Repay (NASDAQ:RPAY) Price Target Cut to $4.50 by Analysts at Citigroup

Repay (NASDAQ:RPAY) had its target price decreased by Citigroup from $8.00 to $4.50 in a report issued on Monday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Other equities research analysts have also issued research reports about the stock. UBS Group reduced their price target on shares of Repay from $7.50 to $4.50 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. 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 report on Tuesday, March 4th. Keefe, Bruyette & Woods decreased their price target 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. BMO Capital Markets cut their price objective on shares of Repay from $7.00 to $5.00 and set a “market perform” rating for the company in a research report on Tuesday, May 13th. Finally, Stephens reaffirmed an “overweight” rating and issued a $11.00 target price on shares of Repay in a report on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $7.90.

Repay Stock Up 0.5%

Shares of Repay stock opened at $4.12 on Monday. Repay has a twelve month low of $3.59 and a twelve month high of $11.27. 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 company’s 50 day moving average is $4.77 and its 200 day moving average is $6.62. The company has a market cap of $409.69 million, a price-to-earnings ratio of -4.74 and a beta of 1.61.

Repay (NASDAQ:RPAY) last released its quarterly earnings results on Monday, May 12th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate 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 period in the previous year, the company earned $0.23 earnings per share. Repay’s quarterly revenue was down 4.2% compared to the same quarter last year. Research analysts anticipate that Repay will post 0.72 EPS for the current year.

Repay announced that its board has initiated a stock repurchase program on Monday, May 12th that allows the company to buyback $75.00 million in shares. This buyback authorization allows the company to reacquire up to 19% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, President Shaler Alias purchased 15,378 shares of Repay stock in a transaction on Thursday, May 15th. The shares were bought at an average cost of $3.93 per share, for a total transaction of $60,435.54. Following the acquisition, the president now owns 264,782 shares in the company, valued at approximately $1,040,593.26. The trade was a 6.17% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Andrew Sr. Morris purchased 163,041 shares of the firm’s stock in a transaction on Wednesday, May 14th. The stock was bought at an average price of $4.20 per share, for a total transaction of $684,772.20. Following the purchase, the chief executive officer now owns 253,041 shares in the company, valued at approximately $1,062,772.20. This represents a 181.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 439,702 shares of company stock valued at $1,806,974. Corporate insiders own 12.00% of the company’s stock.

Hedge Funds Weigh In On Repay

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RPAY. Quarry LP purchased a new position in shares of Repay in the fourth quarter valued at $27,000. R Squared Ltd purchased a new position in Repay in the fourth quarter worth about $36,000. Spire Wealth Management increased its stake in Repay by 52.5% during 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 last quarter. Blue Trust Inc. raised its position in Repay by 57.9% during the fourth quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock valued at $46,000 after purchasing an additional 2,077 shares during the period. Finally, Johnson Financial Group Inc. bought a new stake in shares of Repay in the 4th quarter valued at approximately $47,000. 82.73% of the stock is owned by 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.