Repay (NASDAQ:RPAY – Get Free Report) had its price objective reduced by research analysts at Canaccord Genuity Group from $8.00 to $7.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group‘s price target would indicate a potential upside of 55.90% from the stock’s current price.
RPAY has been the topic of a number of other research reports. Weiss Ratings upgraded Repay from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 20th. DA Davidson reaffirmed a “buy” rating and issued a $6.00 price target on shares of Repay in a report on Wednesday, July 15th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Repay has a consensus rating of “Hold” and an average target price of $5.08.
Read Our Latest Research Report on RPAY
Repay Trading Up 2.0%
Shares of NASDAQ:RPAY opened at $4.49 on Tuesday. The company has a market cap of $427.22 million, a PE ratio of 7.42 and a beta of 1.92. The company’s 50 day moving average is $4.00 and its two-hundred day moving average is $3.60. Repay has a 52 week low of $2.30 and a 52 week high of $4.80. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 1.60.
Repay (NASDAQ:RPAY – Get Free Report) last posted its earnings results on Monday, November 9th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Repay had a positive return on equity of 11.03% and a negative net margin of 49.57%. The firm had revenue of $153.40 million for the quarter, compared to analyst estimates of $151.97 million. Equities analysts predict that Repay will post 0.88 earnings per share for the current fiscal year.
Insider Activity
In related news, General Counsel Tyler Dempsey sold 25,000 shares of the company’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $4.75, for a total value of $118,750.00. Following the completion of the sale, the general counsel directly owned 416,251 shares of the company’s stock, valued at $1,977,192.25. This represents a 5.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 75,000 shares of company stock valued at $316,530. 12.00% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Repay
Several large investors have recently modified their holdings of the company. HB Wealth Management LLC boosted its holdings in Repay by 4.6% during the first quarter. HB Wealth Management LLC now owns 78,151 shares of the company’s stock worth $203,000 after buying an additional 3,452 shares in the last quarter. Essential Partners LLC grew its position in Repay by 69.8% during the first quarter. Essential Partners LLC now owns 9,612 shares of the company’s stock worth $25,000 after buying an additional 3,950 shares during the period. Caerus Investment Advisors LLC purchased a new position in Repay in the first quarter valued at about $31,000. Corient Private Wealth LP purchased a new position in Repay in the second quarter valued at about $50,000. Finally, Chicago Partners Investment Group LLC acquired a new stake in shares of Repay during the 1st quarter valued at approximately $36,000. 82.73% of the stock is owned by institutional investors and hedge funds.
Repay Company Profile
Repay Holdings Corporation, operating under the REPAY brand, is a payments technology company that provides integrated payment processing and accounts receivable solutions to businesses and organizations in specialized industries. Its platform is designed to help clients accept, manage and reconcile electronic payments through a range of digital and automated tools.
REPAY’s services include credit and debit card processing, ACH payments, electronic funds transfers, recurring payments, online and mobile payment acceptance, payment disbursements, invoicing and accounts receivable management.
Featured Stories
- Five stocks we like better than Repay
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
Receive News & Ratings for Repay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Repay and related companies with MarketBeat.com's FREE daily email newsletter.
