Repay’s (RPAY) “Buy” Rating Reaffirmed at Canaccord Genuity Group

Repay (NASDAQ:RPAY)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity Group in a note issued to investors on Wednesday,Benzinga reports. They currently have a $8.00 price target on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 117.98% from the company’s current price.

Several other equities analysts have also weighed in on RPAY. DA Davidson restated a “buy” rating and set a $6.00 price target on shares of Repay in a research report on Wednesday, July 15th. Weiss Ratings lowered shares of Repay from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, August 6th. UBS Group increased their price objective on Repay from $3.75 to $4.25 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Finally, Stephens downgraded Repay from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $7.00 to $3.75 in a research note on Tuesday, May 5th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Repay presently has an average rating of “Hold” and a consensus price target of $5.25.

Repay Stock Performance

Shares of Repay stock opened at $3.67 on Wednesday. The business’s fifty day simple moving average is $3.79 and its 200 day simple moving average is $3.44. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 1.60. Repay has a 12 month low of $2.30 and a 12 month high of $6.05. The firm has a market capitalization of $348.50 million, a P/E ratio of -1.80 and a beta of 1.83.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Repay had a negative net margin of 49.57% and a positive return on equity of 11.03%. The business had revenue of $100.71 million during the quarter, compared to the consensus estimate of $101.86 million. As a group, analysts anticipate that Repay will post 0.66 EPS for the current year.

Hedge Funds Weigh In On Repay

A number of institutional investors have recently added to or reduced their stakes in the business. Essential Partners LLC increased its position in shares of Repay by 69.8% in the first quarter. Essential Partners LLC now owns 9,612 shares of the company’s stock worth $25,000 after purchasing an additional 3,950 shares during the last quarter. Quarry LP purchased a new stake in Repay during the third quarter valued at about $26,000. Krilogy Financial LLC purchased a new position in shares of Repay in the 1st quarter worth about $29,000. Caerus Investment Advisors LLC bought a new stake in Repay in the 1st quarter worth approximately $31,000. Finally, Chicago Partners Investment Group LLC bought a new position in Repay during the first quarter valued at approximately $36,000. 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.