Repay (NASDAQ:RPAY) Given “Buy” Rating at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Repay (NASDAQ:RPAY) in a report published on Thursday morning,Benzinga reports. They currently have a $13.00 target price on the stock.

Separately, Keefe, Bruyette & Woods cut their price objective on Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.33.

Repay Price Performance

Repay stock opened at $7.30 on Thursday. The firm has a 50-day moving average of $7.64 and a 200-day moving average of $8.03. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. Repay has a one year low of $7.08 and a one year high of $11.27.

Repay (NASDAQ:RPAY) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. The firm had revenue of $79.15 million during the quarter, compared to analysts’ expectations of $78.97 million. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 earnings per share. On average, equities analysts anticipate that Repay will post 0.72 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Trading of Repay

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. grew its stake in Repay by 340.0% in the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock valued at $29,000 after buying an additional 2,771 shares during the last quarter. R Squared Ltd bought a new stake in shares of Repay during the fourth quarter worth approximately $36,000. nVerses Capital LLC acquired a new position in shares of Repay in the third quarter valued at approximately $59,000. Olympiad Research LP bought a new position in shares of Repay during the fourth quarter worth approximately $80,000. Finally, Point72 DIFC Ltd acquired a new stake in Repay during the 3rd quarter worth approximately $99,000. 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.