Repay (NASDAQ:RPAY) Given New $4.00 Price Target at Morgan Stanley

Repay (NASDAQ:RPAY) had its price objective lowered by analysts at Morgan Stanley from $5.00 to $4.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 10.34% from the company’s current price.

Several other research analysts have also issued reports on the company. DA Davidson restated a “buy” rating and issued a $10.00 price target on shares of Repay in a research report on Tuesday. Wall Street Zen upgraded Repay from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Repay in a research note on Wednesday, November 5th. Canaccord Genuity Group reiterated a “buy” rating and issued a $12.00 price target on shares of Repay in a research note on Tuesday. Finally, Keefe, Bruyette & Woods increased their price target on Repay from $5.00 to $5.75 and gave the stock a “market perform” rating in a research report on Tuesday, August 12th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.92.

Repay Stock Performance

Shares of RPAY stock traded down $0.17 during mid-day trading on Wednesday, reaching $3.63. The stock had a trading volume of 517,565 shares, compared to its average volume of 1,170,401. The firm has a market cap of $331.11 million, a PE ratio of -2.66 and a beta of 1.60. Repay has a one year low of $3.27 and a one year high of $9.75. The firm’s 50 day simple moving average is $5.00 and its 200 day simple moving average is $4.91. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.44.

Repay (NASDAQ:RPAY) last announced its earnings results on Monday, November 10th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $77.73 million during the quarter, compared to the consensus estimate of $76.92 million. Repay had a negative net margin of 39.08% and a positive return on equity of 8.72%. The company’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 earnings per share. On average, analysts forecast that Repay will post 0.72 EPS for the current year.

Insider Activity

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. American Century Companies Inc. raised its stake in Repay by 3.5% in the 3rd quarter. American Century Companies Inc. now owns 6,667,792 shares of the company’s stock valued at $34,873,000 after acquiring an additional 227,349 shares during the period. Sunriver Management LLC boosted its stake in Repay by 2.1% in the first quarter. Sunriver Management LLC now owns 6,168,501 shares of the company’s stock worth $34,359,000 after buying an additional 125,133 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Repay by 4.4% in the 1st quarter. Wellington Management Group LLP now owns 4,917,703 shares of the company’s stock valued at $27,392,000 after purchasing an additional 207,212 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Repay by 1.8% in the first quarter. Vanguard Group Inc. now owns 4,770,074 shares of the company’s stock worth $26,569,000 after purchasing an additional 82,196 shares during the last quarter. Finally, Private Management Group Inc. increased its position in Repay by 57.3% during the 2nd quarter. Private Management Group Inc. now owns 4,175,111 shares of the company’s stock valued at $20,124,000 after purchasing an additional 1,520,432 shares during the period. Institutional investors 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.