Repay (NASDAQ:RPAY) Given Buy Rating at Canaccord Genuity Group

Repay (NASDAQ:RPAY - Get Free Report)'s stock had its "buy" rating restated by analysts at Canaccord Genuity Group in a research note issued on Friday, Benzinga reports. They currently have a $13.00 price target on the stock. Canaccord Genuity Group's target price indicates a potential upside of 25.85% from the company's current price.

Other research analysts have also issued reports about the company. Barclays boosted their target price on Repay from $9.00 to $10.00 and gave the stock an "overweight" rating in a report on Tuesday, January 16th. DA Davidson reiterated a "buy" rating and issued a $16.00 price target on shares of Repay in a research note on Tuesday, April 30th. Benchmark upped their price target on shares of Repay from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Friday. Keefe, Bruyette & Woods increased their price target on Repay from $8.50 to $9.50 and gave the stock a "market perform" rating in a report on Monday, March 4th. Finally, Truist Financial reiterated a "buy" rating and issued a $13.00 target price (up previously from $10.00) on shares of Repay in a research note on Monday, March 4th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Repay presently has a consensus rating of "Hold" and a consensus target price of $10.50.

Repay Price Performance

NASDAQ RPAY traded down $0.25 on Friday, reaching $10.33. The company's stock had a trading volume of 775,487 shares, compared to its average volume of 633,738. The business has a 50-day moving average price of $10.29 and a 200 day moving average price of $8.55. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.52. Repay has a 52 week low of $5.63 and a 52 week high of $11.22. The firm has a market cap of $1.05 billion, a PE ratio of -8.47 and a beta of 1.36.

Repay (NASDAQ:RPAY - Get Free Report) last announced its quarterly earnings data 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. Repay had a positive return on equity of 7.49% and a negative net margin of 37.25%. The firm had revenue of $75.99 million during the quarter, compared to analysts' expectations of $69.94 million. Sell-side analysts expect that Repay will post 0.73 EPS for the current year.

Insiders Place Their Bets

In other Repay news, CFO Timothy John Murphy sold 5,624 shares of Repay stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $10.03, for a total transaction of $56,408.72. Following the sale, the chief financial officer now directly owns 646,387 shares of the company's stock, valued at approximately $6,483,261.61. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 116,019 shares of company stock worth $1,220,382. 11.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Repay

A number of large investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC increased its stake in shares of Repay by 19.7% in the 3rd quarter. Hsbc Holdings PLC now owns 22,312 shares of the company's stock worth $171,000 after purchasing an additional 3,669 shares in the last quarter. American Century Companies Inc. bought a new stake in Repay during the 3rd quarter valued at approximately $8,492,000. Russell Investments Group Ltd. increased its holdings in shares of Repay by 8.5% in the fourth quarter. Russell Investments Group Ltd. now owns 1,195,915 shares of the company's stock worth $10,213,000 after purchasing an additional 93,843 shares during the last quarter. Swiss National Bank increased its stake in Repay by 3.6% in the 3rd quarter. Swiss National Bank now owns 173,283 shares of the company's stock worth $1,315,000 after acquiring an additional 6,000 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Repay by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,245,695 shares of the company's stock valued at $32,225,000 after acquiring an additional 53,746 shares during the last quarter. 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.

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