Repay (NASDAQ:RPAY) Upgraded to "Buy" at Wall Street Zen

Key Points

• Repay's stock rating was upgraded from "hold" to "buy" by Wall Street Zen, indicating a positive outlook on the company's financial performance.
• Repay announced a $75 million share repurchase plan, which suggests that the company's board believes its shares are undervalued.
• The company's recent earnings report showed revenue of $75.63 million for the quarter, exceeding analyst expectations, with a 0.20 EPS that met consensus estimates.

Wall Street Zen upgraded shares of Repay (NASDAQ:RPAY - Free Report) from a hold rating to a buy rating in a research note published on Saturday morning.

A number of other research firms have also recently weighed in on RPAY. Citigroup decreased their price target on Repay from $8.00 to $4.50 and set a "neutral" rating for the company in a report on Monday, May 19th. Keefe, Bruyette & Woods raised their price objective on Repay from $5.00 to $5.75 and gave the stock a "market perform" rating in a research note on Tuesday, August 12th. BMO Capital Markets cut their price target on Repay from $7.00 to $5.00 and set a "market perform" rating on the stock in a report on Tuesday, May 13th. UBS Group upped their price target on shares of Repay from $4.50 to $5.75 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Finally, 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. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $7.22.

Repay Price Performance

Shares of NASDAQ RPAY traded down $0.0050 during mid-day trading on Friday, reaching $5.5250. The company's stock had a trading volume of 361,306 shares, compared to its average volume of 1,233,290. Repay has a 1-year low of $3.59 and a 1-year high of $9.75. The stock has a market capitalization of $549.41 million, a P/E ratio of -4.37 and a beta of 1.64. The stock has a 50-day moving average of $5.00 and a two-hundred day moving average of $5.28. 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 posted its quarterly earnings data on Monday, August 11th. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The business had revenue of $75.63 million during the quarter, compared to analyst estimates of $74.24 million. Repay had a negative net margin of 35.79% and a positive return on equity of 8.89%. The business's revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 earnings per share. On average, equities research analysts anticipate 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 often a sign that the company's board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Spire Wealth Management increased its holdings in 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 purchasing an additional 2,620 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Repay by 9.0% during the 1st 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 during the last quarter. ProShare Advisors LLC raised its stake in Repay by 42.8% in the 4th quarter. ProShare Advisors LLC now owns 24,424 shares of the company's stock valued at $186,000 after acquiring an additional 7,323 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Repay by 3.8% in 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 valued at $1,029,000 after purchasing an additional 4,980 shares during the period. Finally, Private Management Group Inc. lifted its stake in Repay by 52.6% in the first quarter. Private Management Group Inc. now owns 2,654,679 shares of the company's stock worth $14,787,000 after purchasing an additional 914,529 shares during the last quarter. 82.73% of the stock is currently owned by institutional investors.

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.