Repay (NASDAQ:RPAY) Shares Down 4.7% - Time to Sell?

Key Points

• Repay Holdings Corporation (NASDAQ:RPAY) shares fell 4.7% during mid-day trading, with a last trading price of $5.62, significantly lower than the previous close of $5.89.
• Analyst ratings for Repay have seen fluctuations, with Wall Street Zen upgrading the stock to a "buy" rating, while others have reduced price targets, resulting in a consensus target price of $7.22.
• The company's recent quarterly earnings report showed revenue of $75.63 million, which was above analyst expectations, but the firm reported a negative net margin of 35.79% and a year-over-year decrease in earnings per share.

Repay Holdings Corporation (NASDAQ:RPAY - Get Free Report)'s stock price was down 4.7% during trading on Monday . The stock traded as low as $5.53 and last traded at $5.62. Approximately 386,825 shares were traded during trading, a decline of 67% from the average daily volume of 1,175,663 shares. The stock had previously closed at $5.89.

Analysts Set New Price Targets

Several equities research analysts have recently commented on RPAY shares. Morgan Stanley lifted their price objective on shares of Repay from $4.50 to $5.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 12th. Canaccord Genuity Group reiterated a "buy" rating and set a $12.00 price objective on shares of Repay in a research note on Friday, August 22nd. Keefe, Bruyette & Woods lifted their price objective on shares of Repay from $5.00 to $5.75 and gave the stock a "market perform" rating in a research note on Tuesday, August 12th. Wall Street Zen upgraded shares of Repay from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Finally, DA Davidson lowered their price objective on shares of Repay from $12.00 to $10.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $7.22.

Repay Stock Down 5.2%

The company has a market capitalization of $497.80 million, a price-to-earnings ratio of -4.33 and a beta of 1.62. The business's 50-day moving average is $5.43 and its 200-day moving average is $5.06. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.44.

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

Insider Activity at Repay

In other news, EVP Jacob Hamilton Moore sold 26,385 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Repay

A number of institutional investors have recently modified their holdings of the business. Spire Wealth Management increased its stake in shares of Repay by 52.5% during the first quarter. Spire Wealth Management now owns 7,610 shares of the company's stock worth $42,000 after purchasing an additional 2,620 shares in the last quarter. Inspire Investing LLC purchased a new stake in shares of Repay during the first quarter worth about $346,000. Principal Financial Group Inc. increased its stake in shares of Repay by 9.0% during the first quarter. Principal Financial Group Inc. now owns 166,377 shares of the company's stock worth $927,000 after purchasing an additional 13,722 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Repay by 42.8% during the fourth quarter. ProShare Advisors LLC now owns 24,424 shares of the company's stock worth $186,000 after purchasing an additional 7,323 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Repay by 3.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,927 shares of the company's stock worth $1,029,000 after purchasing an additional 4,980 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.

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.