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

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

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

Repay Stock Performance

Repay stock traded down $0.17 during mid-day trading on Wednesday, reaching $3.63. 517,565 shares of the company traded hands, compared to its average volume of 1,170,401. The firm’s fifty day moving average is $5.00 and its two-hundred day moving average is $4.91. The company has a market capitalization of $331.11 million, a price-to-earnings ratio of -2.66 and a beta of 1.60. Repay has a fifty-two week low of $3.27 and a fifty-two week high of $9.75. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.85 and a quick ratio of 0.85.

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

Insider Activity

In related news, EVP Jacob Hamilton Moore sold 26,385 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $5.89, for a total transaction of $155,407.65. Following the sale, the executive vice president directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 12.00% of the company’s stock.

Hedge Funds Weigh In On Repay

Institutional investors have recently made changes to their positions in the stock. Focus Partners Advisor Solutions LLC acquired a new position in shares of Repay in the 2nd quarter worth $49,000. EverSource Wealth Advisors LLC raised its holdings in shares of Repay by 224.4% during the second quarter. EverSource Wealth Advisors LLC now owns 10,433 shares of the company’s stock worth $50,000 after acquiring an additional 7,217 shares in the last quarter. Spire Wealth Management boosted its position in Repay by 44.2% during the second quarter. Spire Wealth Management now owns 10,970 shares of the company’s stock valued at $53,000 after purchasing an additional 3,360 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Repay in the 2nd quarter worth about $56,000. Finally, Pallas Capital Advisors LLC acquired a new position in Repay in the 2nd quarter worth about $57,000. 82.73% of the stock is owned by institutional investors.

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.