Repay (NASDAQ:RPAY) Earns Buy Rating from DA Davidson

Repay (NASDAQ:RPAY)‘s stock had its “buy” rating reiterated by investment analysts at DA Davidson in a report released on Thursday,Benzinga reports. They currently have a $14.00 price objective on the stock. DA Davidson’s target price would indicate a potential upside of 94.17% from the company’s current price.

Several other research firms have also recently issued reports on RPAY. Canaccord Genuity Group reissued a “buy” rating and issued a $13.00 price target on shares of Repay in a research note on Thursday, February 13th. Keefe, Bruyette & Woods decreased 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 equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Repay has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

Repay Price Performance

Shares of RPAY opened at $7.21 on Thursday. Repay has a 12 month low of $7.08 and a 12 month high of $11.27. The company has a market cap of $703.93 million, a P/E ratio of -8.29 and a beta of 1.43. The stock has a fifty day moving average price of $7.47 and a 200 day moving average price of $7.89. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70.

Insider Activity

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

Institutional Trading of Repay

Several institutional investors have recently modified their holdings of RPAY. Creative Planning purchased a new stake in shares of Repay during the third quarter valued at $115,000. Blue Trust Inc. lifted its holdings in shares of Repay by 340.0% during the third quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock valued at $29,000 after purchasing an additional 2,771 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Repay during the third quarter valued at $126,000. River Road Asset Management LLC lifted its holdings in shares of Repay by 89.9% during the third quarter. River Road Asset Management LLC now owns 1,891,109 shares of the company’s stock valued at $15,431,000 after purchasing an additional 895,429 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in shares of Repay during the third quarter valued at $1,122,000. Institutional investors and hedge funds 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.