Canaccord Genuity Group Reaffirms Buy Rating for Repay (NASDAQ:RPAY)

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

RPAY has been the subject of several other research reports. Benchmark reiterated a “buy” rating and issued a $13.00 target price on shares of Repay in a report on Tuesday, August 13th. Barclays lowered their price target on Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.29.

Repay Trading Down 1.8 %

NASDAQ:RPAY opened at $7.85 on Wednesday. Repay has a 52 week low of $7.03 and a 52 week high of $11.27. The stock’s fifty day moving average is $8.06 and its two-hundred day moving average is $9.09. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.83 and a current ratio of 2.70.

Repay (NASDAQ:RPAY) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. The firm had revenue of $79.15 million for the quarter, compared to analyst estimates of $78.97 million. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. Repay’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 EPS. On average, equities research analysts predict that Repay will post 0.74 EPS for the current year.

Insider Buying and Selling at Repay

In other news, EVP Jacob Hamilton Moore sold 210,632 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $8.31, for a total value of $1,750,351.92. Following the sale, the executive vice president now directly owns 240,130 shares in the company, valued at approximately $1,995,480.30. This trade represents a 46.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 269,524 shares of company stock valued at $2,222,784 in the last 90 days. Company insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Repay

Several large investors have recently bought and sold shares of the stock. ProShare Advisors LLC grew its position in shares of Repay by 8.5% during the first quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock worth $164,000 after buying an additional 1,174 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in Repay by 6.6% during the 1st quarter. Bleakley Financial Group LLC now owns 19,966 shares of the company’s stock worth $220,000 after acquiring an additional 1,232 shares in the last quarter. CWM LLC increased its position in shares of Repay by 2.8% in the 2nd quarter. CWM LLC now owns 53,785 shares of the company’s stock valued at $568,000 after purchasing an additional 1,462 shares during the last quarter. Diversified Trust Co raised its holdings in shares of Repay by 15.5% in the 2nd quarter. Diversified Trust Co now owns 17,856 shares of the company’s stock valued at $189,000 after purchasing an additional 2,391 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Repay by 340.0% during the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock worth $29,000 after purchasing an additional 2,771 shares during the last quarter. Hedge funds and other institutional investors own 82.73% of the company’s stock.

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.