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

DA Davidson restated their buy rating on shares of Repay (NASDAQ:RPAY) in a report issued on Tuesday, Benzinga reports. They currently have a $16.00 target price on the stock.

Several other equities research analysts have also issued reports on RPAY. Keefe, Bruyette & Woods reaffirmed a market perform rating and issued a $11.00 price objective on shares of Repay in a research note on Wednesday, July 3rd. Canaccord Genuity Group reaffirmed a buy rating and issued a $13.00 price objective on shares of Repay in a research note on Friday, May 10th. Finally, Benchmark reaffirmed a buy rating and issued a $13.00 price objective on shares of Repay in a research note on Friday, May 24th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $10.63.

Repay Trading Up 3.5 %

Shares of NASDAQ:RPAY opened at $9.49 on Tuesday. The firm has a fifty day moving average of $10.22 and a two-hundred day moving average of $9.50. Repay has a 12-month low of $5.63 and a 12-month high of $11.27. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.44 and a quick ratio of 3.44.

Repay (NASDAQ:RPAY) last issued its earnings results on Thursday, May 9th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. Repay had a negative net margin of 29.49% and a positive return on equity of 7.74%. The company had revenue of $80.72 million during the quarter, compared to analyst estimates of $80.24 million. Equities analysts predict that Repay will post 0.72 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Spire Wealth Management bought a new stake in Repay in the fourth quarter valued at about $34,000. Quest Partners LLC bought a new stake in Repay in the fourth quarter valued at about $56,000. Oak Thistle LLC bought a new stake in Repay in the fourth quarter valued at about $103,000. Bfsg LLC bought a new stake in Repay in the fourth quarter valued at about $119,000. Finally, ProShare Advisors LLC increased its stake in Repay by 8.5% in the first quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock valued at $164,000 after acquiring an additional 1,174 shares during the period. Institutional investors own 82.73% of the company’s stock.

About Repay

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.