Repay (NASDAQ:RPAY) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Repay (NASDAQ:RPAY) from a buy rating to a hold rating in a research report report published on Saturday.

RPAY has been the topic of several other research reports. Benchmark reaffirmed a “buy” rating on shares of Repay in a report on Friday. DA Davidson reaffirmed a “buy” rating and set a $10.00 target price on shares of Repay in a research report on Tuesday, November 11th. Keefe, Bruyette & Woods upped their target price on Repay from $5.00 to $5.75 and gave the company a “market perform” rating in a report on Tuesday, August 12th. Canaccord Genuity Group reissued a “buy” rating and issued a $12.00 price target on shares of Repay in a research note on Tuesday, November 11th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Repay in a report on Tuesday, November 11th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Repay currently has a consensus rating of “Hold” and an average target price of $6.92.

Repay Price Performance

Shares of NASDAQ RPAY opened at $3.36 on Friday. Repay has a twelve month low of $3.27 and a twelve month high of $8.57. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average of $4.82 and a two-hundred day moving average of $4.90. The company has a market capitalization of $306.90 million, a price-to-earnings ratio of -2.45 and a beta of 1.61.

Repay (NASDAQ:RPAY) last released its earnings results on Monday, November 10th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. Repay had a negative net margin of 39.08% and a positive return on equity of 9.04%. The business had revenue of $77.73 million for the quarter, compared to the consensus estimate of $76.92 million. During the same period in the previous year, the firm earned $0.23 EPS. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, analysts expect that Repay will post 0.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Repay news, EVP Jacob Hamilton Moore sold 26,385 shares of Repay 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 transaction, the executive vice president owned 193,532 shares of the company’s stock, valued at $1,139,903.48. The trade was a 12.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 12.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Repay by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 27,913 shares of the company’s stock valued at $155,000 after buying an additional 2,802 shares during the period. Spire Wealth Management increased its stake in shares of Repay by 44.2% in the second quarter. Spire Wealth Management now owns 10,970 shares of the company’s stock worth $53,000 after acquiring an additional 3,360 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Repay by 0.3% during the second quarter. Franklin Resources Inc. now owns 1,350,275 shares of the company’s stock worth $6,508,000 after acquiring an additional 4,487 shares in the last quarter. Quarry LP acquired a new stake in Repay during the third quarter valued at $26,000. Finally, Inspire Investing LLC grew its stake in Repay by 8.3% in the third quarter. Inspire Investing LLC now owns 87,195 shares of the company’s stock valued at $456,000 after purchasing an additional 6,664 shares in the last quarter. 82.73% of the stock is 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.