Repay (NASDAQ:RPAY) Price Target Cut to $8.00 by Analysts at Canaccord Genuity Group

Repay (NASDAQ:RPAY) had its price objective decreased by Canaccord Genuity Group from $12.00 to $8.00 in a research report report published on Monday,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other research analysts have also recently commented on the company. Benchmark reduced their target price on Repay from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. DA Davidson reaffirmed a “buy” rating and set a $9.00 price target on shares of Repay in a research note on Tuesday, March 10th. Morgan Stanley cut their price objective on Repay from $4.00 to $3.50 and set an “equal weight” rating for the company in a report on Tuesday, March 10th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Repay in a research report on Monday, December 29th. Finally, UBS Group decreased their price objective on Repay from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Wednesday, March 11th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.69.

Repay Price Performance

RPAY stock opened at $2.66 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.82 and a quick ratio of 0.82. Repay has a one year low of $2.56 and a one year high of $6.05. The stock has a market cap of $242.99 million, a PE ratio of -0.88 and a beta of 1.64. The firm has a 50 day simple moving average of $3.27 and a two-hundred day simple moving average of $3.99.

Repay (NASDAQ:RPAY) last issued its quarterly earnings results on Monday, March 9th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $78.59 million during the quarter, compared to the consensus estimate of $76.79 million. During the same period in the previous year, the company earned $0.24 EPS. Repay’s quarterly revenue was up .4% on a year-over-year basis. On average, analysts predict that Repay will post 0.72 EPS for the current fiscal year.

Institutional Trading of Repay

Several hedge funds have recently added to or reduced their stakes in the business. Pacific Ridge Capital Partners LLC bought a new position in shares of Repay during the third quarter valued at about $3,229,000. American Century Companies Inc. increased its holdings in shares of Repay by 45.5% in the second quarter. American Century Companies Inc. now owns 6,440,443 shares of the company’s stock worth $31,043,000 after buying an additional 2,013,128 shares during the period. Villanova Investment Management Co LLC lifted its stake in shares of Repay by 221.8% in the 2nd quarter. Villanova Investment Management Co LLC now owns 415,394 shares of the company’s stock valued at $2,002,000 after acquiring an additional 286,295 shares during the last quarter. Portolan Capital Management LLC bought a new stake in shares of Repay in the 3rd quarter valued at about $11,417,000. Finally, Private Management Group Inc. boosted its holdings in Repay by 57.3% during the 2nd quarter. Private Management Group Inc. now owns 4,175,111 shares of the company’s stock valued at $20,124,000 after acquiring an additional 1,520,432 shares during the period. 82.73% of the stock is owned by institutional investors.

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.