Repay (NASDAQ:RPAY) Stock Keeps "Buy" Rating at Canaccord Genuity Group

Key Points

• Canaccord Genuity reaffirmed its “Buy” rating on Repay and maintained an $8.00 price target, implying roughly 98.5% upside from the prior close. However, the broader analyst consensus remains “Hold,” with an average target of $5.25.
• Repay shares fell to $4.03 on Friday and remain well below their 52-week high of $5.25. The company’s latest quarterly results slightly missed expectations, reporting $0.20 in EPS versus $0.21 forecast and revenue of $100.71 million versus $101.87 million expected.
• Institutional investors own 82.73% of Repay, while insiders own 12%; insiders have sold approximately 50,000 shares worth $197,781 over the past 90 days.

Repay (NASDAQ:RPAY - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $8.00 price objective on the stock. Canaccord Genuity Group's price target would suggest a potential upside of 98.51% from the company's previous close.

A number of other research firms also recently weighed in on RPAY. Weiss Ratings raised shares of Repay from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday, August 20th. DA Davidson reaffirmed a "buy" rating and set a $6.00 price target on shares of Repay in a research note on Wednesday, July 15th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $5.25.

Repay Price Performance

NASDAQ RPAY traded down $0.16 during trading hours on Friday, hitting $4.03. 365,082 shares of the company's stock traded hands, compared to its average volume of 966,612. Repay has a 52-week low of $2.30 and a 52-week high of $5.25. The company has a market capitalization of $383.45 million, a PE ratio of -1.98 and a beta of 1.89. 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's 50-day moving average is $3.80 and its 200-day moving average is $3.66.

Repay (NASDAQ:RPAY - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The firm had revenue of $100.71 million for the quarter, compared to analysts' expectations of $101.87 million. Repay had a positive return on equity of 11.03% and a negative net margin of 49.57%. Equities analysts forecast that Repay will post 0.88 EPS for the current fiscal year.

Insider Activity at Repay

In other Repay news, General Counsel Tyler Dempsey sold 8,392 shares of the business's stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $4.00, for a total transaction of $33,568.00. Following the sale, the general counsel directly owned 446,747 shares in the company, valued at approximately $1,786,988. The trade was a 1.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 50,000 shares of company stock worth $197,781. 12.00% of the stock is currently owned by insiders.

Institutional Trading of Repay

A number of hedge funds and other institutional investors have recently made changes to their positions in RPAY. Bank of America Corp DE raised its holdings in shares of Repay by 79.6% in the 1st quarter. Bank of America Corp DE now owns 495,656 shares of the company's stock worth $1,289,000 after purchasing an additional 219,747 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Repay in the second quarter worth approximately $842,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Repay in the first quarter worth approximately $217,000. Inspire Investing LLC increased its position in shares of Repay by 45.2% in the first quarter. Inspire Investing LLC now owns 187,443 shares of the company's stock worth $487,000 after acquiring an additional 58,317 shares in the last quarter. Finally, Empowered Funds LLC increased its position in shares of Repay by 9.9% in the first quarter. Empowered Funds LLC now owns 510,504 shares of the company's stock worth $1,327,000 after acquiring an additional 45,939 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors.

Repay Company Profile

Repay Holdings Corporation, doing business as REPAY, is a financial technology company that provides integrated payment processing and accounts receivable management solutions. Its platform helps businesses accept, process and reconcile electronic payments through channels such as automated clearing house (ACH) transactions, debit and credit cards, digital wallets, online portals, text messages and interactive voice response systems.

REPAY serves organizations in several specialized industries, including consumer finance, automotive lending, healthcare, education, property management, government and business-to-business payments.