Keefe, Bruyette & Woods Issues Pessimistic Forecast for Repay (NASDAQ:RPAY) Stock Price

Repay (NASDAQ:RPAY) had its target price dropped by Keefe, Bruyette & Woods from $6.50 to $4.50 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 7.40% from the company’s current price.

A number of other equities research analysts also recently commented on RPAY. Canaccord Genuity Group cut their target price on shares of Repay from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Barclays cut their target price on shares of Repay from $9.00 to $6.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. DA Davidson reaffirmed a “buy” rating and issued a $14.00 target price on shares of Repay in a research report on Thursday, February 27th. Stephens reaffirmed an “overweight” rating and issued a $11.00 target price on shares of Repay in a research report on Tuesday, March 4th. Finally, BMO Capital Markets cut their target price on shares of Repay from $10.00 to $8.00 and set a “market perform” rating for the company in a research report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.75.

Repay Price Performance

Shares of RPAY opened at $4.19 on Tuesday. The company has a market capitalization of $408.47 million, a P/E ratio of -4.82 and a beta of 1.61. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. The firm has a 50 day moving average of $4.87 and a 200 day moving average of $6.71. Repay has a twelve month low of $3.59 and a twelve month high of $11.27.

Repay (NASDAQ:RPAY) last posted its earnings results on Monday, May 12th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $77.33 million during the quarter, compared to the consensus estimate of $76.06 million. During the same period last year, the firm posted $0.23 EPS. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. As a group, equities research analysts anticipate that Repay will post 0.72 earnings per share for the current fiscal year.

Repay announced that its Board of Directors has initiated a share repurchase plan on Monday, May 12th that allows the company to buyback $75.00 million in shares. This buyback authorization allows the company to reacquire up to 19% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Repay

Hedge funds have recently modified their holdings of the business. Sunriver Management LLC lifted its stake in shares of Repay by 2.1% during the 1st quarter. Sunriver Management LLC now owns 6,168,501 shares of the company’s stock valued at $34,359,000 after buying an additional 125,133 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Repay by 4.4% during the 1st quarter. Wellington Management Group LLP now owns 4,917,703 shares of the company’s stock valued at $27,392,000 after buying an additional 207,212 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Repay by 6.1% during the 1st quarter. American Century Companies Inc. now owns 4,427,315 shares of the company’s stock valued at $24,660,000 after buying an additional 255,667 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Repay during the 1st quarter valued at $139,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of Repay by 26.1% during the 1st quarter. Russell Investments Group Ltd. now owns 1,232,789 shares of the company’s stock valued at $6,867,000 after buying an additional 255,311 shares in the last quarter. Institutional investors own 82.73% of the company’s stock.

About Repay

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.