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

Key Points

• Repay (NASDAQ:RPAY) has received a "Buy" rating from Canaccord Genuity Group, with a price target of $12.00, indicating a potential upside of 111.64% from its recent close.
• Institutional investor interest has increased, with notable stakes raised by firms like Continental Advisors and Tower Research Capital during the second quarter.
• The company reported $0.20 earnings per share for the last quarter, matching expectations, and had a revenue of $75.63 million, surpassing analyst forecasts.

Canaccord Genuity Group reaffirmed their buy rating on shares of Repay (NASDAQ:RPAY - Free Report) in a research note issued to investors on Friday, August 22nd,Benzinga reports. They currently have a $12.00 price objective on the stock.

Several other research firms have also commented on RPAY. Citigroup lowered their target price on Repay from $8.00 to $4.50 and set a "neutral" rating for the company in a report on Monday, May 19th. Wall Street Zen raised Repay from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. DA Davidson lowered their target price on Repay from $12.00 to $10.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. BMO Capital Markets lowered their target price on Repay from $7.00 to $5.00 and set a "market perform" rating for the company in a report on Tuesday, May 13th. Finally, Keefe, Bruyette & Woods boosted their price objective on Repay from $5.00 to $5.75 and gave the stock a "market perform" rating in a research report on Tuesday, August 12th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $7.22.

Repay Stock Down 0.3%

Shares of NASDAQ RPAY traded down $0.02 during midday trading on Friday, reaching $5.92. 704,889 shares of the company's stock were exchanged, compared to its average volume of 1,033,471. Repay has a 52-week low of $3.59 and a 52-week high of $9.75. The stock has a market capitalization of $540.73 million, a PE ratio of -4.70 and a beta of 1.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.85 and a current ratio of 0.85. The business's fifty day moving average price is $5.17 and its two-hundred day moving average price is $5.19.

Repay (NASDAQ:RPAY - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $75.63 million during the quarter, compared to analyst estimates of $74.24 million. Repay had a positive return on equity of 8.89% and a negative net margin of 35.79%.Repay's quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 earnings per share. Analysts forecast that Repay will post 0.72 EPS for the current year.

Repay declared that its Board of Directors has initiated a stock buyback program on Monday, May 12th that allows the company to buyback $75.00 million in shares. This buyback authorization allows the company to repurchase up to 19% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

Hedge Funds Weigh In On Repay

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP acquired a new stake in Repay in the fourth quarter worth approximately $27,000. Johnson Financial Group Inc. acquired a new stake in Repay in the fourth quarter worth approximately $47,000. Spire Wealth Management lifted its position in Repay by 52.5% in the first quarter. Spire Wealth Management now owns 7,610 shares of the company's stock worth $42,000 after purchasing an additional 2,620 shares during the period. Focus Partners Advisor Solutions LLC acquired a new stake in Repay in the second quarter worth approximately $49,000. Finally, EverSource Wealth Advisors LLC lifted its position in Repay by 224.4% in the second quarter. EverSource Wealth Advisors LLC now owns 10,433 shares of the company's stock worth $50,000 after purchasing an additional 7,217 shares during the period. 82.73% of the stock is currently owned by institutional investors and hedge funds.

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.