Repay (NASDAQ:RPAY) Receives “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Repay (NASDAQ:RPAY) in a research report released on Wednesday morning,Benzinga reports. Canaccord Genuity Group currently has a $13.00 price objective on the stock.

A number of other equities analysts also recently issued reports on RPAY. Barclays lowered their price target on Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. Benchmark reiterated a “buy” rating and set a $13.00 target price on shares of Repay in a research report on Tuesday, August 13th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $12.29.

Repay Stock Down 1.8 %

Repay stock opened at $7.85 on Wednesday. Repay has a 52 week low of $7.03 and a 52 week high of $11.27. The business’s 50-day moving average price is $8.06 and its 200 day moving average price is $9.09. The company has a quick ratio of 3.83, a current ratio of 2.70 and a debt-to-equity ratio of 0.64.

Repay (NASDAQ:RPAY) last posted its earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The firm had revenue of $79.15 million during the quarter, compared to analyst estimates of $78.97 million. During the same period in the previous year, the firm earned $0.16 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. Sell-side analysts predict that Repay will post 0.74 EPS for the current fiscal year.

Insider Activity

In other news, EVP Jacob Hamilton Moore sold 210,632 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $8.31, for a total value of $1,750,351.92. Following the completion of the sale, the executive vice president now directly owns 240,130 shares in the company, valued at $1,995,480.30. This represents a 46.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 269,524 shares of company stock worth $2,222,784 over the last quarter. 11.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Repay

Large investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its holdings in shares of Repay by 340.0% during the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock worth $29,000 after purchasing an additional 2,771 shares during the last quarter. nVerses Capital LLC acquired a new position in Repay during the third quarter worth $59,000. Point72 DIFC Ltd purchased a new stake in Repay in the 3rd quarter valued at $99,000. Entropy Technologies LP acquired a new stake in shares of Repay in the 3rd quarter worth $109,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Repay during the 2nd quarter worth $142,000. 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.