Repay (NASDAQ:RPAY – Get Free Report)‘s stock had its “buy” rating reaffirmed by investment analysts at DA Davidson in a note issued to investors on Wednesday,Benzinga reports. They presently have a $6.00 price objective on the stock. DA Davidson’s price target would indicate a potential upside of 52.67% from the company’s current price.
Several other equities analysts have also commented on the company. Morgan Stanley decreased their price target on Repay from $4.00 to $3.50 and set an “equal weight” rating on the stock in a research note on Tuesday, March 10th. UBS Group boosted their price objective on Repay from $3.50 to $3.75 and gave the company a “neutral” rating in a report on Thursday, May 7th. Canaccord Genuity Group cut their price objective on Repay from $12.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, March 16th. Weiss Ratings downgraded Repay from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. Finally, Benchmark cut their price objective on Repay from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Three investment 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, Repay presently has a consensus rating of “Hold” and an average price target of $5.25.
View Our Latest Analysis on Repay
Repay Stock Performance
Repay (NASDAQ:RPAY – Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.22 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 analyst estimates of $80.48 million. Equities analysts forecast that Repay will post 0.73 earnings per share for the current year.
Institutional Investors Weigh In On Repay
Several large investors have recently bought and sold shares of the stock. HB Wealth Management LLC increased its holdings in Repay by 4.6% during 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 increased its holdings in Repay by 69.8% during 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 stake in Repay during the 3rd quarter worth about $26,000. Blair William & Co. IL increased its holdings in Repay by 18.5% during 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 increased its holdings in Repay by 56.2% during 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. Hedge funds and other institutional investors own 82.73% of the company’s stock.
Repay Company Profile
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.
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