Repay (NASDAQ:RPAY) Stock Picked Up by Analysts at Stephens

Research analysts at Stephens began coverage on shares of Repay (NASDAQ:RPAY) in a report released on Friday, Benzinga reports. The firm set an “equal weight” rating and a $5.00 price target on the stock. Stephens‘s target price points to a potential upside of 21.95% from the stock’s current price.

Several other research firms have also weighed in on RPAY. Weiss Ratings raised Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 20th. UBS Group increased their price objective on Repay from $4.25 to $4.75 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Canaccord Genuity Group decreased their price objective on Repay from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $5.38.

Repay Price Performance

Shares of NASDAQ:RPAY opened at $4.10 on Friday. The company’s fifty day moving average is $4.03 and its two-hundred day moving average is $3.61. The company has a market cap of $390.11 million, a P/E ratio of 6.18 and a beta of 1.92. Repay has a 12-month low of $2.30 and a 12-month high of $4.80. The company has a quick ratio of 1.43, a current ratio of 1.39 and a debt-to-equity ratio of 1.61.

Repay (NASDAQ:RPAY) last issued its earnings results on Monday, November 9th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $153.40 million during the quarter, compared to analysts’ expectations of $151.97 million. Repay had a positive return on equity of 12.79% and a negative net margin of 41.21%. Equities analysts expect that Repay will post 0.88 earnings per share for the current fiscal year.

Insider Transactions at Repay

In other Repay news, General Counsel Tyler Dempsey sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were 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 owned 416,251 shares in the company, valued at $1,977,192.25. This represents a 5.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have sold 75,000 shares of company stock valued at $316,530. 12.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Repay

Several institutional investors and hedge funds have recently modified their holdings of the stock. Essential Partners LLC increased its stake in shares of Repay by 69.8% in the first quarter. Essential Partners LLC now owns 9,612 shares of the company’s stock worth $25,000 after acquiring an additional 3,950 shares during the last quarter. Focus Advisor Solutions LLC raised its holdings in shares of Repay by 69.1% during the third quarter. Focus Advisor Solutions LLC now owns 19,800 shares of the company’s stock worth $72,000 after acquiring an additional 8,094 shares in the last quarter. Caerus Investment Advisors LLC purchased a new stake in shares of Repay during the first quarter worth $31,000. Corient Private Wealth LP purchased a new stake in shares of Repay during the second quarter worth $50,000. Finally, Chicago Partners Investment Group LLC acquired a new stake in Repay during the first quarter valued at $36,000. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

About Repay

Repay Holdings Corporation, known as REPAY, provides payment processing technology that helps businesses accept and manage electronic payments. Its platform supports card payments and automated clearing house (ACH) transactions, including payments made online, by phone and in person. The company focuses on software-integrated payment solutions for industries such as consumer finance, healthcare, education, automotive and property management. REPAY works with businesses and software providers to connect payment processing with their existing systems.