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

Repay (NASDAQ:RPAY)‘s stock had its “buy” rating reissued by DA Davidson in a report issued on Tuesday,Benzinga reports. They currently have a $6.00 price objective on the stock. DA Davidson’s target price suggests a potential upside of 42.01% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Morgan Stanley cut their price objective on shares of Repay from $4.00 to $3.50 and set an “equal weight” rating on the stock in a report on Tuesday, March 10th. Stephens lowered shares of Repay from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $7.00 to $3.75 in a report on Tuesday, May 5th. Weiss Ratings upgraded shares of Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 15th. Canaccord Genuity Group cut their price target on Repay from $12.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. Finally, UBS Group raised their price target on Repay from $3.75 to $4.25 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Repay currently has an average rating of “Hold” and an average price target of $5.32.

Repay Trading Down 0.8%

Shares of RPAY traded down $0.04 during trading hours on Tuesday, hitting $4.22. 264,098 shares of the stock traded hands, compared to its average volume of 1,303,337. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.82. Repay has a 1-year low of $2.30 and a 1-year high of $6.05. The firm has a market capitalization of $401.21 million, a PE ratio of -1.38 and a beta of 1.86. The business has a fifty day moving average of $3.58 and a 200-day moving average of $3.36.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. Repay had a positive return on equity of 10.45% and a negative net margin of 82.73%.The firm had revenue of $80.79 million during the quarter, compared to analyst estimates of $80.48 million. Analysts expect that Repay will post 0.66 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. HB Wealth Management LLC boosted its stake in Repay by 4.6% in the 1st quarter. HB Wealth Management LLC now owns 78,151 shares of the company’s stock worth $203,000 after purchasing an additional 3,452 shares during the period. Essential Partners LLC raised 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 purchasing an additional 3,950 shares during the period. Quarry LP bought a new stake in shares of Repay in the third quarter valued at about $26,000. Blair William & Co. IL lifted its holdings in shares of Repay by 18.5% in the fourth quarter. Blair William & Co. IL now owns 41,044 shares of the company’s stock valued at $150,000 after purchasing an additional 6,409 shares in the last quarter. Finally, Merit Financial Group LLC boosted its position in shares of Repay by 56.2% during the third quarter. Merit Financial Group LLC now owns 19,551 shares of the company’s stock worth $102,000 after buying an additional 7,036 shares during the period. 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.