Repay (NASDAQ:RPAY) Rating Reiterated by DA Davidson

DA Davidson reaffirmed their buy rating on shares of Repay (NASDAQ:RPAY - Free Report) in a report released on Tuesday morning, Benzinga reports. They currently have a $16.00 target price on the stock.

Several other analysts also recently weighed in on RPAY. Keefe, Bruyette & Woods boosted their target price on shares of Repay from $8.50 to $9.50 and gave the stock a market perform rating in a research report on Monday, March 4th. Truist Financial reiterated a buy rating and issued a $13.00 target price (up from $10.00) on shares of Repay in a research note on Monday, March 4th. Benchmark began coverage on shares of Repay in a research report on Tuesday, February 13th. They set a buy rating and a $10.00 price objective for the company. Barclays upped their price objective on shares of Repay from $9.00 to $10.00 and gave the stock an overweight rating in a research report on Tuesday, January 16th. Finally, Canaccord Genuity Group restated a buy rating and set a $13.00 price objective on shares of Repay in a research report on Friday, March 1st. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $10.25.

Repay Stock Up 0.9 %

Shares of Repay stock traded up $0.09 on Tuesday, reaching $10.17. The stock had a trading volume of 620,931 shares, compared to its average volume of 626,769. The stock has a market capitalization of $1.04 billion, a P/E ratio of -8.34 and a beta of 1.34. Repay has a 1 year low of $5.61 and a 1 year high of $11.22. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.52. The company has a 50 day moving average price of $9.99 and a 200 day moving average price of $8.37.

Repay (NASDAQ:RPAY - Get Free Report) last released its earnings results on Thursday, February 29th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.03. The company had revenue of $75.99 million for the quarter, compared to the consensus estimate of $69.94 million. Repay had a negative net margin of 37.25% and a positive return on equity of 7.49%. As a group, equities research analysts forecast that Repay will post 0.73 EPS for the current year.

Insider Transactions at Repay

In related news, CFO Timothy John Murphy sold 58,275 shares of the company's stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $11.03, for a total value of $642,773.25. Following the completion of the sale, the chief financial officer now owns 506,924 shares of the company's stock, valued at $5,591,371.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 116,019 shares of company stock valued at $1,220,382 over the last 90 days. 19.23% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Repay

A number of hedge funds have recently modified their holdings of RPAY. Private Management Group Inc. purchased a new stake in shares of Repay in the fourth quarter valued at about $9,919,000. American Century Companies Inc. purchased a new position in Repay during the third quarter worth about $8,492,000. G2 Investment Partners Management LLC purchased a new position in Repay during the fourth quarter worth about $7,303,000. Dimensional Fund Advisors LP boosted its stake in Repay by 31.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,850,841 shares of the company's stock worth $24,347,000 after buying an additional 678,403 shares during the period. Finally, Sunriver Management LLC boosted its stake in Repay by 15.4% during the fourth quarter. Sunriver Management LLC now owns 4,477,770 shares of the company's stock worth $38,240,000 after buying an additional 597,059 shares during the period. Hedge funds and other institutional investors own 82.73% of the company's stock.

About Repay

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.