Keefe, Bruyette & Woods Reiterates “Market Perform” Rating for Repay (NASDAQ:RPAY)

Repay (NASDAQ:RPAY)‘s stock had its “market perform” rating reiterated by analysts at Keefe, Bruyette & Woods in a research note issued on Wednesday, Benzinga reports. They presently have a $11.00 price objective on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 16.77% from the stock’s current price.

Several other equities research analysts also recently issued reports on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a $13.00 price objective on shares of Repay in a research note on Friday, May 10th. Benchmark restated a “buy” rating and issued a $13.00 target price on shares of Repay in a research note on Friday, May 24th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $16.00 price target on shares of Repay in a report on Tuesday, April 30th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $10.63.

Repay Stock Down 7.7 %

Shares of NASDAQ RPAY opened at $9.42 on Wednesday. The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $957.35 million, a price-to-earnings ratio of -9.61 and a beta of 1.43. The firm has a 50-day moving average price of $10.30 and a 200 day moving average price of $9.46. Repay has a 52 week low of $5.63 and a 52 week high of $11.27.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sunriver Management LLC raised its holdings in shares of Repay by 15.4% in the fourth quarter. Sunriver Management LLC now owns 4,477,770 shares of the company’s stock valued at $38,240,000 after buying an additional 597,059 shares during the last quarter. CenterBook Partners LP grew its position in shares of Repay by 25.8% in the 4th quarter. CenterBook Partners LP now owns 688,703 shares of the company’s stock valued at $5,882,000 after purchasing an additional 141,414 shares during the period. G2 Investment Partners Management LLC acquired a new position in shares of Repay in the 4th quarter valued at approximately $7,303,000. Azora Capital LP lifted its stake in Repay by 24.9% in the 4th quarter. Azora Capital LP now owns 2,701,300 shares of the company’s stock valued at $23,069,000 after acquiring an additional 538,893 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in Repay by 19.7% in the 3rd quarter. Hsbc Holdings PLC now owns 22,312 shares of the company’s stock valued at $171,000 after acquiring an additional 3,669 shares in the last quarter. 82.73% of the stock is owned by institutional investors.

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.