Repay (NASDAQ:RPAY) Price Target Raised to $4.75

Repay (NASDAQ:RPAY) had its price target raised by UBS Group from $4.25 to $4.75 in a research note released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts have also issued research reports about the stock. DA Davidson restated a “buy” rating and issued a $6.00 price target on shares of Repay in a research note on Wednesday, July 15th. Weiss Ratings upgraded Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 20th. 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 report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.17.

Repay Stock Down 2.4%

Repay stock opened at $4.10 on Tuesday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.43 and a current ratio of 1.39. Repay has a one year low of $2.30 and a one year high of $4.80. The company has a 50-day simple moving average of $4.03 and a 200-day simple moving average of $3.61. The firm has a market capitalization of $390.11 million, a P/E ratio of 6.18 and a beta of 1.92.

Repay (NASDAQ:RPAY) last issued its quarterly earnings data on Monday, November 9th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $153.40 million for the quarter, compared to the consensus estimate of $151.97 million. Repay had a negative net margin of 41.21% and a positive return on equity of 12.79%. As a group, equities analysts expect that Repay will post 0.88 earnings per share for the current year.

Insider Transactions at Repay

In other Repay news, General Counsel Tyler Dempsey sold 25,000 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $4.75, for a total transaction of $118,750.00. Following the completion of the transaction, the general counsel directly owned 416,251 shares of the company’s stock, valued at approximately $1,977,192.25. This trade represents a 5.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 75,000 shares of company stock worth $316,530. Company insiders own 12.00% of the company’s stock.

Institutional Trading of Repay

Several institutional investors have recently modified their holdings of the company. HB Wealth Management LLC grew its holdings in Repay by 4.6% during the first quarter. HB Wealth Management LLC now owns 78,151 shares of the company’s stock worth $203,000 after acquiring an additional 3,452 shares during the period. Essential Partners LLC raised its position in 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 in the last quarter. Focus Advisor Solutions LLC lifted its holdings in Repay by 69.1% in the 3rd quarter. Focus Advisor Solutions LLC now owns 19,800 shares of the company’s stock valued at $72,000 after acquiring an additional 8,094 shares during the last quarter. Caerus Investment Advisors LLC acquired a new stake in Repay in the 1st quarter valued at about $31,000. Finally, Corient Private Wealth LP acquired a new stake in Repay in the 2nd quarter valued at about $50,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

Repay Company Profile

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.