Repay (NASDAQ:RPAY) Earns "Overweight" Rating from Stephens

Repay (NASDAQ:RPAY - Get Free Report)'s stock had its "overweight" rating reiterated by equities research analysts at Stephens in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $11.00 price objective on the stock. Stephens' target price would suggest a potential upside of 87.39% from the company's current price.

Several other equities analysts have also weighed in on the stock. DA Davidson reaffirmed a "buy" rating and set a $14.00 price objective on shares of Repay in a research report on Thursday, February 27th. Keefe, Bruyette & Woods reduced their price target on Repay from $9.00 to $8.00 and set a "market perform" rating for the company in a research report on Monday, January 6th. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $13.00 price objective on shares of Repay in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $10.56.

Repay Stock Down 1.5 %

NASDAQ RPAY traded down $0.09 on Tuesday, reaching $5.87. The stock had a trading volume of 1,319,508 shares, compared to its average volume of 534,755. Repay has a 1 year low of $5.82 and a 1 year high of $11.27. The business has a 50 day moving average price of $7.36 and a 200 day moving average price of $7.84. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $573.11 million, a price-to-earnings ratio of -6.75 and a beta of 1.54.

Remove Ads

Insider Buying and Selling

In related news, CFO Timothy John Murphy sold 57,000 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total transaction of $470,250.00. Following the transaction, the chief financial officer now owns 450,879 shares of the company's stock, valued at approximately $3,719,751.75. The trade was a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.00% of the stock is owned by insiders.

Institutional Trading of Repay

Several hedge funds and other institutional investors have recently bought and sold shares of RPAY. Quarry LP bought a new stake in shares of Repay in the fourth quarter valued at about $27,000. R Squared Ltd acquired a new position in Repay in the 4th quarter valued at approximately $36,000. Blue Trust Inc. lifted its position in shares of Repay by 57.9% in the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company's stock worth $46,000 after acquiring an additional 2,077 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of Repay during the 4th quarter worth approximately $47,000. Finally, Olympiad Research LP bought a new stake in shares of Repay during the fourth quarter valued at approximately $80,000. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Repay Company Profile

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.