Repay Holdings’ Kubra acquisition a ‘major deal for company’, says DA Davidson

DA Davidson analyst Peter Heckmann keeps a Buy rating and $8 price target on Repay Holdings (RPAY) while noting that the company’s agreement to acquire Kubra Data Transfer for $372M in cash is a “major deal”. The transaction will raise their financial leverage and bring some integration risks, but the firm believes Kubra’s operations will complement Repay’s existing strong presence in loan repayment, the analyst tells investors in a research note.