Repay (NASDAQ:RPAY) Given New $3.50 Price Target at UBS Group

Repay (NASDAQ:RPAY) had its price target reduced by analysts at UBS Group from $4.00 to $3.50 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price would indicate a potential upside of 23.46% from the company’s previous close.

RPAY has been the topic of several other reports. Canaccord Genuity Group reiterated a “buy” rating and issued a $12.00 price objective on shares of Repay in a research note on Tuesday, November 11th. Wall Street Zen cut Repay from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Morgan Stanley cut their target price on shares of Repay from $4.00 to $3.50 and set an “equal weight” rating on the stock in a research note on Tuesday. Benchmark lowered their price target on shares of Repay from $8.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday. Finally, DA Davidson reiterated a “buy” rating and issued a $9.00 price target on shares of Repay in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $6.14.

Repay Trading Down 6.7%

NASDAQ:RPAY traded down $0.21 on Wednesday, reaching $2.84. The company’s stock had a trading volume of 1,337,058 shares, compared to its average volume of 1,117,293. Repay has a 12-month low of $2.70 and a 12-month high of $6.05. The stock has a 50 day moving average price of $3.34 and a 200 day moving average price of $4.08. The firm has a market cap of $258.98 million, a price-to-earnings ratio of -0.94 and a beta of 1.64. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.45.

Repay (NASDAQ:RPAY) last issued its quarterly earnings data on Monday, March 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.02). Repay had a negative net margin of 83.01% and a positive return on equity of 8.63%. The company had revenue of $78.59 million during the quarter, compared to analysts’ expectations of $76.79 million. During the same quarter last year, the firm posted $0.24 earnings per share. The firm’s quarterly revenue was up .4% on a year-over-year basis. On average, equities analysts anticipate that Repay will post 0.72 EPS for the current fiscal year.

Hedge Funds Weigh In On Repay

Several hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd purchased a new position in Repay during the fourth quarter worth $40,000. Alpine Global Management LLC purchased a new stake in Repay in the 4th quarter worth approximately $89,000. Villanova Investment Management Co LLC lifted its stake in shares of Repay by 5.6% during the 4th quarter. Villanova Investment Management Co LLC now owns 628,292 shares of the company’s stock worth $2,293,000 after purchasing an additional 33,144 shares during the period. Invesco Ltd. increased its stake in Repay by 9.9% in the fourth quarter. Invesco Ltd. now owns 216,407 shares of the company’s stock valued at $790,000 after purchasing an additional 19,494 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in Repay during the fourth quarter worth about $382,000. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

Repay Company Profile

Repay Holdings Corp. (Nasdaq: RPAY) is a specialized financial technology company that delivers integrated payment solutions to businesses operating within key vertical markets. The company’s platform enables merchants and service providers to accept a range of payment types, including credit and debit cards, automated clearing house (ACH) transfers and electronic checks. Repay’s offerings are designed to seamlessly integrate with third-party software applications, such as enterprise resource planning, customer relationship management and point-of-sale systems, empowering industries such as utilities, telecommunications, automotive finance, healthcare, insurance, property management and education.

Tracing its roots to the formation of Pinnacle Payment Systems in 1997, Repay expanded its capabilities through strategic acquisitions, including Southeastern Integrated Solutions and Payliance, before completing a business combination with Thunder Bridge Acquisition II in 2019 to become a publicly traded company on the Nasdaq.