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

by · The Cerbat Gem

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

A number of other equities research analysts have also issued reports on the stock. Barclays reduced their target price on shares of Repay from $9.00 to $6.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Keefe, Bruyette & Woods decreased their target price on Repay from $6.50 to $4.50 and set a “market perform” rating for the company in a report on Tuesday, May 13th. UBS Group cut their price target on Repay from $7.50 to $4.50 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. DA Davidson reiterated a “buy” rating and issued a $14.00 price objective on shares of Repay in a research note on Thursday, February 27th. Finally, BMO Capital Markets lowered their price objective 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. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Repay currently has a consensus rating of “Moderate Buy” and an average price target of $7.90.

Check Out Our Latest Stock Report on RPAY

Repay Stock Down 3.4%

Shares of NASDAQ RPAY opened at $4.31 on Monday. 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 business’s 50 day moving average is $4.72 and its two-hundred day moving average is $6.59. Repay has a 52-week low of $3.59 and a 52-week high of $11.27. The firm has a market cap of $428.59 million, a price-to-earnings ratio of -4.95 and a beta of 1.61.

Repay (NASDAQ:RPAY – Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The firm had revenue of $77.33 million for the quarter, compared to analysts’ expectations of $76.06 million. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The business’s revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.23 earnings per share. Research analysts predict that Repay will post 0.72 EPS for the current year.

Repay announced that its Board of Directors has authorized 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 reacquire up to 19% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Repay

In other news, CEO John Andrew Sr. Morris acquired 163,041 shares of the business’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 transaction, the chief executive officer now owns 253,041 shares in the company, valued at $1,062,772.20. This represents a 181.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Shaler Alias bought 15,378 shares of Repay stock in a transaction dated Thursday, May 15th. The stock was purchased at an average price of $3.93 per share, with a total value of $60,435.54. Following the purchase, the president now directly owns 264,782 shares in the company, valued at approximately $1,040,593.26. This trade represents a 6.17% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 439,702 shares of company stock worth $1,806,974. 12.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Repay

Hedge funds have recently added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of Repay during the 4th quarter worth approximately $27,000. R Squared Ltd acquired a new position in Repay during the fourth quarter worth $36,000. Blue Trust Inc. raised its position in Repay by 57.9% in the fourth quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock worth $46,000 after acquiring an additional 2,077 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in Repay in the fourth quarter worth $47,000. Finally, Spire Wealth Management lifted its holdings in Repay by 52.5% in the first quarter. Spire Wealth Management now owns 7,610 shares of the company’s stock valued at $42,000 after acquiring an additional 2,620 shares during the period. Institutional investors and hedge funds own 82.73% of the company’s stock.

About Repay

(Get Free Report)

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.

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