Repay (NASDAQ:RPAY) Shares Up 5.5% – Here’s Why

Repay Holdings Co. (NASDAQ:RPAY) traded up 5.5% on Thursday . The company traded as high as $5.24 and last traded at $5.24. 242,534 shares changed hands during trading, a decline of 78% from the average session volume of 1,099,910 shares. The stock had previously closed at $4.96.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Morgan Stanley set a $4.50 price target on Repay in a research report on Wednesday, May 14th. DA Davidson reissued a “buy” rating and set a $14.00 price target on shares of Repay in a research report on Thursday, February 27th. Wall Street Zen downgraded Repay from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. BMO Capital Markets lowered their price target on Repay from $7.00 to $5.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 13th. Finally, Keefe, Bruyette & Woods lowered their price target on Repay from $6.50 to $4.50 and set a “market perform” rating on the stock in a research report on Tuesday, May 13th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $7.90.

Repay Stock Up 1.4%

The firm has a 50-day moving average price of $4.49 and a 200 day moving average price of $6.29. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. The company has a market cap of $519.08 million, a price-to-earnings ratio of -6.00 and a beta of 1.60.

Repay (NASDAQ:RPAY) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The company had revenue of $77.33 million for the quarter, compared to analyst estimates of $76.06 million. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 EPS. Sell-side analysts predict that Repay Holdings Co. will post 0.72 EPS for the current year.

Repay announced that its board has authorized a stock repurchase program on Monday, May 12th that allows the company to buyback $75.00 million in shares. This buyback authorization allows the company to repurchase up to 19% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Repay news, President Shaler Alias bought 15,378 shares of the business’s stock in a transaction on Thursday, May 15th. The stock was purchased at an average cost of $3.93 per share, for a total transaction of $60,435.54. Following the completion of the purchase, the president now directly owns 264,782 shares of the company’s stock, valued at approximately $1,040,593.26. This trade represents a 6.17% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John Andrew Sr. Morris bought 86,761 shares of the business’s stock in a transaction on Thursday, May 15th. The shares were acquired at an average price of $3.89 per share, with a total value of $337,500.29. Following the completion of the purchase, the chief executive officer now directly owns 86,761 shares of the company’s stock, valued at approximately $337,500.29. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 439,702 shares of company stock worth $1,806,974 over the last three months. Insiders own 12.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Quarry LP bought a new position in shares of Repay in the 4th quarter valued at $27,000. Spire Wealth Management lifted its stake in shares of Repay by 52.5% in the 1st quarter. Spire Wealth Management now owns 7,610 shares of the company’s stock valued at $42,000 after acquiring an additional 2,620 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Repay by 57.9% in the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock valued at $46,000 after acquiring an additional 2,077 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of Repay in the 4th quarter valued at $47,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Repay in the 1st quarter valued at $61,000. 82.73% of the stock is currently owned by institutional investors.

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.