Repay (NASDAQ:RPAY) Now Covered by Stephens

Stephens began coverage on shares of Repay (NASDAQ:RPAY) in a report issued on Friday, MarketBeat reports. The brokerage issued an equal weight rating and a $5.00 price target on the stock.

Several other analysts also recently commented on RPAY. UBS Group increased their price objective on shares of Repay from $4.25 to $4.75 and gave the company a “neutral” rating in a research report on Tuesday. Weiss Ratings upgraded shares of Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 20th. Finally, Canaccord Genuity Group dropped their target price on shares of Repay from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Tuesday. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $5.38.

Repay Trading Up 2.0%

NASDAQ:RPAY opened at $4.18 on Friday. Repay has a one year low of $2.30 and a one year high of $4.80. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.39 and a quick ratio of 1.43. The company’s 50-day simple moving average is $4.03 and its 200 day simple moving average is $3.61. The firm has a market capitalization of $397.73 million, a P/E ratio of 6.03 and a beta of 1.92.

Repay (NASDAQ:RPAY) last released its earnings results on Monday, November 9th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $153.40 million during the quarter, compared to analyst estimates of $151.97 million. Repay had a negative net margin of 41.21% and a positive return on equity of 12.79%. As a group, analysts forecast that Repay will post 0.88 EPS for the current fiscal year.

Insiders Place Their Bets

In other Repay news, General Counsel Tyler Dempsey sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $4.75, for a total transaction of $118,750.00. Following the completion of the sale, the general counsel directly owned 416,251 shares in the company, valued at approximately $1,977,192.25. The trade was a 5.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 75,000 shares of company stock worth $316,530. 12.00% of the stock is currently owned by insiders.

Institutional Trading of Repay

A number of hedge funds have recently bought and sold shares of RPAY. Bank of America Corp DE lifted its position in shares of Repay by 79.6% in the first quarter. Bank of America Corp DE now owns 495,656 shares of the company’s stock valued at $1,289,000 after acquiring an additional 219,747 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Repay during the second quarter worth about $842,000. Villanova Investment Management Co grew its position in shares of Repay by 6.5% during the third quarter. Villanova Investment Management Co now owns 475,212 shares of the company’s stock worth $1,720,000 after purchasing an additional 29,200 shares in the last quarter. Baird Financial Group Inc. raised its stake in Repay by 100.0% during the 2nd quarter. Baird Financial Group Inc. now owns 50,000 shares of the company’s stock valued at $210,000 after purchasing an additional 25,000 shares during the period. Finally, Corient Private Wealth LP bought a new stake in Repay during the 2nd quarter valued at approximately $50,000. Hedge funds and other institutional investors own 82.73% of the company’s stock.

About Repay

Repay Holdings Corporation, known as REPAY, provides payment processing technology that helps businesses accept and manage electronic payments. Its platform supports card payments and automated clearing house (ACH) transactions, including payments made online, by phone and in person. The company focuses on software-integrated payment solutions for industries such as consumer finance, healthcare, education, automotive and property management. REPAY works with businesses and software providers to connect payment processing with their existing systems.