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

Repay (NASDAQ:RPAY)‘s stock had its “buy” rating reiterated by Benchmark in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $13.00 price objective on the stock. Benchmark’s target price would suggest a potential upside of 31.85% from the stock’s current price.

Other research analysts also recently issued reports about the company. Keefe, Bruyette & Woods increased their target price on Repay from $8.50 to $9.50 and gave the company a “market perform” rating in a research report on Monday, March 4th. Canaccord Genuity Group restated a “buy” rating and issued a $13.00 price target on shares of Repay in a research report on Friday, May 10th. DA Davidson restated a “buy” rating and issued a $16.00 price target on shares of Repay in a research report on Tuesday, April 30th. Finally, Truist Financial restated a “buy” rating and issued a $13.00 price target (up from $10.00) on shares of Repay in a research report on Monday, March 4th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Repay currently has an average rating of “Hold” and an average price target of $10.50.

Repay Stock Performance

Repay stock traded up $0.03 during midday trading on Friday, hitting $9.86. The stock had a trading volume of 38,526 shares, compared to its average volume of 610,513. Repay has a 52-week low of $5.63 and a 52-week high of $11.22. The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $1.01 billion, a PE ratio of -10.01 and a beta of 1.36. The firm’s fifty day moving average is $10.30 and its two-hundred day moving average is $8.83.

Repay (NASDAQ:RPAY) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.03. Repay had a positive return on equity of 7.74% and a negative net margin of 29.49%. The business had revenue of $75.99 million during the quarter, compared to the consensus estimate of $69.94 million. On average, research analysts forecast that Repay will post 0.73 EPS for the current year.

Insiders Place Their Bets

In other Repay news, CFO Timothy John Murphy sold 58,275 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $11.03, for a total value of $642,773.25. Following the sale, the chief financial officer now owns 506,924 shares in the company, valued at $5,591,371.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 116,019 shares of company stock worth $1,220,382 over the last quarter. Company insiders own 11.00% of the company’s stock.

Hedge Funds Weigh In On Repay

Several institutional investors have recently made changes to their positions in RPAY. Principal Financial Group Inc. increased its stake in shares of Repay by 51.3% during the third quarter. Principal Financial Group Inc. now owns 57,734 shares of the company’s stock valued at $438,000 after buying an additional 19,584 shares during the period. Swiss National Bank increased its stake in shares of Repay by 3.6% during the third quarter. Swiss National Bank now owns 173,283 shares of the company’s stock valued at $1,315,000 after buying an additional 6,000 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Repay by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 594,550 shares of the company’s stock valued at $4,513,000 after buying an additional 16,063 shares during the period. Blair William & Co. IL increased its stake in shares of Repay by 1.4% during the third quarter. Blair William & Co. IL now owns 460,127 shares of the company’s stock valued at $3,492,000 after buying an additional 6,455 shares during the period. Finally, Hsbc Holdings PLC increased its stake in shares of Repay by 19.7% during the third quarter. Hsbc Holdings PLC now owns 22,312 shares of the company’s stock valued at $171,000 after buying an additional 3,669 shares during the period. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Repay Company Profile

Repay Holdings Corporation, payments technology company, provides integrated payment processing solutions to industry-oriented markets in the United States. It operates through two segments: Consumer Payments and Business Payments. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods.