Keefe, Bruyette & Woods Has Lowered Expectations for Repay (NASDAQ:RPAY) Stock Price

Repay (NASDAQ:RPAY) had its price objective cut by analysts at Keefe, Bruyette & Woods from $9.00 to $8.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 6.10% from the company’s current price.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a $13.00 price target on shares of Repay in a research note on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $12.33.

Repay Stock Down 1.4 %

Repay stock opened at $7.54 on Monday. The business’s 50-day moving average price is $8.04 and its 200 day moving average price is $8.46. 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 firm has a market cap of $736.15 million, a price-to-earnings ratio of -8.67 and a beta of 1.42. Repay has a 52 week low of $7.04 and a 52 week high of $11.27.

Repay (NASDAQ:RPAY) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The business had revenue of $79.15 million for the quarter, compared to analysts’ expectations of $78.97 million. During the same quarter last year, the company earned $0.16 EPS. The business’s revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Repay will post 0.72 earnings per share for the current year.

Insider Transactions at Repay

In other news, CFO Timothy John Murphy sold 57,000 shares of Repay stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total value of $470,250.00. Following the sale, the chief financial officer now directly owns 450,879 shares of the company’s stock, valued at $3,719,751.75. The trade was a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 11.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. acquired a new stake in shares of Repay in the third quarter valued at about $1,122,000. Villanova Investment Management Co LLC raised its holdings in Repay by 71.7% in the 3rd quarter. Villanova Investment Management Co LLC now owns 281,439 shares of the company’s stock valued at $2,297,000 after acquiring an additional 117,573 shares during the last quarter. Barclays PLC lifted its stake in Repay by 2,382.5% in the 3rd quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock worth $12,134,000 after purchasing an additional 1,427,078 shares in the last quarter. Millrace Asset Group Inc. boosted its holdings in shares of Repay by 216.7% during the 3rd quarter. Millrace Asset Group Inc. now owns 323,139 shares of the company’s stock worth $2,637,000 after purchasing an additional 221,102 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Repay in the second quarter valued at approximately $1,365,000. 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.