Citigroup Lowers Repay (NASDAQ:RPAY) Price Target to $4.50

Repay (NASDAQ:RPAY) had its price target dropped by stock analysts at Citigroup from $8.00 to $4.50 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price objective suggests a potential upside of 0.90% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Morgan Stanley set a $4.50 target price on shares of Repay in a research note on Wednesday, May 14th. Canaccord Genuity Group cut their target price on shares of Repay from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. UBS Group dropped their price objective on shares of Repay from $7.50 to $4.50 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Stephens reissued an “overweight” rating and set a $11.00 price objective on shares of Repay in a research note on Tuesday, March 4th. Finally, Barclays dropped their price objective on shares of Repay from $9.00 to $6.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $7.90.

Repay Trading Up 8.3%

Shares of RPAY opened at $4.46 on Monday. The firm’s 50-day moving average price is $4.74 and its 200-day moving average price is $6.60. The firm has a market capitalization of $443.50 million, a price-to-earnings ratio of -5.13 and a beta of 1.61. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. Repay has a 1-year low of $3.59 and a 1-year high of $11.27.

Repay (NASDAQ:RPAY) last announced its earnings results 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). The company had revenue of $77.33 million for the quarter, compared to the consensus estimate of $76.06 million. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 EPS. Sell-side analysts anticipate that Repay will post 0.72 EPS for the current year.

Repay declared that its Board of Directors has initiated a stock repurchase program on Monday, May 12th that permits the company to repurchase $75.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 19% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Insider Transactions at Repay

In related news, CEO John Andrew Sr. Morris acquired 86,761 shares of the firm’s stock in a transaction dated Thursday, May 15th. The stock was purchased at an average cost of $3.89 per share, with a total value of $337,500.29. Following the completion of the acquisition, the chief executive officer now directly owns 86,761 shares of the company’s stock, valued at approximately $337,500.29. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Shaler Alias acquired 15,378 shares of the firm’s stock in a transaction dated Thursday, May 15th. The shares were bought at an average cost of $3.93 per share, with a total value of $60,435.54. Following the completion of the acquisition, the president now directly owns 264,782 shares of the company’s stock, valued at $1,040,593.26. The trade was a 6.17% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 439,702 shares of company stock worth $1,806,974. Corporate insiders own 12.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its holdings in shares of Repay by 11.0% during the fourth quarter. Principal Financial Group Inc. now owns 152,655 shares of the company’s stock valued at $1,165,000 after purchasing an additional 15,141 shares during the last quarter. Barclays PLC increased its holdings in Repay by 2,382.5% during the third quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock valued at $12,134,000 after buying an additional 1,427,078 shares during the last quarter. Empowered Funds LLC increased its holdings in Repay by 34.0% during the fourth quarter. Empowered Funds LLC now owns 475,818 shares of the company’s stock valued at $3,630,000 after buying an additional 120,777 shares during the last quarter. River Road Asset Management LLC increased its holdings in Repay by 31.7% during the fourth quarter. River Road Asset Management LLC now owns 2,490,949 shares of the company’s stock valued at $19,006,000 after buying an additional 599,840 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Repay by 15.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 34,600 shares of the company’s stock valued at $264,000 after buying an additional 4,635 shares during the last quarter. 82.73% of the stock is owned by hedge funds and other institutional investors.

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.