Analysts Set Repay Holdings Corporation (NASDAQ:RPAY) Price Target at $7.90

Repay Holdings Corporation (NASDAQ:RPAY) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $7.90.

Several research firms have recently commented on RPAY. Barclays lowered their target price on Repay from $9.00 to $6.00 and set an “overweight” rating for the company in a report on Monday, April 14th. BMO Capital Markets lowered their target price on Repay from $7.00 to $5.00 and set a “market perform” rating for the company in a report on Tuesday, May 13th. Wall Street Zen lowered Repay from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Citigroup lowered their target price on Repay from $8.00 to $4.50 and set a “neutral” rating for the company in a report on Monday, May 19th. Finally, Morgan Stanley set a $4.50 target price on Repay in a report on Wednesday, May 14th.

Insider Buying and Selling

In other Repay news, CEO John Andrew Sr. Morris acquired 163,041 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The stock was acquired at an average cost of $4.20 per share, with a total value of $684,772.20. Following the acquisition, the chief executive officer directly owned 253,041 shares of the company’s stock, valued at $1,062,772.20. This represents a 181.16% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Shaler Alias acquired 174,404 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The stock was acquired at an average cost of $4.15 per share, with a total value of $723,776.60. Following the completion of the acquisition, the president directly owned 249,404 shares in the company, valued at approximately $1,035,026.60. This represents a 232.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 439,702 shares of company stock valued at $1,806,974 over the last three months. Corporate insiders own 12.00% of the company’s stock.

Hedge Funds Weigh In On Repay

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP bought a new position in Repay during the 4th quarter valued at $27,000. Johnson Financial Group Inc. bought a new position in Repay during the 4th quarter valued at $47,000. Spire Wealth Management boosted its stake in Repay by 52.5% during the 1st quarter. Spire Wealth Management now owns 7,610 shares of the company’s stock valued at $42,000 after purchasing an additional 2,620 shares in the last quarter. Teacher Retirement System of Texas bought a new position in Repay during the 1st quarter valued at $61,000. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of Repay during the 2nd quarter valued at $57,000. 82.73% of the stock is owned by institutional investors.

Repay Trading Down 1.8%

Shares of NASDAQ RPAY opened at $4.98 on Monday. The stock’s 50 day moving average price is $4.89 and its two-hundred day moving average price is $5.51. Repay has a 52-week low of $3.59 and a 52-week high of $9.83. The stock has a market capitalization of $495.21 million, a P/E ratio of -33.20 and a beta of 1.59. The company has a quick ratio of 3.71, a current ratio of 3.71 and a debt-to-equity ratio of 0.65.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data 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 negative net margin of 4.16% and a positive return on equity of 8.49%. The firm had revenue of $77.33 million for the quarter, compared to analyst estimates of $76.06 million. During the same quarter in the previous year, the company earned $0.23 EPS. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, analysts anticipate that Repay will post 0.72 earnings per share for the current fiscal year.

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

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.