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

Repay (NASDAQ:RPAY) had its price objective cut by Keefe, Bruyette & Woods from $9.00 to $8.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 3.09% from the company’s previous close.

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

Repay Price Performance

Shares of Repay stock traded up $0.06 during trading on Monday, reaching $7.76. 28,025 shares of the company’s stock were exchanged, compared to its average volume of 169,911. The firm’s 50-day moving average price is $8.04 and its 200 day moving average price is $8.50. The company has a market cap of $757.63 million, a P/E ratio of -8.92 and a beta of 1.42. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. Repay has a 1-year low of $7.04 and a 1-year high of $11.27.

Repay (NASDAQ:RPAY) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23. The company had revenue of $79.15 million for the quarter, compared to the consensus estimate of $78.97 million. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $0.16 EPS. As a group, research analysts anticipate that Repay will post 0.72 earnings per share for the current year.

Insider Activity at Repay

In other news, CFO Timothy John Murphy sold 57,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total transaction of $470,250.00. Following the completion of the transaction, the chief financial officer now owns 450,879 shares in the company, valued at approximately $3,719,751.75. This represents a 11.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Repay

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RPAY. Rhumbline Advisers increased its holdings in shares of Repay by 8.0% in the second quarter. Rhumbline Advisers now owns 150,297 shares of the company’s stock worth $1,587,000 after purchasing an additional 11,172 shares during the period. American Century Companies Inc. grew its position in Repay by 6.7% in the second quarter. American Century Companies Inc. now owns 2,532,717 shares of the company’s stock worth $26,745,000 after acquiring an additional 158,668 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Repay by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,382,033 shares of the company’s stock valued at $35,715,000 after acquiring an additional 45,656 shares during the last quarter. King Luther Capital Management Corp raised its position in Repay by 5.9% during the second quarter. King Luther Capital Management Corp now owns 340,944 shares of the company’s stock valued at $3,600,000 after purchasing an additional 18,944 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in Repay by 8.8% during the second quarter. Sei Investments Co. now owns 282,337 shares of the company’s stock worth $2,981,000 after purchasing an additional 22,749 shares during the last quarter. Institutional investors own 82.73% of the company’s stock.

About Repay

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.