In a report released yesterday, Joseph Vafi from Canaccord Genuity maintained a Buy rating on Repay Holdings (RPAY), with a price target of $26.00. The company’s shares closed last Friday at $23.04, close to its 52-week high of $23.70.
According to TipRanks.com, Vafi is a 5-star analyst with an average return of 21.4% and a 69.5% success rate. Vafi covers the Technology sector, focusing on stocks such as Fidelity National Info, Paypal Holdings, and Coupa Software.
Currently, the analyst consensus on Repay Holdings is a Strong Buy with an average price target of $20.83, which is a -8.0% downside from current levels. In a report issued on May 18, BTIG also reiterated a Buy rating on the stock with a $25.00 price target.
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Based on Repay Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $39.46 million and GAAP net loss of $3.43 million. In comparison, last year the company earned revenue of $23.02 million and had a net profit of $4.86 million.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RPAY in relation to earlier this year.
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Repay Holdings Corp. engages in the provision of integrated payment processing solutions to verticals that have specific transaction processing needs. The company is headquartered in Atlanta, GA.