Repay (NASDAQ:RPAY) Receives “Buy” Rating from DA Davidson

Repay (NASDAQ:RPAY)‘s stock had its “buy” rating reissued by analysts at DA Davidson in a research report issued on Wednesday,Benzinga reports. They presently have a $6.00 target price on the stock. DA Davidson’s price target suggests a potential upside of 52.67% from the stock’s current price.

RPAY has been the subject of several other reports. Canaccord Genuity Group dropped their price target on Repay from $12.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, March 16th. Stephens cut Repay from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $7.00 to $3.75 in a research report on Tuesday, May 5th. UBS Group boosted their price target on Repay from $3.50 to $3.75 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Morgan Stanley dropped their price target on Repay from $4.00 to $3.50 and set an “equal weight” rating for the company in a research report on Tuesday, March 10th. Finally, Benchmark dropped their price target on Repay from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $5.25.

Repay Stock Down 2.5%

Repay stock opened at $3.93 on Wednesday. The stock has a market capitalization of $373.19 million, a PE ratio of -1.28 and a beta of 1.86. Repay has a 12 month low of $2.30 and a 12 month high of $6.05. The business has a 50 day simple moving average of $3.33 and a 200-day simple moving average of $3.34. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.79 and a quick ratio of 1.79.

Repay (NASDAQ:RPAY) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. The business had revenue of $80.79 million during the quarter, compared to analysts’ expectations of $80.48 million. Repay had a positive return on equity of 10.45% and a negative net margin of 82.73%. On average, analysts anticipate that Repay will post 0.73 EPS for the current fiscal year.

Institutional Trading of Repay

Large investors have recently added to or reduced their stakes in the stock. Pacific Ridge Capital Partners LLC purchased a new stake in Repay in the 3rd quarter valued at $3,229,000. Portolan Capital Management LLC purchased a new stake in Repay in the 3rd quarter valued at $11,417,000. CenterBook Partners LP grew its holdings in Repay by 33.3% in the 3rd quarter. CenterBook Partners LP now owns 967,089 shares of the company’s stock valued at $5,058,000 after buying an additional 241,491 shares in the last quarter. Villanova Investment Management Co LLC grew its holdings in Repay by 43.3% in the 3rd quarter. Villanova Investment Management Co LLC now owns 595,148 shares of the company’s stock valued at $3,113,000 after buying an additional 179,754 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Repay by 3.5% in the 3rd quarter. American Century Companies Inc. now owns 6,667,792 shares of the company’s stock valued at $34,873,000 after purchasing an additional 227,349 shares during the last quarter. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

About Repay

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.