Repay’s (RPAY) “Buy” Rating Reaffirmed at DA Davidson

DA Davidson reaffirmed their buy rating on shares of Repay (NASDAQ:RPAY) in a research report released on Thursday,Benzinga reports. The brokerage currently has a $14.00 price objective on the stock.

A number of other brokerages also recently issued reports on RPAY. Keefe, Bruyette & Woods reduced their price objective on shares of Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a research report on Monday, January 6th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Repay in a research report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Repay currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

Repay Trading Up 0.4 %

Shares of RPAY stock opened at $7.21 on Thursday. Repay has a 52-week low of $7.08 and a 52-week high of $11.27. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. The company has a 50-day simple moving average of $7.48 and a two-hundred day simple moving average of $7.90. The company has a market capitalization of $703.93 million, a price-to-earnings ratio of -8.29 and a beta of 1.43.

Insider Activity

In related news, CFO Timothy John Murphy sold 57,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total transaction of $470,250.00. Following the sale, the chief financial officer now directly owns 450,879 shares in the company, valued at approximately $3,719,751.75. This represents a 11.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 11.00% of the company’s stock.

Institutional Trading of Repay

Institutional investors have recently modified their holdings of the business. PharVision Advisers LLC purchased a new stake in Repay in the 4th quarter worth approximately $114,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Repay by 3.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,927 shares of the company’s stock valued at $1,029,000 after buying an additional 4,980 shares in the last quarter. Sovereign s Capital Management LLC purchased a new stake in shares of Repay during the 4th quarter valued at $4,408,000. Squarepoint Ops LLC raised its position in shares of Repay by 32.2% during the 4th quarter. Squarepoint Ops LLC now owns 295,408 shares of the company’s stock valued at $2,254,000 after buying an additional 72,026 shares in the last quarter. Finally, Two Sigma Advisers LP raised its position in shares of Repay by 290.0% during the 4th quarter. Two Sigma Advisers LP now owns 62,400 shares of the company’s stock valued at $476,000 after buying an additional 46,400 shares in the last quarter. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

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.