Repay (NASDAQ:RPAY) Earns "Neutral" Rating from UBS Group

Key Points

• UBS Group raised Repay's target price from $4.50 to $5.75, indicating a potential upside of 0.61% from the previous close, while maintaining a "neutral" rating.
• Repay's Board of Directors approved a $75 million share buyback plan, allowing for the repurchase of up to 19% of its stock, suggesting they believe the shares are undervalued.
• Recent transactions by company insiders, including the CEO and the President, indicate confidence in the company's stock, with significant share acquisitions reported at prices around $3.89 to $3.93 per share.

Repay (NASDAQ:RPAY - Get Free Report)'s stock had its "neutral" rating reiterated by stock analysts at UBS Group in a research note issued on Wednesday, MarketBeat Ratings reports. They currently have a $5.75 price objective on the stock, up from their prior price objective of $4.50. UBS Group's price target suggests a potential upside of 0.61% from the stock's current price.

Other analysts have also issued research reports about the company. Citigroup cut their target price on Repay from $8.00 to $4.50 and set a "neutral" rating on the stock in a research report on Monday, May 19th. BMO Capital Markets cut their target price on Repay from $7.00 to $5.00 and set a "market perform" rating on the stock in a research report on Tuesday, May 13th. Wall Street Zen lowered Repay from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Keefe, Bruyette & Woods boosted their target price on Repay from $5.00 to $5.75 and gave the company a "market perform" rating in a research report on Tuesday. Finally, DA Davidson cut their target price on Repay from $12.00 to $10.00 and set a "buy" rating on the stock in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $7.80.

Repay Price Performance

RPAY stock traded up $0.37 during trading on Wednesday, hitting $5.72. The stock had a trading volume of 1,239,737 shares, compared to its average volume of 1,231,641. The stock has a market capitalization of $568.30 million, a P/E ratio of -4.54 and a beta of 1.64. The company's 50-day moving average price is $4.97 and its two-hundred day moving average price is $5.36. Repay has a twelve month low of $3.59 and a twelve month high of $9.75. 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 issued its earnings results on Monday, August 11th. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. Repay had a positive return on equity of 8.52% and a negative net margin of 35.79%. The business had revenue of $75.63 million for the quarter, compared to analysts' expectations of $74.24 million. During the same period in the previous year, the firm posted $0.22 EPS. The business's revenue for the quarter was up .9% compared to the same quarter last year. As a group, research analysts predict that Repay will post 0.72 EPS for the current fiscal year.

Repay declared that its board has authorized a stock buyback plan on Monday, May 12th that allows the company to buyback $75.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 19% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling at Repay

In other news, CEO John Andrew Sr. Morris acquired 86,761 shares of the business's stock in a transaction on Thursday, May 15th. The shares were purchased at an average price of $3.89 per share, for a total transaction of $337,500.29. Following the acquisition, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Shaler Alias acquired 15,378 shares of the business's stock in a transaction on Thursday, May 15th. The stock was purchased at an average price of $3.93 per share, for a total transaction of $60,435.54. Following the acquisition, the president directly owned 264,782 shares in the company, valued at $1,040,593.26. This represents a 6.17% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 102,257 shares of company stock worth $398,426 in the last 90 days. Company insiders own 12.00% of the company's stock.

Institutional Investors Weigh In On Repay

Institutional investors have recently modified their holdings of the stock. Quadrature Capital Ltd bought a new stake in shares of Repay during the 2nd quarter valued at about $164,000. Hsbc Holdings PLC grew its position in Repay by 97.5% in the 2nd quarter. Hsbc Holdings PLC now owns 71,685 shares of the company's stock worth $346,000 after purchasing an additional 35,392 shares during the last quarter. XTX Topco Ltd bought a new position in Repay in the 2nd quarter worth about $476,000. Jefferies Financial Group Inc. bought a new position in Repay in the 2nd quarter worth about $65,000. Finally, Prudential Financial Inc. bought a new position in Repay in the 2nd quarter worth about $258,000. Institutional investors and hedge funds 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.