Repay (NASDAQ:RPAY) Receives Buy Rating from Canaccord Genuity Group

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

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

Repay Stock Performance

RPAY opened at $7.30 on Thursday. The company has a fifty day moving average price of $7.64 and a two-hundred day moving average price of $8.03. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. Repay has a 52 week low of $7.08 and a 52 week high of $11.27.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The business had revenue of $79.15 million during the quarter, compared to analysts’ expectations of $78.97 million. During the same period in the previous year, the firm earned $0.16 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts forecast that Repay will post 0.72 EPS for the current year.

Insiders Place Their Bets

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 450,879 shares in the company, valued at approximately $3,719,751.75. This trade represents a 11.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Repay

Several large investors have recently made changes to their positions in the stock. Marshall Wace LLP lifted its position in Repay by 81.2% in the 4th quarter. Marshall Wace LLP now owns 782,098 shares of the company’s stock valued at $5,967,000 after acquiring an additional 350,424 shares in the last quarter. Sunriver Management LLC lifted its holdings in shares of Repay by 11.6% in the fourth quarter. Sunriver Management LLC now owns 6,043,368 shares of the company’s stock valued at $46,111,000 after purchasing an additional 626,528 shares in the last quarter. Barclays PLC lifted its holdings in shares of Repay by 1.5% in the fourth quarter. Barclays PLC now owns 1,509,813 shares of the company’s stock valued at $11,520,000 after purchasing an additional 22,836 shares in the last quarter. Invesco Ltd. boosted its position in shares of Repay by 1.4% during the fourth quarter. Invesco Ltd. now owns 159,371 shares of the company’s stock worth $1,216,000 after buying an additional 2,142 shares during the period. Finally, Bank of Montreal Can grew its holdings in shares of Repay by 0.8% during the fourth quarter. Bank of Montreal Can now owns 1,312,355 shares of the company’s stock worth $10,013,000 after buying an additional 10,833 shares in the last quarter. 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.