Repay (NASDAQ:RPAY) Given Sell (E+) Rating at Weiss Ratings

Weiss Ratings reissued their sell (e+) rating on shares of Repay (NASDAQ:RPAY) in a report released on Tuesday,Weiss Ratings reports.

Other equities analysts also recently issued research reports about the company. Canaccord Genuity Group restated a “buy” rating and issued a $12.00 target price on shares of Repay in a research report on Friday, August 22nd. Morgan Stanley raised their target price on Repay from $4.50 to $5.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. UBS Group raised their target price on Repay from $4.50 to $5.75 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded Repay from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Finally, 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 report on Tuesday, August 12th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $7.22.

Repay Stock Down 2.1%

Shares of RPAY opened at $4.63 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.44. Repay has a 12 month low of $3.59 and a 12 month high of $9.75. The stock’s 50 day moving average is $5.46 and its two-hundred day moving average is $4.97. The firm has a market cap of $422.90 million, a P/E ratio of -3.67 and a beta of 1.60.

Repay (NASDAQ:RPAY) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $75.63 million for the quarter, compared to analyst estimates of $74.24 million. Repay had a positive return on equity of 8.89% and a negative net margin of 35.79%.Repay’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the company earned $0.22 earnings per share. Analysts predict that Repay will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Jacob Hamilton Moore sold 26,385 shares of Repay stock in a transaction that occurred on 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 in the company, valued at approximately $1,139,903.48. This trade represents a 12.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 12.00% of the company’s stock.

Institutional Investors Weigh In On Repay

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Inspire Investing LLC acquired a new stake in Repay during the first quarter worth $346,000. 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. Principal Financial Group Inc. increased its stake in Repay by 9.0% during the first 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 last quarter. Continental Advisors LLC increased its stake in Repay by 267.2% during the first quarter. Continental Advisors LLC now owns 336,090 shares of the company’s stock worth $1,872,000 after acquiring an additional 244,556 shares during the last quarter. Finally, Private Management Group Inc. increased its stake in Repay by 52.6% during the first quarter. Private Management Group Inc. now owns 2,654,679 shares of the company’s stock worth $14,787,000 after acquiring an additional 914,529 shares during the last quarter. Institutional investors and hedge funds 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.