Repay’s (RPAY) Buy Rating Reaffirmed at DA Davidson

Repay (NASDAQ:RPAY)‘s stock had its “buy” rating restated by DA Davidson in a research report issued on Thursday,Benzinga reports. They presently have a $14.00 price target on the stock. DA Davidson’s price target indicates a potential upside of 94.17% from the stock’s current price.

RPAY has been the topic of several other reports. Canaccord Genuity Group reissued a “buy” rating and set a $13.00 price target on shares of Repay in a research report on Thursday, February 13th. Keefe, Bruyette & Woods dropped their price target on Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a research report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Repay has an average rating of “Moderate Buy” and an average price target of $12.00.

Repay Price Performance

NASDAQ:RPAY opened at $7.21 on Thursday. The firm has a market capitalization of $703.93 million, a price-to-earnings ratio of -8.29 and a beta of 1.43. Repay has a 1-year low of $7.08 and a 1-year high of $11.27. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. The business’s fifty day moving average price is $7.47 and its 200 day moving average price is $7.89.

Insiders Place Their Bets

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total value of $470,250.00. Following the transaction, the chief financial officer now directly owns 450,879 shares of the company’s stock, valued at $3,719,751.75. This represents a 11.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 11.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RPAY. Wellington Management Group LLP acquired a new position in shares of Repay during the 3rd quarter valued at about $37,197,000. Barclays PLC increased its holdings in shares of Repay by 2,382.5% during the 3rd quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock valued at $12,134,000 after acquiring an additional 1,427,078 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Repay by 8,811.5% during the 3rd quarter. Bank of Montreal Can now owns 1,301,522 shares of the company’s stock valued at $10,594,000 after acquiring an additional 1,286,917 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Repay by 120.6% during the 4th quarter. Millennium Management LLC now owns 1,737,811 shares of the company’s stock valued at $13,259,000 after acquiring an additional 950,185 shares during the last quarter. Finally, River Road Asset Management LLC increased its holdings in shares of Repay by 89.9% during the 3rd quarter. River Road Asset Management LLC now owns 1,891,109 shares of the company’s stock valued at $15,431,000 after acquiring an additional 895,429 shares during the last quarter. 82.73% of the stock is owned by institutional investors and hedge funds.

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.