Stephens Reaffirms “Overweight” Rating for Repay (NASDAQ:RPAY)

Repay (NASDAQ:RPAY)‘s stock had its “overweight” rating restated by investment analysts at Stephens in a research report issued on Tuesday,Benzinga reports. They currently have a $11.00 price target on the stock. Stephens’ price target would suggest a potential upside of 76.00% from the company’s previous close.

A number of other equities research analysts also recently issued reports on RPAY. Canaccord Genuity Group restated a “buy” rating and issued a $13.00 target price on shares of Repay in a report on Thursday, February 13th. DA Davidson reiterated a “buy” rating and set a $14.00 price objective on shares of Repay in a research note on Thursday, February 27th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Repay presently has an average rating of “Moderate Buy” and a consensus price target of $10.56.

Repay Price Performance

Repay stock opened at $6.25 on Tuesday. Repay has a 1 year low of $5.93 and a 1 year high of $11.27. The firm has a 50 day moving average price of $7.40 and a 200 day moving average price of $7.86. The company has a market cap of $610.21 million, a price-to-earnings ratio of -7.18 and a beta of 1.54. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70.

Insider Transactions at Repay

In other news, CFO Timothy John Murphy sold 57,000 shares of the business’s 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 transaction, the chief financial officer now directly owns 450,879 shares of the company’s stock, valued at approximately $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 at this hyperlink. Corporate insiders own 11.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. PharVision Advisers LLC acquired a new position in shares of Repay during the fourth quarter worth $114,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Repay by 3.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,927 shares of the company’s stock valued at $1,029,000 after acquiring an additional 4,980 shares in the last quarter. Sovereign s Capital Management LLC bought a new position in Repay during the 4th quarter valued at $4,408,000. Squarepoint Ops LLC grew its holdings in Repay by 32.2% during the 4th quarter. Squarepoint Ops LLC now owns 295,408 shares of the company’s stock worth $2,254,000 after acquiring an additional 72,026 shares in the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of Repay by 290.0% in the 4th quarter. Two Sigma Advisers LP now owns 62,400 shares of the company’s stock worth $476,000 after purchasing an additional 46,400 shares during the last quarter. 82.73% of the stock is owned by institutional investors and hedge funds.

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.