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

Repay (NASDAQ:RPAY)‘s stock had its “buy” rating restated by stock analysts at Canaccord Genuity Group in a report issued on Wednesday, Benzinga reports. They presently have a $13.00 target price on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 57.38% from the company’s current price.

Several other equities research analysts have also recently weighed in on the stock. Benchmark reissued a “buy” rating and set a $13.00 price target on shares of Repay in a research report on Tuesday, August 13th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $11.00 target price on shares of Repay in a report on Wednesday, July 3rd. Barclays reduced their price target on Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Finally, DA Davidson reaffirmed a “buy” rating and set a $16.00 price target on shares of Repay in a research report on Tuesday, July 9th. Four 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $11.33.

Repay Trading Down 1.0 %

Shares of Repay stock traded down $0.08 during trading on Wednesday, reaching $8.26. The company’s stock had a trading volume of 23,142 shares, compared to its average volume of 893,994. The company has a market cap of $807.42 million, a price-to-earnings ratio of -8.43 and a beta of 1.44. The firm’s 50-day moving average is $8.69 and its two-hundred day moving average is $9.70. Repay has a 52-week low of $5.63 and a 52-week high of $11.27. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.52.

Repay (NASDAQ:RPAY) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Repay had a positive return on equity of 8.34% and a negative net margin of 29.01%. The business had revenue of $74.91 million for the quarter, compared to analyst estimates of $76.28 million. During the same period last year, the company earned $0.14 EPS. Repay’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Repay will post 0.73 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Jacob Hamilton Moore sold 210,632 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 240,130 shares in the company, valued at approximately $1,995,480.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 269,524 shares of company stock worth $2,222,784. Company insiders own 11.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Quest Partners LLC purchased a new stake in Repay in the fourth quarter worth about $56,000. Squarepoint Ops LLC bought a new position in Repay during the 2nd quarter valued at approximately $142,000. ProShare Advisors LLC raised its stake in Repay by 8.5% during the first quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock valued at $164,000 after buying an additional 1,174 shares during the last quarter. Diversified Trust Co boosted its holdings in Repay by 15.5% in the second quarter. Diversified Trust Co now owns 17,856 shares of the company’s stock worth $189,000 after acquiring an additional 2,391 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Repay in the second quarter worth $190,000. 82.73% of the stock is currently owned by institutional investors.

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.