Repay (NASDAQ:RPAY) Receives Neutral Rating from UBS Group

UBS Group reissued their neutral rating on shares of Repay (NASDAQ:RPAY) in a research note issued to investors on Wednesday morning, MarketBeat.com reports. They currently have a $5.75 target price on the stock, up from their previous target price of $4.50.

Several other research firms have also issued reports on RPAY. Wall Street Zen lowered Repay from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Morgan Stanley lifted their price target on Repay from $4.50 to $5.00 and gave the stock an “equal weight” rating in a research report on Tuesday. BMO Capital Markets lowered their price target on Repay from $7.00 to $5.00 and set a “market perform” rating for the company in a research report on Tuesday, May 13th. Keefe, Bruyette & Woods lifted their price target on Repay from $5.00 to $5.75 and gave the stock a “market perform” rating in a research report on Tuesday. Finally, DA Davidson decreased their target price on Repay from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7.22.

Repay Stock Performance

Shares of RPAY stock opened at $5.70 on Wednesday. Repay has a 12 month low of $3.59 and a 12 month high of $9.75. The stock has a market cap of $566.81 million, a PE ratio of -4.52 and a beta of 1.64. The company has a current ratio of 0.85, a quick ratio of 3.71 and a debt-to-equity ratio of 0.44. The company’s fifty day moving average price is $4.98 and its 200-day moving average price is $5.36.

Repay (NASDAQ:RPAY) last announced its earnings results on Monday, August 11th. The company reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. The firm had revenue of $75.63 million for the quarter, compared to analysts’ expectations of $74.24 million. Repay had a negative net margin of 35.79% and a positive return on equity of 8.89%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 EPS. On average, equities analysts expect that Repay will post 0.72 EPS for the current fiscal year.

Repay announced that its board has approved a stock buyback plan on Monday, May 12th that allows the company to buyback $75.00 million in shares. This buyback authorization allows the company to buy up to 19% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Repay

Hedge funds and other institutional investors have recently made changes to their positions in the business. Invesco Ltd. grew its stake in shares of Repay by 1.4% during the 4th quarter. Invesco Ltd. now owns 159,371 shares of the company’s stock valued at $1,216,000 after acquiring an additional 2,142 shares during the period. Spire Wealth Management boosted its stake 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 during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Repay by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 27,913 shares of the company’s stock worth $155,000 after purchasing an additional 2,802 shares during the period. Quarry LP bought a new position in Repay in the 4th quarter worth approximately $27,000. Finally, Franklin Resources Inc. boosted its stake in Repay by 0.3% in the 2nd quarter. Franklin Resources Inc. now owns 1,350,275 shares of the company’s stock worth $6,508,000 after purchasing an additional 4,487 shares during the period. Hedge funds and other institutional investors own 82.73% of the company’s stock.

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.