Canaccord Genuity Group Reiterates “Buy” Rating for Repay (NASDAQ:RPAY)

Canaccord Genuity Group reaffirmed their buy rating on shares of Repay (NASDAQ:RPAY) in a report released on Wednesday,Benzinga reports. The firm currently has a $13.00 price target on the stock.

Other research analysts have also recently issued reports about the stock. Barclays reduced their price target on shares of Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. Benchmark reiterated a “buy” rating and set a $13.00 price target on shares of Repay in a research report on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.29.

Repay Stock Down 1.8 %

RPAY stock opened at $7.85 on Wednesday. The company has a current ratio of 2.70, a quick ratio of 3.83 and a debt-to-equity ratio of 0.64. The company’s 50 day moving average is $8.06 and its 200 day moving average is $9.10. The stock has a market cap of $767.34 million, a price-to-earnings ratio of -9.02 and a beta of 1.44. Repay has a 1-year low of $7.03 and a 1-year high of $11.27.

Repay (NASDAQ:RPAY) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The company had revenue of $79.15 million for the quarter, compared to analysts’ expectations of $78.97 million. During the same period in the prior year, the business earned $0.16 earnings per share. Repay’s revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts predict that Repay will post 0.74 EPS for the current fiscal year.

Insider Transactions at Repay

In other news, EVP Jacob Hamilton Moore sold 51,694 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $8.00, for a total value of $413,552.00. Following the transaction, the executive vice president now owns 140,130 shares in the company, valued at approximately $1,121,040. This trade represents a 26.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 269,524 shares of company stock worth $2,222,784. Insiders own 11.00% of the company’s stock.

Institutional Trading of Repay

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP purchased a new stake in Repay in the third quarter worth $37,197,000. Vanguard Group Inc. lifted its stake in Repay by 0.7% in the first quarter. Vanguard Group Inc. now owns 4,396,890 shares of the company’s stock worth $48,366,000 after acquiring an additional 32,554 shares during the period. Dimensional Fund Advisors LP lifted its stake in Repay by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,382,033 shares of the company’s stock worth $35,715,000 after acquiring an additional 45,656 shares during the period. Janus Henderson Group PLC lifted its stake in Repay by 8.8% in the first quarter. Janus Henderson Group PLC now owns 2,871,790 shares of the company’s stock worth $31,589,000 after acquiring an additional 233,334 shares during the period. Finally, American Century Companies Inc. lifted its stake in Repay by 6.7% in the second quarter. American Century Companies Inc. now owns 2,532,717 shares of the company’s stock worth $26,745,000 after acquiring an additional 158,668 shares during the period. Hedge funds and other institutional investors 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.