Repay (NASDAQ:RPAY) Receives Buy Rating from 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 reissued their buy rating on shares of Repay (NASDAQ:RPAY - Free Report) in a research report report published on Friday morning,Benzinga reports. The firm currently has a $12.00 price objective on the stock.

A number of other research analysts have also issued reports on the company. UBS Group boosted their target price on Repay from $4.50 to $5.75 and gave the company a "neutral" rating in a report on Wednesday, August 13th. Keefe, Bruyette & Woods lifted their price objective on shares of Repay from $5.00 to $5.75 and gave the company a "market perform" rating in a research report on Tuesday, August 12th. Wall Street Zen upgraded shares of Repay from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Citigroup reduced their target price on shares of Repay from $8.00 to $4.50 and set a "neutral" rating for the company in a research note on Monday, May 19th. Finally, Morgan Stanley boosted their price target on shares of Repay from $4.50 to $5.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 12th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $7.22.

Repay Stock Performance

Shares of RPAY traded up $0.06 during midday trading on Friday, reaching $5.94. 679,110 shares of the stock were exchanged, compared to its average volume of 1,040,909. Repay has a twelve month low of $3.59 and a twelve month high of $9.75. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $542.56 million, a price-to-earnings ratio of 8.40 and a beta of 1.64. The business's 50-day moving average price is $5.12 and its 200 day moving average price is $5.23.

Repay (NASDAQ:RPAY - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.20. Repay had a positive return on equity of 8.89% and a negative net margin of 35.79%.The firm had revenue of $75.63 million for the quarter, compared to the consensus estimate of $74.24 million. During the same quarter last year, the business posted $0.22 EPS. The firm's quarterly revenue was up .9% compared to the same quarter last year. On average, sell-side analysts expect that Repay will post 0.72 EPS for the current fiscal year.

Repay announced that its Board of Directors has approved a share buyback plan on Monday, May 12th that allows the company to repurchase $75.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 19% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its shares are undervalued.

Institutional Trading of Repay

Several institutional investors and hedge funds have recently modified their holdings of RPAY. Wells Fargo & Company MN boosted its stake in shares of Repay by 22.4% during the fourth quarter. Wells Fargo & Company MN now owns 50,903 shares of the company's stock valued at $388,000 after acquiring an additional 9,304 shares during the last quarter. Invesco Ltd. lifted its holdings in Repay by 1.4% in the 4th quarter. Invesco Ltd. now owns 159,371 shares of the company's stock valued at $1,216,000 after purchasing an additional 2,142 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Repay by 6.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,339,948 shares of the company's stock worth $33,114,000 after purchasing an additional 243,743 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Repay by 815.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 18,429 shares of the company's stock worth $141,000 after buying an additional 16,416 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Repay by 15.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 34,600 shares of the company's stock worth $264,000 after buying an additional 4,635 shares in the last quarter. 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.