UBS Group Reiterates “Neutral” Rating for Repay (NASDAQ:RPAY)

Repay (NASDAQ:RPAY)‘s stock had its “neutral” rating reissued by research analysts at UBS Group in a research report issued on Wednesday, MarketBeat.com reports. They currently have a $5.75 price target on the stock, up from their previous price target of $4.50. UBS Group’s price target indicates a potential upside of 4.36% from the stock’s previous close.

A number of other equities research analysts have also commented on RPAY. BMO Capital Markets decreased their price target on Repay from $7.00 to $5.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 13th. DA Davidson decreased their price target on Repay from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday. Morgan Stanley increased their price target on Repay from $4.50 to $5.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Keefe, Bruyette & Woods increased their price target on Repay from $5.00 to $5.75 and gave the stock a “market perform” rating in a research report on Tuesday. Finally, Citigroup reduced their price objective on Repay from $8.00 to $4.50 and set a “neutral” rating on the stock in a report on Monday, May 19th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Repay currently has a consensus rating of “Hold” and a consensus target price of $7.22.

Repay Stock Down 3.3%

NASDAQ RPAY opened at $5.51 on Wednesday. The firm has a market cap of $547.91 million, a PE ratio of -4.37 and a beta of 1.64. Repay has a one year low of $3.59 and a one year high of $9.75. The stock’s 50 day simple moving average is $4.99 and its 200 day simple moving average is $5.34. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.85 and a quick ratio of 3.71.

Repay (NASDAQ:RPAY) last released its quarterly earnings results on Monday, August 11th. The company reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. The business had revenue of $75.63 million for the quarter, compared to analyst estimates of $74.24 million. Repay had a positive return on equity of 8.89% and a negative net margin of 35.79%. Repay’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $0.22 EPS. As a group, sell-side analysts forecast that Repay will post 0.72 earnings per share for the current fiscal year.

Repay declared that its board has authorized a share buyback plan on Monday, May 12th that authorizes the company to repurchase $75.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 19% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. American Century Companies Inc. lifted its stake in shares of Repay by 45.5% in the 2nd quarter. American Century Companies Inc. now owns 6,440,443 shares of the company’s stock valued at $31,043,000 after purchasing an additional 2,013,128 shares during the period. Sunriver Management LLC lifted its stake in shares of Repay by 2.1% in the 1st quarter. Sunriver Management LLC now owns 6,168,501 shares of the company’s stock valued at $34,359,000 after purchasing an additional 125,133 shares during the period. Wellington Management Group LLP lifted its stake in shares of Repay by 4.4% in the 1st quarter. Wellington Management Group LLP now owns 4,917,703 shares of the company’s stock valued at $27,392,000 after purchasing an additional 207,212 shares during the period. Vanguard Group Inc. lifted its stake in shares of Repay by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 4,770,074 shares of the company’s stock valued at $26,569,000 after purchasing an additional 82,196 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Repay by 6.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,339,948 shares of the company’s stock valued at $33,114,000 after purchasing an additional 243,743 shares during the period. Institutional investors and hedge funds 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.