Repay Holdings Co. (NASDAQ:RPAY – Get Rating) shares reached a new 52-week low during trading on Thursday after Morgan Stanley lowered their price target on the stock from $14.00 to $13.00. Morgan Stanley currently has an equal weight rating on the stock. Repay traded as low as $9.76 and last traded at $10.08, with a volume of 3955 shares. The stock had previously closed at $10.25.
Several other research firms have also recently commented on RPAY. Barclays lowered their price target on Repay from $23.00 to $16.00 and set a “na” rating for the company in a report on Monday, May 16th. Credit Suisse Group dropped their price target on Repay from $15.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday. Keefe, Bruyette & Woods lowered Repay from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $21.00 to $13.00 in a report on Wednesday. Canaccord Genuity Group decreased their target price on Repay from $30.00 to $25.00 in a research note on Thursday, May 12th. Finally, Citigroup cut Repay from a “buy” rating to a “neutral” rating and lowered their target price for the company from $19.00 to $13.00 in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Repay currently has an average rating of “Hold” and an average target price of $17.88.
Insider Activity at Repay
In other Repay news, CEO John Andrew Sr. Morris bought 90,000 shares of the business’s stock in a transaction on Wednesday, May 18th. The stock was purchased at an average cost of $11.25 per share, for a total transaction of $1,012,500.00. Following the completion of the purchase, the chief executive officer now directly owns 90,000 shares of the company’s stock, valued at $1,012,500. The acquisition was disclosed in a filing with the SEC, which is available at this link. In related news, Director Peter J. Kight purchased 37,262 shares of the stock in a transaction dated Thursday, June 16th. The stock was bought at an average cost of $10.79 per share, for a total transaction of $402,056.98. Following the completion of the acquisition, the director now owns 1,386,882 shares of the company’s stock, valued at $14,964,456.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO John Andrew Sr. Morris purchased 90,000 shares of the stock in a transaction dated Wednesday, May 18th. The shares were bought at an average price of $11.25 per share, with a total value of $1,012,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 90,000 shares of the company’s stock, valued at approximately $1,012,500. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 157,762 shares of company stock worth $1,757,952. Company insiders own 11.50% of the company’s stock.
Institutional Trading of Repay
Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisor Group Holdings Inc. grew its holdings in Repay by 42.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,884 shares of the company’s stock worth $62,000 after acquiring an additional 856 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Repay during the 1st quarter worth about $98,000. Lazard Asset Management LLC acquired a new stake in Repay during the 1st quarter worth about $110,000. Ensign Peak Advisors Inc grew its holdings in Repay by 434.8% during the 1st quarter. Ensign Peak Advisors Inc now owns 10,590 shares of the company’s stock worth $156,000 after acquiring an additional 8,610 shares during the period. Finally, Bank of Montreal Can bought a new position in shares of Repay during the 2nd quarter worth about $166,000.
Repay Trading Up 2.4 %
The stock’s 50-day moving average price is $12.93 and its 200-day moving average price is $14.17. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48.
Repay (NASDAQ:RPAY – Get Rating) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). The company had revenue of $67.44 million for the quarter, compared to the consensus estimate of $69.39 million. Repay had a positive return on equity of 6.90% and a negative net margin of 3.24%. Repay’s revenue for the quarter was up 39.3% compared to the same quarter last year. During the same period last year, the company earned $0.11 EPS. As a group, sell-side analysts expect that Repay Holdings Co. will post 0.74 EPS for the current fiscal year.
Repay Holdings Corporation provides integrated payment processing solutions to industry-oriented markets. The company’s payment processing solutions enable consumers and businesses to make payments using electronic payment methods. It also offers a range of solutions relating to electronic payment methods, including credit and debit processing, virtual credit card processing, automated clearing house (ACH) processing, enhanced ACH processing, and instant funding that are processed through its proprietary payment channels, such as Web-based, mobile application, text-to-pay, interactive voice response, and point of sale.