Repay Holdings Co. (NASDAQ:RPAY – Get Rating)’s share price hit a new 52-week low during trading on Monday after Keefe, Bruyette & Woods lowered their price target on the stock from $13.00 to $8.00. The stock traded as low as $6.60 and last traded at $6.73, with a volume of 10909 shares trading hands. The stock had previously closed at $6.85.
A number of other analysts also recently commented on RPAY. Credit Suisse Group decreased their price target on Repay from $15.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday, August 10th. Morgan Stanley decreased their price target on Repay from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 10th. Barclays decreased their price target on Repay from $16.00 to $13.00 and set an “overweight” rating for the company in a research report on Monday, August 15th. Canaccord Genuity Group decreased their target price on Repay from $25.00 to $20.00 in a research report on Wednesday, August 24th. Finally, Citigroup downgraded Repay from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $19.00 to $13.00 in a research report on Wednesday, August 10th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $16.25.
Insider Transactions at Repay
In related news, Director Peter J. Kight purchased 56,956 shares of the business’s stock in a transaction dated Thursday, August 18th. The stock was purchased at an average cost of $9.78 per share, with a total value of $557,029.68. Following the completion of the acquisition, the director now directly owns 1,443,938 shares of the company’s stock, valued at $14,121,713.64. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Repay news, EVP Naomi Barnett sold 4,000 shares of Repay stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $10.80, for a total transaction of $43,200.00. Following the completion of the sale, the executive vice president now owns 60,890 shares of the company’s stock, valued at $657,612. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Peter J. Kight purchased 56,956 shares of the company’s stock in a transaction on Thursday, August 18th. The shares were purchased at an average cost of $9.78 per share, with a total value of $557,029.68. Following the purchase, the director now owns 1,443,938 shares of the company’s stock, valued at $14,121,713.64. The disclosure for this purchase can be found here. Corporate insiders own 11.50% of the company’s stock.
Institutional Investors Weigh In On Repay
Hedge funds have recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. increased its holdings in shares of Repay by 59.1% in the fourth quarter. Westwood Holdings Group Inc. now owns 3,386,366 shares of the company’s stock worth $61,869,000 after buying an additional 1,257,666 shares during the period. Taylor Frigon Capital Management LLC increased its holdings in Repay by 1.6% during the 1st quarter. Taylor Frigon Capital Management LLC now owns 197,593 shares of the company’s stock valued at $2,918,000 after purchasing an additional 3,157 shares during the period. Full18 Capital LLC purchased a new position in Repay during the 1st quarter valued at about $8,559,000. Jackson Creek Investment Advisors LLC purchased a new position in Repay during the 1st quarter valued at about $958,000. Finally, Advisor Group Holdings Inc. increased 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 valued at $62,000 after purchasing an additional 856 shares during the period. Institutional investors own 95.82% of the company’s stock.
Repay Stock Performance
The company has a market cap of $611.24 million, a PE ratio of -51.84 and a beta of 0.89. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.48. The business has a fifty day moving average of $9.56 and a 200-day moving average of $11.92.
Repay (NASDAQ:RPAY – Get Rating) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06). The business had revenue of $67.44 million for the quarter, compared to analysts’ expectations of $69.39 million. Repay had a negative net margin of 3.24% and a positive return on equity of 6.88%. The firm’s revenue for the quarter was up 39.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 EPS. Equities research analysts anticipate that Repay Holdings Co. will post 0.61 earnings per share for the current fiscal year.
About Repay
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.