Repay's (RPAY) "Buy" Rating Reiterated at Canaccord Genuity Group

Repay (NASDAQ:RPAY - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Canaccord Genuity Group in a report issued on Wednesday,Benzinga reports. They currently have a $13.00 target price on the stock. Canaccord Genuity Group's price target suggests a potential upside of 49.94% from the company's current price.

Several other brokerages have also commented on RPAY. Barclays lowered their price objective on Repay from $12.00 to $11.00 and set an "overweight" rating for the company in a research report on Monday, August 12th. Benchmark reissued a "buy" rating and set a $13.00 price objective 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 assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $12.29.

Repay Trading Down 1.4 %

Shares of Repay stock traded down $0.12 on Wednesday, hitting $8.67. The stock had a trading volume of 1,187,655 shares, compared to its average volume of 838,944. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.52. Repay has a one year low of $6.93 and a one year high of $11.27. The stock has a market cap of $847.49 million, a price-to-earnings ratio of -10.75 and a beta of 1.44. The stock's 50-day simple moving average is $8.07 and its two-hundred day simple moving average is $9.12.

Repay (NASDAQ:RPAY - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. The business had revenue of $79.15 million for the quarter, compared to analysts' expectations of $78.97 million. Repay had a negative net margin of 25.53% and a positive return on equity of 8.58%. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 earnings per share. As a group, sell-side analysts predict that Repay will post 0.74 EPS for the current year.

Insiders Place Their Bets

In other Repay news, EVP Jacob Hamilton Moore sold 51,694 shares of the business's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $8.00, for a total value of $413,552.00. Following the completion of the transaction, the executive vice president now owns 140,130 shares of the company's stock, valued at approximately $1,121,040. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders sold 269,524 shares of company stock valued at $2,222,784. 11.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Repay

A number of large investors have recently made changes to their positions in the company. Millrace Asset Group Inc. grew its stake in shares of Repay by 216.7% during the 3rd quarter. Millrace Asset Group Inc. now owns 323,139 shares of the company's stock valued at $2,637,000 after purchasing an additional 221,102 shares during the period. Quantbot Technologies LP bought a new position in shares of Repay during the 3rd quarter valued at approximately $601,000. Bank of Montreal Can lifted its holdings in Repay by 8,811.5% in the 3rd quarter. Bank of Montreal Can now owns 1,301,522 shares of the company's stock worth $10,594,000 after purchasing an additional 1,286,917 shares in the last quarter. Westfield Capital Management Co. LP raised its holdings in shares of Repay by 28.2% during the 3rd quarter. Westfield Capital Management Co. LP now owns 43,510 shares of the company's stock worth $355,000 after acquiring an additional 9,570 shares in the last quarter. Finally, Sompo Asset Management Co. Ltd. raised its holdings in shares of Repay by 157.1% during the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 70,190 shares of the company's stock worth $573,000 after acquiring an additional 42,890 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors.

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.