Repay’s (RPAY) Buy Rating Reiterated at DA Davidson

DA Davidson reaffirmed their buy rating on shares of Repay (NASDAQ:RPAY) in a report published on Wednesday morning,Benzinga reports. They currently have a $6.00 price target on the stock.

RPAY has been the subject of several other reports. Weiss Ratings lowered Repay from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. UBS Group increased their price objective on Repay from $3.75 to $4.25 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Finally, Stephens cut Repay from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $7.00 to $3.75 in a research note on Tuesday, May 5th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $5.32.

Repay Stock Down 4.4%

Shares of RPAY stock opened at $3.88 on Wednesday. The stock has a fifty day moving average price of $3.66 and a 200 day moving average price of $3.40. The stock has a market cap of $368.44 million, a P/E ratio of -1.27 and a beta of 1.83. Repay has a one year low of $2.30 and a one year high of $6.05. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.79 and a quick ratio of 1.79.

Repay (NASDAQ:RPAY) last posted its earnings results on Monday, May 4th. The company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. The business had revenue of $80.79 million for the quarter, compared to analysts’ expectations of $80.48 million. Repay had a negative net margin of 82.73% and a positive return on equity of 10.45%. Analysts predict that Repay will post 0.66 earnings per share for the current year.

Institutional Investors Weigh In On Repay

A number of institutional investors have recently made changes to their positions in the stock. Quarry LP acquired a new position in Repay in the third quarter valued at about $26,000. Essential Partners LLC increased its stake in shares of Repay by 69.8% in the 1st quarter. Essential Partners LLC now owns 9,612 shares of the company’s stock valued at $25,000 after acquiring an additional 3,950 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Repay by 224.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,433 shares of the company’s stock valued at $50,000 after acquiring an additional 7,217 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Repay in the 4th quarter valued at approximately $40,000. Finally, Jain Global LLC acquired a new stake in shares of Repay in the 4th quarter valued at approximately $40,000. 82.73% of the stock is owned by institutional investors and hedge funds.

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.