Repay (NASDAQ:RPAY) Earns "Buy" Rating from Canaccord Genuity Group

Key Points

• Canaccord Genuity reaffirmed a “Buy” rating on Repay and set an $8.00 price target, implying nearly 118% upside from the stock’s $3.67 price at the time of the report.
• Analyst sentiment is mixed: Repay has an average “Hold” rating and a consensus price target of $5.25, with three Buy, three Hold and one Sell ratings.
• Repay’s latest quarterly results slightly missed expectations, reporting $0.20 in EPS versus $0.21 forecast and $100.71 million in revenue versus $101.86 million expected; institutional investors own 82.73% of the stock.

Repay (NASDAQ:RPAY - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at Canaccord Genuity Group in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $8.00 price target on the stock. Canaccord Genuity Group's target price would suggest a potential upside of 117.98% from the stock's current price.

A number of other research analysts have also weighed in on the stock. Weiss Ratings lowered shares of Repay from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Thursday, August 6th. DA Davidson reissued a "buy" rating and set a $6.00 target price on shares of Repay in a research report on Wednesday, July 15th. UBS Group upped their target price on shares of Repay from $3.75 to $4.25 and gave the stock a "neutral" rating in a report on Wednesday, June 3rd. Finally, Stephens cut shares of Repay from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $7.00 to $3.75 in a research report on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $5.25.

Repay Price Performance

Shares of NASDAQ:RPAY opened at $3.67 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 1.60. Repay has a twelve month low of $2.30 and a twelve month high of $6.05. The stock's 50 day moving average is $3.79 and its 200-day moving average is $3.44. The firm has a market capitalization of $348.50 million, a price-to-earnings ratio of -1.80 and a beta of 1.83.

Repay (NASDAQ:RPAY - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $100.71 million during the quarter, compared to analyst estimates of $101.86 million. Repay had a negative net margin of 49.57% and a positive return on equity of 11.03%. Sell-side analysts forecast that Repay will post 0.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Repay

Large investors have recently bought and sold shares of the stock. Essential Partners LLC grew its stake in shares of Repay by 69.8% in the 1st quarter. Essential Partners LLC now owns 9,612 shares of the company's stock worth $25,000 after acquiring an additional 3,950 shares in the last quarter. Quarry LP purchased a new stake in shares of Repay in the third quarter valued at about $26,000. Krilogy Financial LLC bought a new position in shares of Repay during the first quarter valued at about $29,000. Caerus Investment Advisors LLC bought a new position in shares of Repay during the first quarter valued at about $31,000. Finally, Chicago Partners Investment Group LLC purchased a new position in Repay during the first quarter worth about $36,000. 82.73% of the stock is currently owned by institutional investors.

Repay Company Profile

Repay Holdings Corp. Nasdaq: RPAY is a specialized financial technology company that delivers integrated payment solutions to businesses operating within key vertical markets. The company's platform enables merchants and service providers to accept a range of payment types, including credit and debit cards, automated clearing house (ACH) transfers and electronic checks. Repay's offerings are designed to seamlessly integrate with third-party software applications, such as enterprise resource planning, customer relationship management and point-of-sale systems, empowering industries such as utilities, telecommunications, automotive finance, healthcare, insurance, property management and education.

Tracing its roots to the formation of Pinnacle Payment Systems in 1997, Repay expanded its capabilities through strategic acquisitions, including Southeastern Integrated Solutions and Payliance, before completing a business combination with Thunder Bridge Acquisition II in 2019 to become a publicly traded company on the Nasdaq.

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