Repay (NASDAQ:RPAY) Given New $5.75 Price Target at Keefe, Bruyette & Woods

Key Points

• Repay Holdings received a price target increase from $5.00 to $5.75 by Keefe, Bruyette & Woods, indicating a potential upside of 9.42% from its previous close.
• Several analysts have varied opinions on Repay, with Barclays and Citigroup lowering their targets significantly, while Morgan Stanley raised its target to $5.00.
• Repay's board authorized a share buyback plan worth $75 million, suggesting confidence that the company's shares are currently undervalued.

Repay (NASDAQ:RPAY - Get Free Report) had its price target boosted by equities researchers at Keefe, Bruyette & Woods from $5.00 to $5.75 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price objective suggests a potential upside of 9.42% from the company's previous close.

A number of other research analysts also recently commented on the company. Barclays dropped their price target on Repay from $9.00 to $6.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Citigroup lowered their price objective on Repay from $8.00 to $4.50 and set a "neutral" rating for the company in a research note on Monday, May 19th. UBS Group dropped their price target on shares of Repay from $7.50 to $4.50 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Morgan Stanley increased their price target on Repay from $4.50 to $5.00 and gave the stock an "equal weight" rating in a report on Tuesday. Finally, Wall Street Zen cut Repay from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Repay presently has an average rating of "Hold" and a consensus price target of $8.08.

Repay Stock Down 2.0%

Shares of RPAY traded down $0.11 during mid-day trading on Tuesday, hitting $5.26. 192,796 shares of the company's stock were exchanged, compared to its average volume of 1,218,124. The company has a market cap of $522.56 million, a PE ratio of -35.02 and a beta of 1.64. Repay has a 52 week low of $3.59 and a 52 week high of $9.75. The company has a 50-day simple moving average of $4.96 and a 200 day simple moving average of $5.36. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.71 and a quick 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, meeting the consensus estimate of $0.20. Repay had a negative net margin of 4.16% and a positive return on equity of 8.49%. The business had revenue of $75.63 million during the quarter, compared to analysts' expectations of $74.24 million. During the same period last year, the business earned $0.22 earnings per share. The firm's revenue was up .9% on a year-over-year basis. On average, research analysts forecast that Repay will post 0.72 earnings per share for the current fiscal year.

Repay declared that its board has authorized a share buyback plan on Monday, May 12th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the company to buy up to 19% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Insider Transactions at Repay

In other Repay news, President Shaler Alias purchased 174,404 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was purchased at an average price of $4.15 per share, for a total transaction of $723,776.60. Following the transaction, the president owned 249,404 shares in the company, valued at $1,035,026.60. The trade was a 232.54% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO John Andrew Sr. Morris purchased 163,041 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were acquired at an average price of $4.20 per share, with a total value of $684,772.20. Following the transaction, the chief executive officer owned 253,041 shares in the company, valued at approximately $1,062,772.20. The trade was a 181.16% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 439,702 shares of company stock valued at $1,806,974 in the last ninety days. Insiders own 12.00% of the company's stock.

Institutional Trading of Repay

A number of large investors have recently modified their holdings of RPAY. Nuveen LLC bought a new stake in shares of Repay during the 1st quarter valued at about $5,764,000. Millennium Management LLC lifted its position in Repay by 120.6% in the 4th quarter. Millennium Management LLC now owns 1,737,811 shares of the company's stock worth $13,259,000 after buying an additional 950,185 shares during the last quarter. Private Management Group Inc. lifted its position in Repay by 52.6% in the 1st quarter. Private Management Group Inc. now owns 2,654,679 shares of the company's stock worth $14,787,000 after buying an additional 914,529 shares during the last quarter. Sovereign s Capital Management LLC bought a new stake in Repay in the 4th quarter worth approximately $4,408,000. Finally, Marshall Wace LLP lifted its position in Repay by 81.2% in the 4th quarter. Marshall Wace LLP now owns 782,098 shares of the company's stock worth $5,967,000 after buying an additional 350,424 shares during the last quarter. Institutional investors own 82.73% of the company's stock.

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.

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