Morgan Stanley Issues Positive Forecast for Repay (NASDAQ:RPAY) Stock Price

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 - Free Report) had its price objective upped by Morgan Stanley from $4.50 to $5.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other brokerages also recently commented on RPAY. BMO Capital Markets lowered their price objective on Repay from $7.00 to $5.00 and set a "market perform" rating for the company in a research note on Tuesday, May 13th. Keefe, Bruyette & Woods lowered their price objective on Repay from $6.50 to $4.50 and set a "market perform" rating for the company in a research note on Tuesday, May 13th. Barclays decreased their price target on Repay from $9.00 to $6.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Citigroup decreased their price target on Repay from $8.00 to $4.50 and set a "neutral" rating for the company in a research report on Monday, May 19th. Finally, Wall Street Zen downgraded Repay from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Repay has a consensus rating of "Moderate Buy" and an average target price of $7.22.

Repay Stock Down 1.5%

RPAY stock traded down $0.08 during trading on Tuesday, reaching $5.43. 1,251,206 shares of the stock were exchanged, compared to its average volume of 1,041,227. The firm's 50 day moving average is $5.00 and its 200 day moving average is $5.33. Repay has a twelve month low of $3.59 and a twelve month high of $9.75. The company has a current ratio of 0.85, a quick ratio of 3.71 and a debt-to-equity ratio of 0.44. The firm has a market cap of $539.96 million, a P/E ratio of -4.31 and a beta of 1.64.

Repay (NASDAQ:RPAY - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $75.63 million during the quarter, compared to the consensus estimate of $74.24 million. Repay had a positive return on equity of 8.89% and a negative net margin of 35.79%. The company's quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 earnings per share. As a group, research analysts forecast that Repay will post 0.72 EPS for the current year.

Repay declared that its Board of Directors has authorized a stock repurchase 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 usually an indication that the company's management believes its shares are undervalued.

Hedge Funds Weigh In On Repay

Several institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. grew its holdings in Repay by 1.4% during the fourth quarter. Invesco Ltd. now owns 159,371 shares of the company's stock valued at $1,216,000 after purchasing an additional 2,142 shares during the period. Spire Wealth Management grew its holdings in Repay by 52.5% during the first 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 period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Repay by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 27,913 shares of the company's stock valued at $155,000 after purchasing an additional 2,802 shares during the period. Quarry LP bought a new position in Repay during the fourth quarter valued at $27,000. Finally, Franklin Resources Inc. grew its holdings in Repay by 0.3% during the second quarter. Franklin Resources Inc. now owns 1,350,275 shares of the company's stock valued at $6,508,000 after purchasing an additional 4,487 shares during the period. 82.73% of the stock is owned by institutional investors.

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.