Repay’s (RPAY) “Overweight” Rating Reiterated at Stephens

Repay (NASDAQ:RPAY)‘s stock had its “overweight” rating reiterated by equities research analysts at Stephens in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $11.00 target price on the stock. Stephens’ price objective indicates a potential upside of 54.49% from the stock’s previous close.

Several other analysts have also commented on the company. Keefe, Bruyette & Woods decreased their price target on Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a research note on Monday, January 6th. Canaccord Genuity Group reissued a “buy” rating and set a $13.00 price objective on shares of Repay in a report on Thursday, February 13th. Finally, DA Davidson restated a “buy” rating and set a $14.00 price objective on shares of Repay in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $11.86.

Repay Trading Down 1.2 %

Repay stock opened at $7.12 on Tuesday. Repay has a 12 month low of $7.08 and a 12 month high of $11.27. The stock has a market cap of $695.15 million, a price-to-earnings ratio of -8.18 and a beta of 1.43. The business has a 50 day moving average price of $7.46 and a two-hundred day moving average price of $7.88. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64.

Insider Activity

In related news, CFO Timothy John Murphy sold 57,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total value of $470,250.00. Following the sale, the chief financial officer now directly owns 450,879 shares of the company’s stock, valued at $3,719,751.75. This trade represents a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 11.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Quarry LP purchased a new position in shares of Repay during the fourth quarter valued at approximately $27,000. R Squared Ltd bought a new position in Repay in the 4th quarter worth $36,000. Blue Trust Inc. raised its holdings in Repay by 57.9% in the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock worth $46,000 after purchasing an additional 2,077 shares in the last quarter. Johnson Financial Group Inc. bought a new position in shares of Repay in the 4th quarter worth approximately $47,000. Finally, Olympiad Research LP bought a new position in Repay in the fourth quarter worth $80,000. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Repay Company Profile

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.