UBS Group Has Lowered Expectations for Repay (NASDAQ:RPAY) Stock Price

Repay (NASDAQ:RPAY) had its target price cut by equities research analysts at UBS Group from $4.00 to $3.50 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 29.15% from the stock’s previous close.

RPAY has been the subject of several other research reports. Canaccord Genuity Group restated a “buy” rating and issued a $12.00 price target on shares of Repay in a report on Tuesday, November 11th. Morgan Stanley dropped their price objective on shares of Repay from $4.00 to $3.50 and set an “equal weight” rating on the stock in a research note on Tuesday. Benchmark cut their price objective on shares of Repay from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday. DA Davidson reissued a “buy” rating and issued a $9.00 price objective on shares of Repay in a research note on Tuesday. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Repay in a report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Repay currently has an average rating of “Hold” and a consensus price target of $6.14.

Repay Stock Down 4.6%

Shares of NASDAQ:RPAY opened at $2.71 on Wednesday. The business’s 50 day moving average is $3.30 and its 200 day moving average is $4.06. The stock has a market cap of $247.56 million, a P/E ratio of -0.89 and a beta of 1.64. Repay has a 52-week low of $2.69 and a 52-week high of $6.05. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.58.

Repay (NASDAQ:RPAY) last issued its earnings results on Monday, March 9th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Repay had a negative net margin of 83.01% and a positive return on equity of 9.30%. The firm had revenue of $78.59 million for the quarter, compared to the consensus estimate of $76.79 million. During the same period last year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. Sell-side analysts predict that Repay will post 0.72 EPS for the current year.

Hedge Funds Weigh In On Repay

Hedge funds have recently made changes to their positions in the company. American Century Companies Inc. raised its stake in Repay by 3.5% in the 3rd quarter. American Century Companies Inc. now owns 6,667,792 shares of the company’s stock worth $34,873,000 after acquiring an additional 227,349 shares during the last quarter. Private Management Group Inc. grew its stake in Repay by 30.5% during the 4th quarter. Private Management Group Inc. now owns 5,412,492 shares of the company’s stock valued at $19,756,000 after purchasing an additional 1,263,399 shares during the last quarter. Sunriver Management LLC increased its holdings in shares of Repay by 11.0% in the fourth quarter. Sunriver Management LLC now owns 4,361,524 shares of the company’s stock valued at $15,920,000 after purchasing an additional 433,524 shares during the period. Whetstone Capital Advisors LLC increased its holdings in shares of Repay by 1,832.1% in the fourth quarter. Whetstone Capital Advisors LLC now owns 2,728,627 shares of the company’s stock valued at $9,959,000 after purchasing an additional 2,587,400 shares during the period. Finally, Portolan Capital Management LLC purchased a new position in shares of Repay in the third quarter worth about $11,417,000. 82.73% of the stock is owned by institutional investors and hedge funds.

Repay Company Profile

Repay Holdings Corp. (Nasdaq: RPAY) is a specialized financial technology company that delivers integrated payment solutions to businesses operating within key vertical markets. The company’s platform enables merchants and service providers to accept a range of payment types, including credit and debit cards, automated clearing house (ACH) transfers and electronic checks. Repay’s offerings are designed to seamlessly integrate with third-party software applications, such as enterprise resource planning, customer relationship management and point-of-sale systems, empowering industries such as utilities, telecommunications, automotive finance, healthcare, insurance, property management and education.

Tracing its roots to the formation of Pinnacle Payment Systems in 1997, Repay expanded its capabilities through strategic acquisitions, including Southeastern Integrated Solutions and Payliance, before completing a business combination with Thunder Bridge Acquisition II in 2019 to become a publicly traded company on the Nasdaq.