Repay (NASDAQ:RPAY) Price Target Raised to $5.75 at 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) had its price target upped by stock analysts at UBS Group from $4.50 to $5.75 in a note issued to investors on Wednesday, Marketbeat reports. The firm presently has a "neutral" rating on the stock. UBS Group's price objective suggests a potential upside of 5.41% from the company's previous close.

Several other brokerages also recently commented on RPAY. Keefe, Bruyette & Woods raised their price objective on shares of Repay from $5.00 to $5.75 and gave the company a "market perform" rating in a research report on Tuesday, August 12th. Citigroup decreased their price objective on shares of 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 decreased their price objective on shares of Repay from $7.00 to $5.00 and set a "market perform" rating on the stock in a research report on Tuesday, May 13th. Morgan Stanley raised their price objective on shares of Repay from $4.50 to $5.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 12th. Finally, DA Davidson decreased their price objective on shares of Repay from $12.00 to $10.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $7.22.

Repay Stock Performance

Shares of Repay stock traded down $0.0750 on Wednesday, hitting $5.4550. 152,985 shares of the company's stock were exchanged, compared to its average volume of 1,231,990. The company has a 50-day simple moving average of $5.00 and a 200-day simple moving average of $5.28. The stock has a market capitalization of $542.45 million, a PE ratio of -4.34 and a beta of 1.64. Repay has a 1 year low of $3.59 and a 1 year high of $9.75. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.85 and a current ratio of 0.85.

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

Repay announced that its Board of Directors has initiated a share repurchase plan on Monday, May 12th that authorizes the company to repurchase $75.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 19% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Institutional Trading of Repay

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP bought a new stake in shares of Repay in the 4th quarter worth about $27,000. Spire Wealth Management increased its holdings in shares of Repay by 52.5% in the 1st quarter. Spire Wealth Management now owns 7,610 shares of the company's stock worth $42,000 after buying an additional 2,620 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Repay in the 4th quarter worth about $47,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of Repay in the 2nd quarter worth about $49,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Repay by 224.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,433 shares of the company's stock worth $50,000 after buying an additional 7,217 shares during the last quarter. 82.73% of the stock is currently 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.