Repay (NASDAQ:RPAY) Earns “Buy” Rating from Benchmark

Repay (NASDAQ:RPAY)‘s stock had its “buy” rating reissued by equities researchers at Benchmark in a report released on Friday, Benzinga reports. They currently have a $13.00 target price on the stock. Benchmark’s target price would indicate a potential upside of 31.85% from the stock’s previous close.

Several other equities analysts have also issued reports on RPAY. Keefe, Bruyette & Woods boosted their price objective on Repay from $8.50 to $9.50 and gave the company a “market perform” rating in a research report on Monday, March 4th. Truist Financial reissued a “buy” rating and set a $13.00 price objective (up previously from $10.00) on shares of Repay in a research report on Monday, March 4th. DA Davidson reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Repay in a research report on Tuesday, April 30th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $13.00 price target on shares of Repay in a research note on Friday, May 10th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.50.

Repay Trading Up 0.3 %

NASDAQ RPAY traded up $0.03 during trading on Friday, reaching $9.86. 38,526 shares of the stock traded hands, compared to its average volume of 610,513. The stock’s 50-day moving average price is $10.30 and its 200 day moving average price is $8.83. The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.52. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -10.01 and a beta of 1.36. Repay has a fifty-two week low of $5.63 and a fifty-two week high of $11.22.

Repay (NASDAQ:RPAY) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The business had revenue of $75.99 million during the quarter, compared to analysts’ expectations of $69.94 million. Repay had a negative net margin of 29.49% and a positive return on equity of 7.74%. Analysts predict that Repay will post 0.73 EPS for the current year.

Insider Buying and Selling

In other Repay news, CFO Timothy John Murphy sold 4,925 shares of Repay stock in a transaction on Friday, March 1st. The shares were sold at an average price of $10.00, for a total transaction of $49,250.00. Following the completion of the transaction, the chief financial officer now directly owns 652,011 shares of the company’s stock, valued at $6,520,110. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 116,019 shares of company stock worth $1,220,382. Insiders own 11.00% of the company’s stock.

Institutional Trading of Repay

Several institutional investors have recently added to or reduced their stakes in RPAY. ProShare Advisors LLC increased its stake in Repay by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock worth $164,000 after acquiring an additional 1,174 shares during the period. Bleakley Financial Group LLC increased its holdings in Repay by 6.6% in the 1st quarter. Bleakley Financial Group LLC now owns 19,966 shares of the company’s stock valued at $220,000 after buying an additional 1,232 shares during the period. Fisher Asset Management LLC raised its position in shares of Repay by 4.1% in the 4th quarter. Fisher Asset Management LLC now owns 52,819 shares of the company’s stock valued at $451,000 after buying an additional 2,057 shares in the last quarter. Simplicity Solutions LLC lifted its holdings in shares of Repay by 17.4% during the 4th quarter. Simplicity Solutions LLC now owns 18,553 shares of the company’s stock worth $158,000 after acquiring an additional 2,744 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Repay by 18.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,911 shares of the company’s stock worth $264,000 after acquiring an additional 3,661 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors.

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.