Repay Holdings Corporation (NASDAQ:RPAY) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Repay Holdings Corporation (NASDAQ:RPAY - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $7.90.

Several equities analysts have recently weighed in on the company. Morgan Stanley set a $4.50 target price on Repay in a research report on Wednesday, May 14th. Citigroup decreased 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. Keefe, Bruyette & Woods dropped their target price on shares of Repay from $6.50 to $4.50 and set a "market perform" rating for the company in a report on Tuesday, May 13th. Wall Street Zen cut shares of Repay from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Barclays decreased their target price on shares of Repay from $9.00 to $6.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th.

Insider Activity at Repay

In other Repay news, CEO John Andrew Sr. Morris acquired 86,761 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was bought at an average cost of $3.89 per share, for a total transaction of $337,500.29. Following the completion of the transaction, the chief executive officer owned 86,761 shares of the company's stock, valued at approximately $337,500.29. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Shaler Alias bought 15,378 shares of Repay stock in a transaction on Thursday, May 15th. The stock was acquired at an average price of $3.93 per share, for a total transaction of $60,435.54. Following the transaction, the president directly owned 264,782 shares of the company's stock, valued at approximately $1,040,593.26. This trade represents a 6.17% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 439,702 shares of company stock worth $1,806,974. Corporate insiders own 12.00% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of RPAY. Principal Financial Group Inc. increased its position in shares of Repay by 11.0% during the fourth 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 during the last quarter. ProShare Advisors LLC boosted its position in shares of Repay by 42.8% during the 4th quarter. ProShare Advisors LLC now owns 24,424 shares of the company's stock worth $186,000 after purchasing an additional 7,323 shares during the period. Spire Wealth Management increased its holdings in 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Repay by 3.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,927 shares of the company's stock valued at $1,029,000 after purchasing an additional 4,980 shares during the last quarter. Finally, Jane Street Group LLC raised its position in Repay by 21.4% in the fourth quarter. Jane Street Group LLC now owns 60,911 shares of the company's stock valued at $465,000 after purchasing an additional 10,745 shares during the period. Institutional investors and hedge funds own 82.73% of the company's stock.

Repay Stock Up 2.5%

RPAY traded up $0.12 during trading on Thursday, hitting $5.02. The stock had a trading volume of 631,079 shares, compared to its average volume of 1,151,541. 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 has a twelve month low of $3.59 and a twelve month high of $10.16. The company has a market capitalization of $499.59 million, a PE ratio of -33.49 and a beta of 1.59. The stock has a 50 day simple moving average of $4.49 and a two-hundred day simple moving average of $5.88.

Repay (NASDAQ:RPAY - Get Free Report) last announced its quarterly earnings results 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 positive return on equity of 8.49% and a negative net margin of 4.16%. The firm had revenue of $77.33 million for the quarter, compared to analysts' expectations of $76.06 million. During the same period last year, the company posted $0.23 earnings per share. The business's quarterly revenue was down 4.2% on a year-over-year basis. On average, research analysts predict that Repay will post 0.72 earnings per share for the current year.

Repay announced that its Board of Directors has initiated a share 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 stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors 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.