Morgan Stanley Lowers Repay (NASDAQ:RPAY) Price Target to $4.00

Repay (NASDAQ:RPAY) had its price objective dropped by stock analysts at Morgan Stanley from $5.00 to $4.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 14.29% from the company’s current price.

Several other equities research analysts have also commented on RPAY. DA Davidson reiterated a “buy” rating and set a $10.00 price target on shares of Repay in a research note on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Repay in a research report on Wednesday, November 5th. UBS Group decreased their target price on Repay from $5.75 to $4.00 and set a “neutral” rating for the company in a research report on Tuesday. Keefe, Bruyette & Woods raised their price target on Repay from $5.00 to $5.75 and gave the stock a “market perform” rating in a research note on Tuesday, August 12th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $12.00 price target on shares of Repay in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $6.92.

Repay Trading Down 3.0%

RPAY opened at $3.50 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 0.81. Repay has a one year low of $3.27 and a one year high of $8.68. The company has a market cap of $319.69 million, a P/E ratio of -2.55 and a beta of 1.60. The business’s 50-day simple moving average is $4.91 and its 200-day simple moving average is $4.89.

Repay (NASDAQ:RPAY) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. Repay had a positive return on equity of 9.04% and a negative net margin of 39.08%.The firm had revenue of $77.73 million during the quarter, compared to the consensus estimate of $76.92 million. During the same period in the prior year, the company posted $0.23 earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, equities research analysts expect that Repay will post 0.72 EPS for the current fiscal year.

Insider Activity at Repay

In other news, EVP Jacob Hamilton Moore sold 26,385 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $5.89, for a total value of $155,407.65. Following the completion of the sale, the executive vice president owned 193,532 shares in the company, valued at approximately $1,139,903.48. This trade represents a 12.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 12.00% of the company’s stock.

Institutional Investors Weigh In On Repay

A number of hedge funds have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas acquired a new position in Repay during the 1st quarter worth approximately $61,000. Principal Financial Group Inc. boosted its stake in shares of Repay by 9.0% in the first quarter. Principal Financial Group Inc. now owns 166,377 shares of the company’s stock valued at $927,000 after buying an additional 13,722 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Repay during the first quarter worth $361,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Repay in the first quarter worth $701,000. Finally, Private Management Group Inc. lifted its holdings in Repay by 52.6% in the first quarter. Private Management Group Inc. now owns 2,654,679 shares of the company’s stock valued at $14,787,000 after acquiring an additional 914,529 shares during the period. Institutional investors and hedge funds own 82.73% of the company’s stock.

Repay Company Profile

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.