Repay’s (RPAY) “Buy” Rating Reiterated at DA Davidson

DA Davidson reiterated their buy rating on shares of Repay (NASDAQ:RPAY) in a report released on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has a $9.00 target price on the stock.

Several other equities analysts also recently commented on the stock. Morgan Stanley lowered their price objective on shares of Repay from $4.00 to $3.50 and set an “equal weight” rating for the company in a research note on Tuesday. Weiss Ratings restated a “sell (e+)” rating on shares of Repay in a report on Monday, December 29th. Wall Street Zen lowered Repay from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. UBS Group dropped their price objective on Repay from $5.75 to $4.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $12.00 price objective on shares of Repay in a research report on Tuesday, November 11th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $6.14.

Repay Stock Down 4.6%

Shares of NASDAQ RPAY opened at $2.71 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.58. Repay has a 52 week low of $2.69 and a 52 week high of $6.05. The firm’s fifty day moving average is $3.30 and its 200 day moving average is $4.06. The company has a market cap of $247.56 million, a price-to-earnings ratio of -0.89 and a beta of 1.64.

Repay (NASDAQ:RPAY) last announced its quarterly earnings results on Monday, March 9th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.02). The firm had revenue of $78.59 million for the quarter, compared to analysts’ expectations of $76.79 million. Repay had a negative net margin of 83.01% and a positive return on equity of 9.30%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 EPS. On average, equities research analysts expect that Repay will post 0.72 earnings per share for the current year.

Institutional Investors Weigh In On Repay

Several hedge funds have recently made changes to their positions in RPAY. Quarry LP purchased a new stake in Repay in the third quarter worth $26,000. Caitong International Asset Management Co. Ltd purchased a new position in Repay during the fourth quarter valued at $40,000. Jain Global LLC bought a new stake in shares of Repay during the 4th quarter valued at $40,000. EverSource Wealth Advisors LLC grew its position in shares of Repay by 224.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,433 shares of the company’s stock worth $50,000 after buying an additional 7,217 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Repay in the 2nd quarter worth about $56,000. 82.73% of the stock is currently owned by 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.