Repay (NASDAQ:RPAY) Rating Lowered to Strong Sell at BidaskClub

Repay (NASDAQ:RPAY) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Tuesday, BidAskClub reports.

A number of other analysts also recently issued reports on RPAY. DA Davidson lifted their price objective on Repay from $20.00 to $31.00 in a research note on Wednesday, June 17th. Canaccord Genuity lifted their target price on Repay from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Northland Securities reiterated a “buy” rating and issued a $28.00 target price on shares of Repay in a report on Monday, August 10th. BTIG Research reiterated a “buy” rating and issued a $29.00 target price on shares of Repay in a report on Monday, August 10th. Finally, Keefe, Bruyette & Woods lifted their target price on Repay from $20.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $26.89.

NASDAQ:RPAY opened at $23.16 on Tuesday. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.45. Repay has a 1 year low of $10.69 and a 1 year high of $27.93. The stock’s 50 day simple moving average is $24.16 and its two-hundred day simple moving average is $20.96.

Repay (NASDAQ:RPAY) last released its quarterly earnings data on Monday, August 10th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.04. Repay had a negative return on equity of 6.54% and a negative net margin of 32.85%. The business had revenue of $36.50 million for the quarter, compared to the consensus estimate of $31.83 million. Analysts expect that Repay will post 0.29 EPS for the current year.

In related news, President Shaler Alias sold 283,820 shares of the business’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $23.16, for a total transaction of $6,573,271.20. Following the completion of the transaction, the president now owns 315,979 shares in the company, valued at approximately $7,318,073.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Timothy John Murphy sold 54,950 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $22.30, for a total value of $1,225,385.00. Following the transaction, the chief financial officer now owns 346,964 shares of the company’s stock, valued at approximately $7,737,297.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 557,764 shares of company stock valued at $12,721,680. 16.54% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the business. FMR LLC lifted its holdings in shares of Repay by 389.0% in the 2nd quarter. FMR LLC now owns 4,625,339 shares of the company’s stock worth $113,922,000 after buying an additional 3,679,479 shares during the period. Bamco Inc. NY lifted its holdings in shares of Repay by 520.8% in the 2nd quarter. Bamco Inc. NY now owns 3,814,500 shares of the company’s stock worth $93,951,000 after buying an additional 3,200,100 shares during the period. Sylebra Capital Ltd purchased a new stake in shares of Repay in the 1st quarter worth $54,428,000. Wasatch Advisors Inc. lifted its holdings in shares of Repay by 56.5% in the 2nd quarter. Wasatch Advisors Inc. now owns 3,356,497 shares of the company’s stock worth $82,671,000 after buying an additional 1,212,349 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Repay by 57.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,274,181 shares of the company’s stock worth $56,012,000 after buying an additional 833,733 shares during the period. Institutional investors and hedge funds own 85.52% of the company’s stock.

About Repay

Repay Holdings Corporation provides integrated payment processing solutions in the United States. The company offers credit and debit card processing, automated clearing house processing, and funding solutions. It primarily serves clients in consumer finance, automotive, receivables management, and healthcare sectors, as well as financial institutions.

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Analyst Recommendations for Repay (NASDAQ:RPAY)

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