DA Davidson Reiterates “Buy” Rating for Repay (NASDAQ:RPAY)

Repay (NASDAQ:RPAY)‘s stock had its “buy” rating reaffirmed by investment analysts at DA Davidson in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $8.00 price target on the stock. DA Davidson’s target price points to a potential upside of 165.78% from the stock’s previous close.

RPAY has been the subject of several other research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Repay in a research note on Monday, December 29th. UBS Group cut their price target on shares of Repay from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Wednesday, March 11th. Canaccord Genuity Group cut their price target on shares of Repay from $12.00 to $8.00 and set a “buy” rating for the company in a report on Monday, March 16th. Morgan Stanley cut their price target on shares of Repay from $4.00 to $3.50 and set an “equal weight” rating for the company in a report on Tuesday, March 10th. Finally, Benchmark cut their price target on shares of Repay from $8.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $5.58.

Repay Stock Up 5.2%

RPAY stock opened at $3.01 on Friday. Repay has a one year low of $2.30 and a one year high of $6.05. The stock has a market capitalization of $274.42 million, a PE ratio of -0.99 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.82 and a current ratio of 0.82. The company has a fifty day moving average of $2.95 and a 200-day moving average of $3.61.

Repay (NASDAQ:RPAY) last released its earnings results on Monday, March 9th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). Repay had a positive return on equity of 9.30% and a negative net margin of 83.01%.The firm had revenue of $78.59 million during the quarter, compared to analyst estimates of $76.79 million. During the same quarter last year, the business posted $0.24 EPS. The firm’s revenue was up .4% on a year-over-year basis. As a group, analysts expect that Repay will post 0.72 EPS for the current year.

Institutional Investors Weigh In On Repay

A number of large investors have recently added to or reduced their stakes in the business. American Century Companies Inc. grew its stake in Repay by 3.5% in the 3rd quarter. American Century Companies Inc. now owns 6,667,792 shares of the company’s stock valued at $34,873,000 after acquiring an additional 227,349 shares during the last quarter. Private Management Group Inc. grew its stake in Repay by 30.5% in the 4th quarter. Private Management Group Inc. now owns 5,412,492 shares of the company’s stock valued at $19,756,000 after acquiring an additional 1,263,399 shares during the last quarter. Sunriver Management LLC grew its stake in Repay by 11.0% in the 4th quarter. Sunriver Management LLC now owns 4,361,524 shares of the company’s stock valued at $15,920,000 after acquiring an additional 433,524 shares during the last quarter. Whetstone Capital Advisors LLC grew its stake in Repay by 1,832.1% in the 4th quarter. Whetstone Capital Advisors LLC now owns 2,728,627 shares of the company’s stock valued at $9,959,000 after acquiring an additional 2,587,400 shares during the last quarter. Finally, Portolan Capital Management LLC acquired a new stake in Repay in the 3rd quarter valued at about $11,417,000. 82.73% of the stock is owned by institutional investors and hedge funds.

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.