Repay (NASDAQ:RPAY) Rating Reiterated by DA Davidson

Repay (NASDAQ:RPAY)‘s stock had its “buy” rating reiterated by stock analysts at DA Davidson in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $16.00 price objective on the stock. DA Davidson’s price objective suggests a potential upside of 57.48% from the company’s previous close.

A number of other brokerages have also recently issued reports on RPAY. Benchmark started coverage on shares of Repay in a report on Tuesday, February 13th. They issued a “buy” rating and a $10.00 target price on the stock. Canaccord Genuity Group reissued a “buy” rating and issued a $13.00 target price on shares of Repay in a report on Friday, March 1st. Barclays raised their target price on shares of Repay from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. Truist Financial reissued a “buy” rating and issued a $13.00 target price (up previously from $10.00) on shares of Repay in a report on Monday, March 4th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Repay from $8.50 to $9.50 and gave the company a “market perform” rating in a research note on Monday, March 4th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.25.

Repay Stock Performance

Shares of RPAY stock opened at $10.16 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.95 and a current ratio of 2.95. Repay has a one year low of $5.61 and a one year high of $11.22. The company’s 50-day simple moving average is $10.03 and its 200-day simple moving average is $8.38. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -8.33 and a beta of 1.34.

Repay (NASDAQ:RPAY) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.21 EPS for the quarter, topping 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. Equities analysts anticipate that Repay will post 0.73 earnings per share for the current fiscal year.

Insider Activity at Repay

In related news, CFO Timothy John Murphy sold 5,624 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $10.03, for a total transaction of $56,408.72. Following the transaction, the chief financial officer now owns 646,387 shares in the company, valued at $6,483,261.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 116,019 shares of company stock worth $1,220,382 over the last quarter. 11.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RPAY. Private Management Group Inc. acquired a new position in shares of Repay during the fourth quarter valued at approximately $9,919,000. American Century Companies Inc. bought a new stake in Repay during the third quarter worth approximately $8,492,000. G2 Investment Partners Management LLC bought a new stake in Repay during the fourth quarter worth approximately $7,303,000. Dimensional Fund Advisors LP boosted its holdings in Repay by 31.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,850,841 shares of the company’s stock worth $24,347,000 after buying an additional 678,403 shares in the last quarter. Finally, Sunriver Management LLC boosted its holdings in Repay by 15.4% during the fourth quarter. Sunriver Management LLC now owns 4,477,770 shares of the company’s stock worth $38,240,000 after buying an additional 597,059 shares in the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.

Repay Company Profile

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.