Repay (NASDAQ:RPAY) Stock Price Up 5.5% - Time to Buy?

Repay Holdings Co. (NASDAQ:RPAY - Get Free Report) shares shot up 5.5% on Thursday . The company traded as high as $5.24 and last traded at $5.24. 242,534 shares traded hands 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 Upgrades and Downgrades

A number of research firms have issued reports on RPAY. Keefe, Bruyette & Woods cut their price target 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. Wall Street Zen cut Repay from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. UBS Group lowered their price target on Repay from $7.50 to $4.50 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. DA Davidson reaffirmed a "buy" rating and set a $14.00 price objective on shares of Repay in a report on Thursday, February 27th. Finally, Canaccord Genuity Group reduced their target price on shares of Repay from $13.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $7.90.

Repay Stock Up 1.4%

The company has a market capitalization of $519.08 million, a PE ratio of -6.00 and a beta of 1.60. The stock's fifty day moving average is $4.49 and its two-hundred day moving average is $6.28. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64.

Repay (NASDAQ:RPAY - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $0.22 earnings per share 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 company had revenue of $77.33 million during the quarter, compared to analysts' expectations of $76.06 million. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The firm's revenue was down 4.2% compared to the same quarter last year. As a group, analysts predict that Repay Holdings Co. will post 0.72 EPS for the current year.

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

Insider Buying and Selling at Repay

In other news, President Shaler Alias acquired 174,404 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was bought at an average price of $4.15 per share, with a total value of $723,776.60. Following the acquisition, the president now owns 249,404 shares in the company, valued at $1,035,026.60. The trade was a 232.54% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John Andrew Sr. Morris bought 86,761 shares of the business's stock in a transaction on Thursday, May 15th. The shares were acquired at an average price of $3.89 per share, with a total value of $337,500.29. Following the transaction, the chief executive officer now directly owns 86,761 shares of the company's stock, valued at approximately $337,500.29. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 439,702 shares of company stock worth $1,806,974 over the last ninety days. 12.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Quarry LP purchased a new stake in shares of Repay during the fourth quarter worth $27,000. Spire Wealth Management lifted its holdings in Repay by 52.5% during the 1st 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. Blue Trust Inc. boosted its stake in Repay by 57.9% in the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company's stock worth $46,000 after purchasing an additional 2,077 shares during the period. Johnson Financial Group Inc. bought a new position in Repay in the 4th quarter worth about $47,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Repay during the first quarter valued at about $61,000. 82.73% of the stock is currently owned by hedge funds and other 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.