Brokerages Set Repay Holdings Co. (NASDAQ:RPAY) Price Target at $8.75

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 presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $7.90.

A number of equities analysts have recently commented on the company. DA Davidson reiterated a "buy" rating and issued a $14.00 target price on shares of Repay in a report on Thursday, February 27th. UBS Group dropped their target price on Repay from $7.50 to $4.50 and set a "neutral" rating for the company in a 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. Citigroup dropped their target price on Repay from $8.00 to $4.50 and set a "neutral" rating for the company in a report on Monday. Finally, Keefe, Bruyette & Woods dropped their price objective on Repay from $6.50 to $4.50 and set a "market perform" rating for the company in a report on Tuesday, May 13th.

Repay Trading Up 0.5%

Shares of Repay stock traded up $0.02 on Wednesday, reaching $4.12. The company had a trading volume of 2,863,302 shares, compared to its average volume of 1,015,996. The firm has a market cap of $409.69 million, a price-to-earnings ratio of -4.74 and a beta of 1.61. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. The firm's 50-day moving average price is $4.77 and its two-hundred day moving average price is $6.62. Repay has a 1 year low of $3.59 and a 1 year high of $11.27.

Repay (NASDAQ:RPAY - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.01). The company had revenue of $77.33 million during the quarter, compared to analysts' expectations of $76.06 million. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. Repay's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 EPS. As a group, research analysts predict that Repay will post 0.72 earnings per share for the current fiscal year.

Repay declared that its board has initiated a share buyback plan on Monday, May 12th that allows the company to buyback $75.00 million in shares. This buyback authorization allows the company to buy up to 19% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Insider Activity at Repay

In other news, President Shaler Alias bought 15,378 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was acquired at an average cost of $3.93 per share, with a total value of $60,435.54. Following the transaction, the president now directly owns 264,782 shares in the company, valued at approximately $1,040,593.26. This trade represents a 6.17% increase in their position. The acquisition was disclosed in a document filed with the SEC, 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 on Thursday, May 15th. The shares were purchased at an average cost of $3.89 per share, with a total value of $337,500.29. Following the completion of the transaction, the chief executive officer now owns 86,761 shares in the company, valued at $337,500.29. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 439,702 shares of company stock worth $1,806,974 in the last quarter. 12.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Repay

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Sunriver Management LLC raised its position in Repay by 2.1% during 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 in the last quarter. Wellington Management Group LLP lifted its stake in shares of Repay by 4.4% during the 1st quarter. Wellington Management Group LLP now owns 4,917,703 shares of the company's stock worth $27,392,000 after purchasing an additional 207,212 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Repay by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 4,770,074 shares of the company's stock worth $26,569,000 after purchasing an additional 82,196 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Repay by 6.1% during the 1st quarter. American Century Companies Inc. now owns 4,427,315 shares of the company's stock worth $24,660,000 after purchasing an additional 255,667 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Repay by 6.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,339,948 shares of the company's stock worth $33,114,000 after purchasing an additional 243,743 shares during the last quarter. 82.73% of the stock is owned by institutional investors.

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.