Repay (NASDAQ:RPAY) Price Target Lowered to $5.00 at BMO Capital Markets

Repay (NASDAQ:RPAY) had its price target decreased by BMO Capital Markets from $7.00 to $5.00 in a research note issued to investors on Tuesday,Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

A number of other research analysts have also recently commented on the company. Barclays lowered their target price on Repay from $9.00 to $6.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Canaccord Genuity Group lowered their price objective on Repay from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. UBS Group lowered their price objective on Repay from $7.50 to $4.50 and set a “neutral” rating for the company in a research note on Tuesday. Stephens reiterated an “overweight” rating and set a $11.00 price objective on shares of Repay in a research note on Tuesday, March 4th. Finally, DA Davidson reiterated a “buy” rating and set a $14.00 price objective on shares of Repay in a research note on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.75.

Repay Trading Down 2.2%

RPAY opened at $3.95 on Tuesday. The stock has a market cap of $385.08 million, a PE ratio of -4.54 and a beta of 1.61. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. The business has a 50 day moving average of $4.90 and a 200-day moving average of $6.73. Repay has a 52 week low of $3.59 and a 52 week high of $11.27.

Repay (NASDAQ:RPAY) last released its earnings results on Monday, May 12th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The firm had revenue of $77.33 million during the quarter, compared to analysts’ expectations of $76.06 million. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 EPS. Equities research analysts predict that Repay will post 0.72 earnings per share for the current fiscal year.

Repay announced that its board has approved a share buyback program on Monday, May 12th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to buy up to 19% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Institutional Trading of Repay

A number of institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. increased its holdings in shares of 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 in the last quarter. Invesco Ltd. increased its holdings in shares of Repay by 1.4% in the 4th quarter. Invesco Ltd. now owns 159,371 shares of the company’s stock worth $1,216,000 after purchasing an additional 2,142 shares in the last quarter. Bailard Inc. increased its holdings in shares of Repay by 5.7% in the 4th quarter. Bailard Inc. now owns 42,600 shares of the company’s stock worth $325,000 after purchasing an additional 2,300 shares in the last quarter. Spire Wealth Management grew its holdings in shares of Repay by 52.5% in the first quarter. Spire Wealth Management now owns 7,610 shares of the company’s stock worth $42,000 after acquiring an additional 2,620 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Repay by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 27,913 shares of the company’s stock worth $155,000 after acquiring an additional 2,802 shares during the period. Institutional investors own 82.73% of the company’s stock.

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.