Repay (NASDAQ:RPAY) Price Target Raised to $5.00

Key Points

• Morgan Stanley has raised its price target for Repay (NASDAQ:RPAY) from $4.50 to $5.00, maintaining an "equal weight" rating, which suggests a potential downside of 6.72% from the current stock price.
• Repay reported earnings per share of $0.20 for the last quarter, meeting expectations, with revenue of $75.63 million, up .9% year-over-year.
• The company has also authorized a $75 million share buyback plan, indicating that management believes the stock is undervalued.

Repay (NASDAQ:RPAY - Get Free Report) had its price objective hoisted by investment analysts at Morgan Stanley from $4.50 to $5.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's price objective suggests a potential downside of 6.72% from the stock's current price.

A number of other equities analysts have also recently commented on the company. Wall Street Zen cut Repay from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. BMO Capital Markets dropped their target price on Repay from $7.00 to $5.00 and set a "market perform" rating for the company in a report on Tuesday, May 13th. 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, May 19th. 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. Finally, Barclays dropped their price objective on Repay from $9.00 to $6.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Repay presently has an average rating of "Hold" and a consensus price target of $7.95.

Repay Stock Performance

NASDAQ RPAY opened at $5.36 on Tuesday. The stock has a market capitalization of $533.00 million, a PE ratio of -35.73 and a beta of 1.64. The business has a 50 day simple moving average of $4.96 and a two-hundred 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 has a 1-year low of $3.59 and a 1-year high of $9.75.

Repay (NASDAQ:RPAY - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The business had revenue of $75.63 million during the quarter, compared to analysts' expectations of $74.24 million. Repay had a positive return on equity of 8.49% and a negative net margin of 4.16%. The firm's revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS. On average, research analysts predict that Repay will post 0.72 EPS for the current fiscal year.

Repay announced that its Board of Directors has authorized a share buyback plan on Monday, May 12th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to purchase up to 19% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

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 directly owned 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 acquired 86,761 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were bought at an average price of $3.89 per share, with a total value of $337,500.29. Following the completion of the purchase, the chief executive officer directly owned 86,761 shares in the company, valued at $337,500.29. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 439,702 shares of company stock valued at $1,806,974. 12.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Repay

Hedge funds have recently made changes to their positions in the stock. Quarry LP purchased a new stake in shares of Repay during the 4th quarter worth $27,000. Johnson Financial Group Inc. purchased a new stake in shares of Repay during the 4th quarter worth $47,000. Spire Wealth Management lifted its stake in shares of Repay by 52.5% during the 1st quarter. Spire Wealth Management now owns 7,610 shares of the company's stock worth $42,000 after purchasing an additional 2,620 shares during the last quarter. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Repay during the 2nd quarter worth $49,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Repay during the 1st quarter worth $61,000. 82.73% of the stock is currently owned by hedge funds and other 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.

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