Repay (NASDAQ:RPAY) Stock Gets Price Target Trim from Canaccord Genuity Group

Repay (NASDAQ:RPAY) had its price target decreased by equities researchers at Canaccord Genuity Group from $8.00 to $7.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group‘s price target would suggest a potential upside of 55.90% from the company’s current price.

Other research analysts have also issued reports about the company. Weiss Ratings upgraded Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 20th. DA Davidson restated a “buy” rating and issued a $6.00 target price on shares of Repay in a research report on Wednesday, July 15th. Three research 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. According to MarketBeat, Repay presently has an average rating of “Hold” and a consensus price target of $5.08.

Repay Stock Performance

NASDAQ:RPAY opened at $4.49 on Tuesday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.45 and a quick ratio of 1.43. The firm has a market capitalization of $427.22 million, a price-to-earnings ratio of 7.42 and a beta of 1.92. The company’s 50-day moving average is $4.00 and its two-hundred day moving average is $3.60. Repay has a 1-year low of $2.30 and a 1-year high of $4.80.

Repay (NASDAQ:RPAY) last posted its quarterly earnings results on Monday, November 9th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $153.40 million during the quarter, compared to analysts’ expectations of $151.97 million. Repay had a negative net margin of 49.57% and a positive return on equity of 11.03%. Analysts forecast that Repay will post 0.88 EPS for the current year.

Insider Activity

In related news, General Counsel Tyler Dempsey sold 25,000 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $4.75, for a total transaction of $118,750.00. Following the transaction, the general counsel owned 416,251 shares of the company’s stock, valued at approximately $1,977,192.25. This represents a 5.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders sold 75,000 shares of company stock valued at $316,530. 12.00% of the stock is currently owned by insiders.

Institutional Trading of Repay

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE lifted its holdings in Repay by 79.6% during the 1st quarter. Bank of America Corp DE now owns 495,656 shares of the company’s stock worth $1,289,000 after buying an additional 219,747 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Repay during the second quarter worth $842,000. Baird Financial Group Inc. increased its position in shares of Repay by 100.0% during the second quarter. Baird Financial Group Inc. now owns 50,000 shares of the company’s stock worth $210,000 after acquiring an additional 25,000 shares during the period. Corient Private Wealth LP acquired a new stake in shares of Repay in the second quarter valued at $50,000. Finally, Empowered Funds LLC raised its stake in shares of Repay by 9.9% in the first quarter. Empowered Funds LLC now owns 510,504 shares of the company’s stock valued at $1,327,000 after acquiring an additional 45,939 shares in the last quarter. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

About Repay

Repay Holdings Corporation, operating under the REPAY brand, is a payments technology company that provides integrated payment processing and accounts receivable solutions to businesses and organizations in specialized industries. Its platform is designed to help clients accept, manage and reconcile electronic payments through a range of digital and automated tools.

REPAY’s services include credit and debit card processing, ACH payments, electronic funds transfers, recurring payments, online and mobile payment acceptance, payment disbursements, invoicing and accounts receivable management.