DA Davidson Reaffirms Buy Rating for Repay (NASDAQ:RPAY)

Repay (NASDAQ:RPAY)‘s stock had its “buy” rating restated by investment analysts at DA Davidson in a research note issued on Tuesday, Benzinga reports. They currently have a $16.00 target price on the stock. DA Davidson’s price objective points to a potential upside of 57.17% from the stock’s current price.

RPAY has been the topic of several other research reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 price target on shares of Repay in a research note on Friday, March 1st. Barclays boosted their price target on shares of Repay from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. Benchmark started coverage on shares of Repay in a report on Tuesday, February 13th. They set a “buy” rating and a $10.00 target price for the company. Keefe, Bruyette & Woods increased their price target on Repay from $8.50 to $9.50 and gave the company a “market perform” rating in a research note on Monday, March 4th. Finally, Truist Financial reaffirmed a “buy” rating and set a $13.00 price objective (up from $10.00) on shares of Repay in a research note on Monday, March 4th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Repay has an average rating of “Hold” and an average target price of $10.25.

Repay Price Performance

Shares of NASDAQ:RPAY traded up $0.10 during midday trading on Tuesday, reaching $10.18. The company’s stock had a trading volume of 261,731 shares, compared to its average volume of 622,356. Repay has a fifty-two week low of $5.61 and a fifty-two week high of $11.22. The business’s fifty day simple moving average is $9.95 and its 200-day simple moving average is $8.34. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.95 and a quick ratio of 2.95. The company has a market capitalization of $1.04 billion, a P/E ratio of -8.32 and a beta of 1.34.

Repay (NASDAQ:RPAY) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. Repay had a negative net margin of 37.25% and a positive return on equity of 7.49%. The business had revenue of $75.99 million for the quarter, compared to analysts’ expectations of $69.94 million. As a group, equities research analysts expect that Repay will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling at Repay

In related news, CFO Timothy John Murphy sold 4,925 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $10.00, for a total transaction of $49,250.00. Following the sale, the chief financial officer now directly owns 652,011 shares in the company, valued at $6,520,110. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 116,019 shares of company stock valued at $1,220,382. 19.23% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Sunriver Management LLC lifted its stake in Repay by 15.4% in the 4th quarter. Sunriver Management LLC now owns 4,477,770 shares of the company’s stock valued at $38,240,000 after acquiring an additional 597,059 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Repay by 1.3% in the third quarter. Vanguard Group Inc. now owns 4,245,695 shares of the company’s stock worth $32,225,000 after purchasing an additional 53,746 shares in the last quarter. Ranger Investment Management L.P. boosted its holdings in Repay by 1.4% during the fourth quarter. Ranger Investment Management L.P. now owns 2,959,167 shares of the company’s stock worth $25,271,000 after purchasing an additional 40,076 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Repay by 31.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,850,841 shares of the company’s stock valued at $24,347,000 after purchasing an additional 678,403 shares in the last quarter. Finally, Azora Capital LP increased its stake in Repay by 24.9% in the 4th quarter. Azora Capital LP now owns 2,701,300 shares of the company’s stock valued at $23,069,000 after buying an additional 538,893 shares during the last quarter. 82.73% of the stock is currently owned by institutional investors.

About Repay

Repay Holdings Corporation, payments technology company, provides integrated payment processing solutions to industry-oriented markets in the United States. It operates through two segments: Consumer Payments and Business Payments. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods.