Repay (NASDAQ:RPAY - Get Free Report) had its target price decreased by research analysts at DA Davidson from $12.00 to $10.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. DA Davidson's target price points to a potential upside of 74.64% from the stock's current price.
A number of other equities research analysts have also weighed in on RPAY. BMO Capital Markets lowered their price objective on Repay from $7.00 to $5.00 and set a "market perform" rating for the company in a research note on Tuesday, May 13th. UBS Group cut 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, May 13th. Wall Street Zen downgraded Repay from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Citigroup cut their target price on Repay from $8.00 to $4.50 and set a "neutral" rating on the stock in a research note on Monday, May 19th. Finally, Keefe, Bruyette & Woods lifted their target price on Repay from $5.00 to $5.75 and gave the company a "market perform" rating in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $7.68.
Check Out Our Latest Stock Analysis on RPAY
Repay Trading Up 7.0%
NASDAQ RPAY traded up $0.38 during trading hours on Wednesday, hitting $5.73. 782,464 shares of the company's stock were exchanged, compared to its average volume of 1,228,541. The business's 50 day moving average is $4.97 and its 200-day moving average is $5.36. Repay has a 12-month low of $3.59 and a 12-month high of $9.75. The firm has a market capitalization of $569.39 million, a P/E ratio of -4.53 and a beta of 1.64. The company has a debt-to-equity ratio of 0.65, a quick ratio of 3.71 and a current ratio of 3.71.
Repay (NASDAQ:RPAY - Get Free Report) last released its earnings results on Monday, August 11th. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $75.63 million for the quarter, compared to the consensus estimate of $74.24 million. Repay had a positive return on equity of 8.52% and a negative net margin of 35.79%. The firm's revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 earnings per share. As a group, analysts anticipate that Repay will post 0.72 EPS for the current fiscal year.
Repay announced that its Board of Directors has approved a stock buyback program on Monday, May 12th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to buy up to 19% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.
Insider Buying and Selling at Repay
In other Repay news, President Shaler Alias bought 15,378 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was acquired at an average price of $3.93 per share, with a total value of $60,435.54. Following the completion of the transaction, the president directly owned 264,782 shares in the company, valued at approximately $1,040,593.26. This represents a 6.17% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Andrew Sr. Morris bought 86,761 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was acquired at an average cost of $3.89 per share, with a total value of $337,500.29. Following the transaction, the chief executive officer owned 86,761 shares of the company's stock, valued at $337,500.29. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 102,257 shares of company stock valued at $398,426. 12.00% of the stock is currently owned by insiders.
Institutional Trading of Repay
Institutional investors have recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new stake in shares of Repay in the second quarter worth about $164,000. Hsbc Holdings PLC grew its stake in shares of Repay by 97.5% in the 2nd quarter. Hsbc Holdings PLC now owns 71,685 shares of the company's stock valued at $346,000 after purchasing an additional 35,392 shares during the period. XTX Topco Ltd bought a new stake in shares of Repay in the 2nd quarter valued at approximately $476,000. Jefferies Financial Group Inc. bought a new stake in shares of Repay in the 2nd quarter valued at approximately $65,000. Finally, Prudential Financial Inc. acquired a new position in shares of Repay in the 2nd quarter worth approximately $258,000. Institutional investors and hedge funds own 82.73% of the company's stock.
Repay Company Profile
(
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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.
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