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

Repay (NASDAQ:RPAYGet Free Report)‘s stock had its “buy” rating reiterated by stock analysts at DA Davidson in a research report issued on Tuesday, Benzinga reports. They presently have a $16.00 target price on the stock. DA Davidson’s target price suggests a potential upside of 74.48% from the stock’s previous close.

RPAY has been the topic of a number of other reports. Benchmark reiterated a “buy” rating and issued a $13.00 price objective on shares of Repay in a research report on Friday, May 24th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $11.00 price objective on shares of Repay in a research report on Wednesday, July 3rd. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 price objective on shares of Repay in a research report on Friday, May 10th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $10.63.

Get Our Latest Research Report on RPAY

Repay Trading Down 3.5 %

RPAY stock opened at $9.17 on Tuesday. The business has a fifty day moving average price of $10.24 and a 200 day moving average price of $9.50. Repay has a fifty-two week low of $5.63 and a fifty-two week high of $11.27. The stock has a market capitalization of $931.95 million, a price-to-earnings ratio of -9.36 and a beta of 1.43. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.44 and a quick ratio of 3.44.

Repay (NASDAQ:RPAYGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. Repay had a positive return on equity of 7.74% and a negative net margin of 29.49%. The firm had revenue of $80.72 million during the quarter, compared to analysts’ expectations of $80.24 million. Analysts expect that Repay will post 0.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Spire Wealth Management bought a new position in shares of Repay in the 4th quarter worth $34,000. Quest Partners LLC acquired a new stake in Repay during the 4th quarter worth $56,000. Oak Thistle LLC acquired a new stake in Repay during the 4th quarter worth $103,000. Bfsg LLC acquired a new stake in Repay during the 4th quarter worth $119,000. Finally, Simplicity Solutions LLC raised its stake in 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 buying an additional 2,744 shares during the period. 82.73% of the stock is currently owned by institutional investors.

Repay Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Repay (NASDAQ:RPAY)

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