Repay Holdings Co. (NASDAQ:RPAY – Get Rating) saw an uptick in trading volume on Thursday . 58,521 shares were traded during mid-day trading, a decline of 90% from the previous session’s volume of 573,722 shares.The stock last traded at $10.77 and had previously closed at $11.37.
A number of brokerages have recently issued reports on RPAY. Credit Suisse Group lowered their price target on shares of Repay from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Wednesday, March 2nd. Citigroup lowered their target price on shares of Repay from $24.00 to $19.00 in a research note on Thursday, May 12th. Morgan Stanley lowered their target price on shares of Repay from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 2nd. Barclays lowered their target price on shares of Repay from $23.00 to $16.00 and set a “na” rating on the stock in a research note on Monday, May 16th. Finally, Canaccord Genuity Group lowered their target price on shares of Repay from $30.00 to $25.00 in a research note on Thursday, May 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $22.00.
The firm has a market capitalization of $971.64 million, a P/E ratio of -38.46 and a beta of 0.75. The stock has a 50 day simple moving average of $12.98 and a 200-day simple moving average of $15.44. 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 posted its earnings results on Tuesday, May 10th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The business had revenue of $67.56 million during the quarter, compared to analysts’ expectations of $67.36 million. Repay had a negative net margin of 8.63% and a positive return on equity of 6.85%. Repay’s revenue for the quarter was up 42.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 EPS. As a group, sell-side analysts expect that Repay Holdings Co. will post 0.78 earnings per share for the current fiscal year.
In related news, CEO John Andrew Sr. Morris bought 90,000 shares of Repay stock in a transaction that occurred on Wednesday, May 18th. The stock was acquired at an average price of $11.25 per share, with a total value of $1,012,500.00. Following the acquisition, the chief executive officer now owns 90,000 shares of the company’s stock, valued at approximately $1,012,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard E. Thornburgh bought 4,500 shares of Repay stock in a transaction on Wednesday, May 18th. The shares were acquired at an average cost of $11.31 per share, for a total transaction of $50,895.00. Following the completion of the acquisition, the director now directly owns 48,157 shares in the company, valued at $544,655.67. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 120,500 shares of company stock worth $1,355,895. Corporate insiders own 11.50% of the company’s stock.
Large investors have recently bought and sold shares of the business. Ensign Peak Advisors Inc acquired a new stake in shares of Repay in the 4th quarter valued at about $36,000. Point72 Hong Kong Ltd purchased a new stake in shares of Repay in the third quarter valued at $53,000. Advisor Group Holdings Inc. grew its position in shares of Repay by 42.2% in the first 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 last quarter. Lazard Asset Management LLC acquired a new stake in shares of Repay during the first quarter worth approximately $110,000. Finally, UBS Group AG increased its stake in shares of Repay by 26.1% in the 3rd quarter. UBS Group AG now owns 6,807 shares of the company’s stock valued at $157,000 after acquiring an additional 1,407 shares during the last quarter.
Repay Company Profile (NASDAQ:RPAY)
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.
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