Repay (NASDAQ:RPAY) Given Buy Rating at DA Davidson

DA Davidson restated their buy rating on shares of Repay (NASDAQ:RPAY) in a research report report published on Wednesday, Marketbeat Ratings reports. They currently have a $6.00 price target on the stock.

Several other analysts also recently issued reports on the company. Weiss Ratings downgraded Repay from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. Stephens downgraded Repay from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $7.00 to $3.75 in a research report on Tuesday, May 5th. UBS Group upped their target price on Repay from $3.50 to $3.75 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Benchmark dropped their target price on Repay from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Finally, Canaccord Genuity Group dropped their target price on Repay from $12.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, March 16th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.32.

Repay Stock Down 7.1%

RPAY opened at $3.65 on Wednesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.79 and a current ratio of 1.79. Repay has a one year low of $2.30 and a one year high of $6.05. The business’s fifty day moving average is $3.38 and its two-hundred day moving average is $3.35. The company has a market cap of $346.60 million, a price-to-earnings ratio of -1.19 and a beta of 1.86.

Repay (NASDAQ:RPAY) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Repay had a positive return on equity of 10.45% and a negative net margin of 82.73%.The business had revenue of $80.79 million for the quarter, compared to the consensus estimate of $80.48 million. Analysts anticipate that Repay will post 0.73 EPS for the current fiscal year.

Hedge Funds Weigh In On Repay

A number of large investors have recently modified their holdings of the company. HB Wealth Management LLC raised its holdings in shares of Repay by 4.6% in the 1st quarter. HB Wealth Management LLC now owns 78,151 shares of the company’s stock worth $203,000 after purchasing an additional 3,452 shares during the period. Essential Partners LLC raised its holdings 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 purchasing an additional 3,950 shares during the period. Quarry LP purchased a new position in shares of Repay in the 3rd quarter worth about $26,000. Blair William & Co. IL raised its holdings in shares of Repay by 18.5% in the 4th quarter. Blair William & Co. IL now owns 41,044 shares of the company’s stock worth $150,000 after purchasing an additional 6,409 shares during the period. Finally, Merit Financial Group LLC raised its holdings in shares of Repay by 56.2% in the 3rd quarter. Merit Financial Group LLC now owns 19,551 shares of the company’s stock worth $102,000 after purchasing an additional 7,036 shares during the period. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

About Repay

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.