Repay (NASDAQ:RPAY) Given "Sell (E+)" Rating at Weiss Ratings

Key Points

• Weiss Ratings has reiterated a "Sell (E+)" rating for Repay Holdings Corp (NASDAQ:RPAY), highlighting potential concerns regarding the company's performance.
• Repay's stock has dipped 2.2% to $4.63, with a consensus target price of $7.22 and a mix of ratings from various analysts, ranging from Buy to Hold.
• The company reported a quarterly earnings of $0.20 per share, meeting analyst expectations, but it also recorded a negative net margin of 35.79%.

Repay (NASDAQ:RPAY - Get Free Report)'s stock had its "sell (e+)" rating reiterated by research analysts at Weiss Ratings in a research note issued on Tuesday,Weiss Ratings reports.

Several other research analysts have also recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Repay from $4.50 to $5.00 and gave the company an "equal weight" rating in a report on Tuesday, August 12th. Canaccord Genuity Group restated a "buy" rating and issued a $12.00 price target on shares of Repay in a research note on Friday, August 22nd. UBS Group raised their price target on Repay from $4.50 to $5.75 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Wall Street Zen raised Repay from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Finally, DA Davidson reduced their price target on shares of Repay from $12.00 to $10.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $7.22.

Repay Stock Down 2.2%

RPAY stock traded down $0.11 during trading on Tuesday, hitting $4.63. 780,269 shares of the stock traded hands, compared to its average volume of 1,137,285. Repay has a 1 year low of $3.59 and a 1 year high of $9.75. The firm's 50 day moving average is $5.47 and its two-hundred day moving average is $4.97. The stock has a market cap of $422.45 million, a price-to-earnings ratio of -3.67 and a beta of 1.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.85 and a quick ratio of 0.85.

Repay (NASDAQ:RPAY - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.20 earnings per share for the quarter, hitting analysts' consensus estimates of $0.20. The company had revenue of $75.63 million during the quarter, compared to analyst estimates of $74.24 million. Repay had a negative net margin of 35.79% and a positive return on equity of 8.89%. The firm's revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the business earned $0.22 EPS. On average, sell-side analysts anticipate that Repay will post 0.72 EPS for the current year.

Insider Activity

In other news, EVP Jacob Hamilton Moore sold 26,385 shares of the firm's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $5.89, for a total transaction of $155,407.65. Following the sale, the executive vice president directly owned 193,532 shares in the company, valued at $1,139,903.48. This trade represents a 12.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 12.00% of the company's stock.

Institutional Investors Weigh In On Repay

A number of institutional investors have recently bought and sold shares of the business. Brighton Jones LLC bought a new position in shares of Repay in the third quarter worth about $61,000. Matauro LLC purchased a new position in Repay in the 3rd quarter worth approximately $123,000. Squarepoint Ops LLC lifted its holdings in Repay by 151.3% in the 2nd quarter. Squarepoint Ops LLC now owns 258,258 shares of the company's stock worth $1,245,000 after purchasing an additional 155,509 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of Repay during the second quarter valued at approximately $451,000. Finally, Continental Advisors LLC raised its position in shares of Repay by 18.7% during the second quarter. Continental Advisors LLC now owns 398,947 shares of the company's stock valued at $1,923,000 after buying an additional 62,857 shares during the last quarter. Hedge funds and other institutional investors own 82.73% of the company's stock.

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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