Repay Holdings Co. (NASDAQ:RPAY) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Repay Holdings Co. (NASDAQ:RPAY - Get Free Report) have earned an average recommendation of "Moderate Buy" from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $7.90.

Several research analysts recently issued reports on RPAY shares. Keefe, Bruyette & Woods dropped their price target on shares of Repay from $6.50 to $4.50 and set a "market perform" rating for the company in a research report on Tuesday, May 13th. Canaccord Genuity Group dropped their target price on Repay from $13.00 to $12.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Barclays decreased their price target on Repay from $9.00 to $6.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. DA Davidson reiterated a "buy" rating and set a $14.00 price objective on shares of Repay in a research note on Thursday, February 27th. Finally, UBS Group cut their price objective on Repay from $7.50 to $4.50 and set a "neutral" rating for the company in a report on Tuesday, May 13th.

Insider Transactions at Repay

In other Repay news, CEO John Andrew Sr. Morris purchased 86,761 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were acquired at an average price of $3.89 per share, with a total value of $337,500.29. Following the transaction, the chief executive officer now owns 86,761 shares in the company, valued at $337,500.29. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Shaler Alias purchased 174,404 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was acquired at an average cost of $4.15 per share, for a total transaction of $723,776.60. Following the transaction, the president now owns 249,404 shares in the company, valued at $1,035,026.60. This represents a 232.54% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 439,702 shares of company stock worth $1,806,974. Corporate insiders own 12.00% of the company's stock.

Hedge Funds Weigh In On Repay

Large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its position in Repay by 11.0% in the 4th quarter. Principal Financial Group Inc. now owns 152,655 shares of the company's stock valued at $1,165,000 after acquiring an additional 15,141 shares in the last quarter. ProShare Advisors LLC lifted its position in Repay by 42.8% in the 4th quarter. ProShare Advisors LLC now owns 24,424 shares of the company's stock valued at $186,000 after acquiring an additional 7,323 shares in the last quarter. Jane Street Group LLC lifted its position in Repay by 21.4% in the 4th quarter. Jane Street Group LLC now owns 60,911 shares of the company's stock valued at $465,000 after acquiring an additional 10,745 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Repay by 34.0% during the 4th quarter. Empowered Funds LLC now owns 475,818 shares of the company's stock worth $3,630,000 after buying an additional 120,777 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Repay by 1.5% during the 4th quarter. Barclays PLC now owns 1,509,813 shares of the company's stock worth $11,520,000 after buying an additional 22,836 shares in the last quarter. Institutional investors own 82.73% of the company's stock.

Repay Stock Performance

Shares of Repay stock opened at $5.22 on Friday. The stock has a market cap of $519.08 million, a PE ratio of -6.00 and a beta of 1.60. The business has a fifty day simple moving average of $4.49 and a 200-day simple moving average of $6.28. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. Repay has a 12 month low of $3.59 and a 12 month high of $11.27.

Repay (NASDAQ:RPAY - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.01). Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The firm had revenue of $77.33 million for the quarter, compared to analyst estimates of $76.06 million. During the same period in the previous year, the business posted $0.23 EPS. Repay's revenue for the quarter was down 4.2% on a year-over-year basis. On average, sell-side analysts anticipate that Repay will post 0.72 EPS for the current fiscal year.

Repay declared that its Board of Directors has initiated a stock repurchase program on Monday, May 12th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the company to purchase up to 19% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are 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.

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