Repay’s (RPAY) Buy Rating Reiterated at Benchmark

Benchmark reaffirmed their buy rating on shares of Repay (NASDAQ:RPAY) in a research note published on Tuesday morning, Benzinga reports. Benchmark currently has a $13.00 price target on the stock.

Several other equities research analysts also recently commented on the company. DA Davidson restated a buy rating and set a $16.00 price objective on shares of Repay in a report on Tuesday, July 9th. Keefe, Bruyette & Woods restated a market perform rating and set a $11.00 price target on shares of Repay in a research note on Wednesday, July 3rd. Canaccord Genuity Group reaffirmed a buy rating and issued a $13.00 price objective on shares of Repay in a research note on Friday, May 10th. Finally, Barclays decreased their target price on shares of Repay from $12.00 to $11.00 and set an overweight rating for the company in a research report on Monday, August 12th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Repay currently has an average rating of Moderate Buy and a consensus price target of $11.10.

Repay Stock Down 0.2 %

Repay stock opened at $8.24 on Tuesday. The company has a quick ratio of 3.44, a current ratio of 3.83 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $837.43 million, a PE ratio of -8.41 and a beta of 1.43. The firm’s fifty day moving average is $9.72 and its 200 day moving average is $9.72. Repay has a 12-month low of $5.63 and a 12-month high of $11.27.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Repay had a negative net margin of 29.01% and a positive return on equity of 8.34%. The firm had revenue of $74.91 million for the quarter, compared to analyst estimates of $76.28 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that Repay will post 0.72 EPS for the current fiscal year.

Hedge Funds Weigh In On Repay

Several hedge funds have recently modified their holdings of RPAY. Bleakley Financial Group LLC increased its position in shares of Repay by 18.5% during the fourth quarter. Bleakley Financial Group LLC now owns 18,734 shares of the company’s stock valued at $160,000 after acquiring an additional 2,925 shares during the last quarter. Simplicity Solutions LLC grew its stake in Repay by 17.4% in the 4th quarter. Simplicity Solutions LLC now owns 18,553 shares of the company’s stock valued at $158,000 after purchasing an additional 2,744 shares during the period. Federated Hermes Inc. increased its position in shares of Repay by 50.6% during the 4th quarter. Federated Hermes Inc. now owns 353,853 shares of the company’s stock valued at $3,022,000 after purchasing an additional 118,934 shares during the last quarter. Knights of Columbus Asset Advisors LLC raised its stake in shares of Repay by 100.0% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 101,288 shares of the company’s stock worth $865,000 after purchasing an additional 50,644 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in shares of Repay by 56.3% in the 4th quarter. New York State Common Retirement Fund now owns 34,807 shares of the company’s stock worth $297,000 after buying an additional 12,544 shares during the last quarter. Institutional investors 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.