DA Davidson Lowers Repay (NASDAQ:RPAY) Price Target to $10.00

Repay (NASDAQ:RPAY) had its price objective cut by stock analysts at DA Davidson from $12.00 to $10.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price target points to a potential upside of 81.49% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods raised their target price on Repay from $5.00 to $5.75 and gave the company a “market perform” rating in a research note on Tuesday. Citigroup decreased their price target on Repay from $8.00 to $4.50 and set a “neutral” rating for the company in a research report on Monday, May 19th. UBS Group decreased their price target on Repay from $7.50 to $4.50 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. BMO Capital Markets decreased 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. Finally, Morgan Stanley increased their price target on Repay from $4.50 to $5.00 and gave the company an “equal weight” rating in a research report on Tuesday. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $7.22.

Repay Trading Down 3.3%

Shares of RPAY stock opened at $5.51 on Wednesday. The stock has a 50-day simple moving average of $4.99 and a 200 day simple moving average of $5.34. Repay has a fifty-two week low of $3.59 and a fifty-two week high of $9.75. The stock has a market capitalization of $547.91 million, a P/E ratio of -4.37 and a beta of 1.64. The company has a quick ratio of 3.71, a current ratio of 0.85 and a debt-to-equity ratio of 0.44.

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

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

Institutional Investors Weigh In On Repay

Institutional investors have recently bought and sold shares of the business. Spire Wealth Management boosted its position in Repay by 52.5% during the 1st 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. Principal Financial Group Inc. boosted its position in 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 acquiring an additional 13,722 shares during the period. ProShare Advisors LLC raised its stake in shares of Repay by 42.8% during the 4th quarter. ProShare Advisors LLC now owns 24,424 shares of the company’s stock worth $186,000 after purchasing an additional 7,323 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Repay by 3.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,927 shares of the company’s stock worth $1,029,000 after purchasing an additional 4,980 shares in the last quarter. Finally, Private Management Group Inc. raised its stake in shares of Repay by 52.6% during the 1st 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 in the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.

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.