Repay (NASDAQ:RPAY) Trading 5.5% Higher - What's Next?

Repay Holdings Co. (NASDAQ:RPAY - Get Free Report) traded up 5.5% on Thursday . The company traded as high as $5.24 and last traded at $5.24. 242,534 shares were traded during mid-day trading, a decline of 78% from the average session volume of 1,099,910 shares. The stock had previously closed at $4.96.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Repay from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. BMO Capital Markets lowered their target price 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. DA Davidson reissued a "buy" rating and set a $14.00 target price on shares of Repay in a research report on Thursday, February 27th. Keefe, Bruyette & Woods lowered their target price on shares of Repay from $6.50 to $4.50 and set a "market perform" rating on the stock in a research report on Tuesday, May 13th. Finally, Citigroup lowered their target price 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. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $7.90.

Repay Price Performance

The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. The stock's fifty day simple moving average is $4.49 and its 200-day simple moving average is $6.31. The company has a market capitalization of $519.08 million, a P/E ratio of -6.00 and a beta of 1.60.

Repay (NASDAQ:RPAY - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.01). Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The firm had revenue of $77.33 million for the quarter, compared to the consensus estimate of $76.06 million. During the same quarter last year, the company earned $0.23 earnings per share. The firm's revenue was down 4.2% on a year-over-year basis. On average, equities analysts forecast that Repay Holdings Co. will post 0.72 earnings per share for the current fiscal year.

Repay announced that its board has initiated 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 stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at Repay

In related news, CEO John Andrew Sr. Morris bought 86,761 shares of Repay stock in a transaction that occurred on Thursday, May 15th. The stock was acquired at an average price of $3.89 per share, for a total transaction of $337,500.29. Following the completion of the purchase, the chief executive officer now owns 86,761 shares in the company, valued at approximately $337,500.29. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Shaler Alias bought 15,378 shares of Repay stock in a transaction that occurred on Thursday, May 15th. The stock was bought at an average price of $3.93 per share, with a total value of $60,435.54. Following the purchase, the president now owns 264,782 shares of the company's stock, valued at $1,040,593.26. This trade represents a 6.17% increase in their position. The disclosure for this purchase can be found here. Insiders bought 439,702 shares of company stock worth $1,806,974 over the last ninety days. Company insiders own 12.00% of the company's stock.

Institutional Investors Weigh In On Repay

Several hedge funds have recently made changes to their positions in the stock. Inspire Investing LLC bought a new stake in shares of Repay in the first quarter valued at about $346,000. Jane Street Group LLC lifted its stake in shares of Repay by 57.6% in the first quarter. Jane Street Group LLC now owns 95,979 shares of the company's stock valued at $535,000 after buying an additional 35,068 shares during the period. Empowered Funds LLC lifted its stake in shares of Repay by 4.6% in the first quarter. Empowered Funds LLC now owns 497,625 shares of the company's stock valued at $2,772,000 after buying an additional 21,807 shares during the period. Continental Advisors LLC lifted its stake in Repay by 267.2% during the first quarter. Continental Advisors LLC now owns 336,090 shares of the company's stock worth $1,872,000 after purchasing an additional 244,556 shares during the period. Finally, Millennium Management LLC lifted its stake in Repay by 24.6% during the first quarter. Millennium Management LLC now owns 2,166,100 shares of the company's stock worth $12,065,000 after purchasing an additional 428,289 shares during the period. Institutional investors 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.