Repay (NASDAQ:RPAY) Price Target Lowered to $10.00 at DA Davidson

Key Points

• DA Davidson has decreased its target price for Repay (NASDAQ:RPAY) from $12.00 to $10.00, while still maintaining a "buy" rating, indicating a potential upside of 74.64% from the current price.
• Other analysts have also lowered their price targets significantly, with BMO Capital Markets reducing it to $5.00 and UBS Group to $4.50, reflecting a bearish outlook on the stock.
• Repay's Board of Directors has authorized a stock buyback program of $75.00 million, believing the company's stock is currently undervalued.

Repay (NASDAQ:RPAY - Get Free Report) had its price objective decreased by research analysts at DA Davidson from $12.00 to $10.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. DA Davidson's target price suggests a potential upside of 80.83% from the company's current price.

A number of other research analysts have also issued reports on RPAY. Morgan Stanley boosted their target price on shares of Repay from $4.50 to $5.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 12th. Wall Street Zen downgraded Repay from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Citigroup lowered their target price on Repay from $8.00 to $4.50 and set a "neutral" rating on the stock in a research report on Monday, May 19th. UBS Group reduced their price target on Repay from $7.50 to $4.50 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, BMO Capital Markets lowered their price target on Repay from $7.00 to $5.00 and set a "market perform" rating on the stock in a report on Tuesday, May 13th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $7.22.

Repay Stock Up 1.8%

RPAY stock traded up $0.10 during midday trading on Wednesday, hitting $5.53. 1,204,452 shares of the company's stock were exchanged, compared to its average volume of 1,239,072. The firm has a 50 day moving average price of $5.00 and a 200-day moving average price of $5.30. Repay has a 12-month low of $3.59 and a 12-month high of $9.75. The stock has a market capitalization of $549.90 million, a price-to-earnings ratio of -4.39 and a beta of 1.64. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.44.

Repay (NASDAQ:RPAY - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $75.63 million during 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 quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 earnings per share. On average, analysts anticipate that Repay will post 0.72 EPS for the current year.

Repay announced that its board has authorized a stock buyback program on Monday, May 12th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to reacquire up to 19% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its stock is undervalued.

Institutional Trading of Repay

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP acquired a new position in Repay in the fourth quarter valued at about $27,000. Spire Wealth Management raised its stake in shares of Repay by 52.5% in 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 during the period. Johnson Financial Group Inc. acquired a new position in Repay during the 4th quarter worth approximately $47,000. Focus Partners Advisor Solutions LLC bought a new position in Repay in the second quarter valued at $49,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Repay by 224.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,433 shares of the company's stock worth $50,000 after purchasing an additional 7,217 shares during the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.

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.