Repay’s (RPAY) “Buy” Rating Reaffirmed at Canaccord Genuity Group

Repay (NASDAQ:RPAY)‘s stock had its “buy” rating restated by stock analysts at Canaccord Genuity Group in a report issued on Friday, Benzinga reports. They presently have a $8.00 price objective on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 98.27% from the company’s current price.

A number of other research analysts have also issued reports on RPAY. Weiss Ratings upgraded Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 20th. DA Davidson reissued a “buy” rating and issued a $6.00 price target on shares of Repay in a report on Wednesday, July 15th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.25.

Repay Stock Down 3.7%

NASDAQ:RPAY traded down $0.16 during midday trading on Friday, hitting $4.04. 284,853 shares of the company were exchanged, compared to its average volume of 966,027. The company has a market capitalization of $383.93 million, a PE ratio of -1.98 and a beta of 1.89. The company has a fifty day simple moving average of $3.80 and a 200 day simple moving average of $3.66. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 1.60. Repay has a fifty-two week low of $2.30 and a fifty-two week high of $5.25.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $100.71 million during the quarter, compared to analyst estimates of $101.87 million. Repay had a negative net margin of 49.57% and a positive return on equity of 11.03%. As a group, equities analysts anticipate that Repay will post 0.88 earnings per share for the current fiscal year.

Insider Activity

In other news, General Counsel Tyler Dempsey sold 8,392 shares of Repay stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $4.00, for a total value of $33,568.00. Following the sale, the general counsel directly owned 446,747 shares in the company, valued at approximately $1,786,988. This trade represents a 1.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have sold 50,000 shares of company stock valued at $197,781. 12.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in RPAY. Villanova Investment Management Co LLC raised its position in Repay by 5.6% during the 4th quarter. Villanova Investment Management Co LLC now owns 628,292 shares of the company’s stock valued at $2,293,000 after purchasing an additional 33,144 shares in the last quarter. Empowered Funds LLC raised its stake in Repay by 9.9% in the 1st quarter. Empowered Funds LLC now owns 510,504 shares of the company’s stock valued at $1,327,000 after purchasing an additional 45,939 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Repay by 79.6% in the 1st quarter. Bank of America Corp DE now owns 495,656 shares of the company’s stock worth $1,289,000 after acquiring an additional 219,747 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Repay in the 2nd quarter valued at about $842,000. Finally, Inspire Investing LLC grew its stake in shares of Repay by 45.2% in the first quarter. Inspire Investing LLC now owns 187,443 shares of the company’s stock worth $487,000 after acquiring an additional 58,317 shares in the last quarter. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Repay Company Profile

Repay Holdings Corporation, doing business as REPAY, is a financial technology company that provides integrated payment processing and accounts receivable management solutions. Its platform helps businesses accept, process and reconcile electronic payments through channels such as automated clearing house (ACH) transactions, debit and credit cards, digital wallets, online portals, text messages and interactive voice response systems.

REPAY serves organizations in several specialized industries, including consumer finance, automotive lending, healthcare, education, property management, government and business-to-business payments.