Repay’s (RPAY) “Buy” Rating Reaffirmed at DA Davidson

DA Davidson restated their buy rating on shares of Repay (NASDAQ:RPAY) in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a $6.00 price objective on the stock.

Several other analysts have also recently issued reports on the stock. Stephens cut shares of Repay from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $7.00 to $3.75 in a research report on Tuesday, May 5th. 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 research note on Wednesday, June 3rd. Finally, Weiss Ratings downgraded shares of Repay from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $5.32.

Repay Trading Up 4.3%

Shares of Repay stock opened at $4.09 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.79 and a quick ratio of 1.79. The stock’s 50 day simple moving average is $3.64 and its 200-day simple moving average is $3.39. The stock has a market cap of $388.38 million, a P/E ratio of -1.34 and a beta of 1.83. Repay has a 1-year low of $2.30 and a 1-year high of $6.05.

Repay (NASDAQ:RPAY) last posted its earnings results on Monday, May 4th. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $80.79 million for the quarter, compared to analyst estimates of $80.48 million. Repay had a negative net margin of 82.73% and a positive return on equity of 10.45%. Analysts predict that Repay will post 0.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Repay

Several institutional investors have recently added to or reduced their stakes in RPAY. Caerus Investment Advisors LLC purchased a new position in shares of Repay in the 1st quarter valued at approximately $31,000. Essential Partners LLC increased its stake in Repay by 69.8% in the 1st quarter. Essential Partners LLC now owns 9,612 shares of the company’s stock valued at $25,000 after buying an additional 3,950 shares during the period. Bank of America Corp DE raised its position in Repay by 79.6% during the 1st quarter. Bank of America Corp DE now owns 495,656 shares of the company’s stock worth $1,289,000 after buying an additional 219,747 shares during the last quarter. Empowered Funds LLC raised its position in Repay by 9.9% during the 1st quarter. Empowered Funds LLC now owns 510,504 shares of the company’s stock worth $1,327,000 after buying an additional 45,939 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Repay in the 1st quarter worth $217,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

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.