Repay (NASDAQ:RPAY) Price Target Lowered to $5.00 at BMO Capital Markets

Repay (NASDAQ:RPAY) had its price target dropped by investment analysts at BMO Capital Markets from $7.00 to $5.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 19.33% from the stock’s current price.

RPAY has been the topic of a number of other reports. Canaccord Genuity Group lowered their price objective on Repay from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Stephens reaffirmed an “overweight” rating and set a $11.00 price objective on shares of Repay in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods decreased their target price on Repay from $6.50 to $4.50 and set a “market perform” rating on the stock in a research note on Tuesday. Barclays decreased their target price on Repay from $9.00 to $6.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Finally, UBS Group decreased their target price on Repay from $7.50 to $4.50 and set a “neutral” rating on the stock in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $8.75.

Repay Stock Up 6.1%

RPAY stock opened at $4.19 on Tuesday. Repay has a twelve month low of $3.59 and a twelve month high of $11.27. 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 stock has a market cap of $408.47 million, a P/E ratio of -4.82 and a beta of 1.61. The business’s 50-day moving average price is $4.87 and its 200-day moving average price is $6.71.

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

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

Institutional Trading of Repay

A number of large investors have recently added to or reduced their stakes in the company. Sunriver Management LLC increased its stake in Repay by 2.1% in the 1st quarter. Sunriver Management LLC now owns 6,168,501 shares of the company’s stock worth $34,359,000 after acquiring an additional 125,133 shares during the last quarter. Wellington Management Group LLP increased its stake in Repay by 4.4% in the 1st quarter. Wellington Management Group LLP now owns 4,917,703 shares of the company’s stock worth $27,392,000 after acquiring an additional 207,212 shares during the last quarter. Vanguard Group Inc. increased its stake in Repay by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 4,770,074 shares of the company’s stock worth $26,569,000 after acquiring an additional 82,196 shares during the last quarter. American Century Companies Inc. increased its stake in Repay by 6.1% in the 1st quarter. American Century Companies Inc. now owns 4,427,315 shares of the company’s stock worth $24,660,000 after acquiring an additional 255,667 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Repay by 6.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,339,948 shares of the company’s stock worth $33,114,000 after acquiring an additional 243,743 shares during the last quarter. Institutional investors 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.