Repay (NASDAQ:RPAY) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of Repay (NASDAQ:RPAY) from a hold rating to a sell rating in a report published on Wednesday, BidAskClub reports.

Several other brokerages also recently weighed in on RPAY. Northland Securities restated a buy rating and set a $28.00 price objective on shares of Repay in a research report on Monday, August 10th. DA Davidson raised their price objective on shares of Repay from $20.00 to $31.00 in a research report on Wednesday, June 17th. Zacks Investment Research raised shares of Repay from a sell rating to a hold rating in a report on Tuesday, October 13th. Barclays began coverage on Repay in a report on Thursday, September 17th. They set an overweight rating and a $28.00 price target on the stock. Finally, Morgan Stanley began coverage on Repay in a report on Monday, October 5th. They set an equal weight rating and a $25.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $26.82.

Shares of NASDAQ:RPAY opened at $23.50 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.11 and a current ratio of 3.11. Repay has a twelve month low of $10.69 and a twelve month high of $27.93. The firm has a 50 day simple moving average of $24.24 and a 200-day simple moving average of $22.24.

Repay (NASDAQ:RPAY) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.04. The business had revenue of $36.50 million during the quarter, compared to the consensus estimate of $31.83 million. Repay had a negative net margin of 32.85% and a negative return on equity of 6.54%. As a group, sell-side analysts predict that Repay will post 0.29 earnings per share for the current fiscal year.

In other news, President Shaler Alias sold 283,820 shares of Repay stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $23.16, for a total transaction of $6,573,271.20. Following the completion of the sale, the president now directly owns 315,979 shares in the company, valued at approximately $7,318,073.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Jason Kirk sold 9,819 shares of Repay stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $22.91, for a total transaction of $224,953.29. Following the sale, the chief technology officer now owns 260,568 shares of the company’s stock, valued at $5,969,612.88. The disclosure for this sale can be found here. Insiders sold a total of 748,945 shares of company stock worth $17,314,310 in the last ninety days. 16.54% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. UBS Group AG lifted its position in shares of Repay by 32.0% during the 1st quarter. UBS Group AG now owns 2,640 shares of the company’s stock valued at $38,000 after acquiring an additional 640 shares during the period. Bank of Montreal Can acquired a new stake in shares of Repay during the 2nd quarter valued at approximately $74,000. Tower Research Capital LLC TRC lifted its position in shares of Repay by 134.4% during the 1st quarter. Tower Research Capital LLC TRC now owns 5,544 shares of the company’s stock valued at $65,000 after acquiring an additional 3,179 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of Repay during the 2nd quarter valued at approximately $80,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Repay by 55.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 14,846 shares of the company’s stock worth $366,000 after purchasing an additional 5,306 shares during the last quarter. Institutional investors own 85.52% of the company’s stock.

Repay Company Profile

Repay Holdings Corporation provides integrated payment processing solutions to industry-oriented markets. Its payment processing solutions enable consumers and businesses to make payments using electronic payment methods. The company offers a range of solutions relating to electronic payment methods, including credit and debit processing, automated clearing house processing, and instant funding.

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Analyst Recommendations for Repay (NASDAQ:RPAY)

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