Brokerages Set Repay Holdings Corporation (NASDAQ:RPAY) Target Price at $7.90

Key Points

• Repay Holdings Corporation (NASDAQ:RPAY) has received a consensus rating of “Moderate Buy” from nine research firms, with an average price target of $7.90.
• The company's CEO and President recently increased their stakes in the company by purchasing shares, indicating insider confidence in the stock's value.
• Repay announced a stock buyback plan, allowing for the repurchase of up to $75 million in outstanding shares, often seen as a sign that the company believes its stock is currently undervalued.

Repay Holdings Corporation (NASDAQ:RPAY - Get Free Report) has received an average rating of "Moderate Buy" from the nine brokerages that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $7.90.

A number of analysts have commented on RPAY shares. BMO Capital Markets decreased their price objective on Repay from $7.00 to $5.00 and set a "market perform" rating for the company in a report on Tuesday, May 13th. UBS Group reduced 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. Morgan Stanley set a $4.50 target price on Repay in a report on Wednesday, May 14th. Wall Street Zen lowered Repay from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Citigroup reduced their target price on Repay from $8.00 to $4.50 and set a "neutral" rating for the company in a report on Monday, May 19th.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Nuveen LLC bought a new position in shares of Repay during the first quarter valued at about $5,764,000. Millennium Management LLC grew its stake in shares of Repay by 120.6% during the fourth quarter. Millennium Management LLC now owns 1,737,811 shares of the company's stock valued at $13,259,000 after buying an additional 950,185 shares during the last quarter. Private Management Group Inc. grew its stake in shares of Repay by 52.6% during the first quarter. Private Management Group Inc. now owns 2,654,679 shares of the company's stock valued at $14,787,000 after buying an additional 914,529 shares during the last quarter. Sunriver Management LLC grew its stake in shares of Repay by 11.6% during the fourth quarter. Sunriver Management LLC now owns 6,043,368 shares of the company's stock valued at $46,111,000 after buying an additional 626,528 shares during the last quarter. Finally, Sovereign s Capital Management LLC bought a new position in shares of Repay during the fourth quarter valued at about $4,408,000. Institutional investors own 82.73% of the company's stock.

Repay Stock Down 0.3%

RPAY stock traded down $0.02 during trading on Monday, reaching $4.97. 82,890 shares of the stock were exchanged, compared to its average volume of 1,237,018. The firm's 50 day moving average is $4.89 and its 200 day moving average is $5.51. Repay has a twelve month low of $3.59 and a twelve month high of $9.83. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 0.65. The firm has a market cap of $493.72 million, a P/E ratio of -33.10 and a beta of 1.59.

Repay (NASDAQ:RPAY - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.22 earnings per share 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 analyst estimates of $76.06 million. During the same period last year, the company posted $0.23 earnings per share. The firm's quarterly revenue was down 4.2% compared to the same quarter last year. As a group, research analysts forecast that Repay will post 0.72 EPS for the current year.

Repay announced that its Board of Directors has initiated a share buyback program on Monday, May 12th that allows the company to repurchase $75.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 19% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its stock is undervalued.

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.