Benchmark Cuts Repay (NASDAQ:RPAY) Price Target to $6.00

Repay (NASDAQ:RPAY) had its target price decreased by Benchmark from $8.00 to $6.00 in a research report sent to investors on Tuesday,Benzinga reports. Benchmark currently has a buy rating on the stock.

RPAY has been the topic of a number of other reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Repay in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Repay from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Morgan Stanley cut their price objective on shares of Repay from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 12th. Canaccord Genuity Group reissued a “buy” rating and issued a $12.00 target price on shares of Repay in a research report on Tuesday, November 11th. Finally, UBS Group lowered their target price on shares of Repay from $5.75 to $4.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.14.

Repay Trading Down 4.6%

Shares of RPAY opened at $2.71 on Tuesday. Repay has a fifty-two week low of $2.69 and a fifty-two week high of $6.05. The company has a market capitalization of $247.56 million, a PE ratio of -0.89 and a beta of 1.64. The stock has a fifty day moving average of $3.30 and a two-hundred day moving average of $4.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.82.

Repay (NASDAQ:RPAY) last posted its quarterly earnings data on Monday, March 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.02). The business had revenue of $78.59 million for the quarter, compared to analyst estimates of $76.79 million. Repay had a positive return on equity of 9.30% and a negative net margin of 83.01%.Repay’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 EPS. As a group, analysts forecast that Repay will post 0.72 EPS for the current year.

Institutional Investors Weigh In On Repay

Several institutional investors have recently bought and sold shares of the business. Quarry LP purchased a new position in shares of Repay in the 3rd quarter valued at $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in Repay during the 4th quarter worth $40,000. Jain Global LLC purchased a new stake in Repay during the 4th quarter worth $40,000. EverSource Wealth Advisors LLC increased its holdings in Repay by 224.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,433 shares of the company’s stock valued at $50,000 after purchasing an additional 7,217 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Repay in the second quarter valued at about $56,000. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

Repay Company Profile

Repay Holdings Corp. (Nasdaq: RPAY) is a specialized financial technology company that delivers integrated payment solutions to businesses operating within key vertical markets. The company’s platform enables merchants and service providers to accept a range of payment types, including credit and debit cards, automated clearing house (ACH) transfers and electronic checks. Repay’s offerings are designed to seamlessly integrate with third-party software applications, such as enterprise resource planning, customer relationship management and point-of-sale systems, empowering industries such as utilities, telecommunications, automotive finance, healthcare, insurance, property management and education.

Tracing its roots to the formation of Pinnacle Payment Systems in 1997, Repay expanded its capabilities through strategic acquisitions, including Southeastern Integrated Solutions and Payliance, before completing a business combination with Thunder Bridge Acquisition II in 2019 to become a publicly traded company on the Nasdaq.