Wall Street Zen Downgrades Repay (NASDAQ:RPAY) to Hold

Repay (NASDAQ:RPAY) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Thursday.

Several other research analysts have also recently issued reports on RPAY. Morgan Stanley set a $4.50 price target on Repay in a research note on Wednesday, May 14th. Canaccord Genuity Group decreased their price target on Repay from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. DA Davidson reissued a “buy” rating and issued a $14.00 price target on shares of Repay in a research note on Thursday, February 27th. Keefe, Bruyette & Woods decreased their price target on Repay from $6.50 to $4.50 and set a “market perform” rating for the company in a research note on Tuesday, May 13th. Finally, UBS Group decreased their price target on Repay from $7.50 to $4.50 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Repay has a consensus rating of “Moderate Buy” and a consensus price target of $7.90.

Repay Price Performance

Shares of NASDAQ RPAY opened at $4.33 on Thursday. Repay has a 1-year low of $3.59 and a 1-year high of $11.27. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. The business’s fifty day moving average price is $4.66 and its two-hundred day moving average price is $6.54. The firm has a market capitalization of $430.58 million, a PE ratio of -4.98 and a beta of 1.61.

Repay (NASDAQ:RPAY) last released its quarterly earnings results on Monday, May 12th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The business had revenue of $77.33 million during the quarter, compared to the consensus estimate of $76.06 million. During the same period in the previous year, the company posted $0.23 EPS. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, research analysts expect that Repay will post 0.72 EPS for the current year.

Repay declared that its Board of Directors has authorized a stock buyback plan on Monday, May 12th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to reacquire up to 19% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Repay

In related news, CEO John Andrew Sr. Morris purchased 86,761 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The stock was acquired at an average price of $3.89 per share, for a total transaction of $337,500.29. Following the transaction, the chief executive officer now directly owns 86,761 shares of the company’s stock, valued at $337,500.29. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Shaler Alias purchased 15,378 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The stock was bought at an average price of $3.93 per share, with a total value of $60,435.54. Following the transaction, the president now directly owns 264,782 shares in the company, valued at $1,040,593.26. This trade represents a 6.17% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 439,702 shares of company stock valued at $1,806,974 over the last 90 days. 12.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Repay

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. boosted its position in shares of Repay by 57.9% in the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock valued at $46,000 after purchasing an additional 2,077 shares during the period. Invesco Ltd. boosted its position in shares of Repay by 1.4% in the 4th quarter. Invesco Ltd. now owns 159,371 shares of the company’s stock valued at $1,216,000 after purchasing an additional 2,142 shares during the period. Bailard Inc. boosted its position in shares of Repay by 5.7% in the 4th quarter. Bailard Inc. now owns 42,600 shares of the company’s stock valued at $325,000 after purchasing an additional 2,300 shares during the period. Spire Wealth Management lifted its stake in Repay by 52.5% in the 1st quarter. Spire Wealth Management now owns 7,610 shares of the company’s stock worth $42,000 after acquiring an additional 2,620 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Repay by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 27,913 shares of the company’s stock worth $155,000 after acquiring an additional 2,802 shares during the period. Institutional investors and hedge funds own 82.73% of the company’s stock.

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.