UBS Group Has Lowered Expectations for Repay (NASDAQ:RPAY) Stock Price

Repay (NASDAQ:RPAY) had its target price lowered by analysts at UBS Group from $4.00 to $3.50 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price target points to a potential upside of 23.46% from the company’s current price.

A number of other analysts have also recently weighed in on RPAY. Benchmark decreased their price target on shares of Repay from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Repay in a research note on Monday, December 29th. DA Davidson reissued a “buy” rating and set a $9.00 price target on shares of Repay in a research report on Tuesday. Wall Street Zen cut Repay from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Morgan Stanley dropped their price objective on shares of Repay from $4.00 to $3.50 and set an “equal weight” rating on the stock in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.14.

Repay Trading Down 6.7%

Shares of Repay stock traded down $0.21 during trading hours on Wednesday, reaching $2.84. The stock had a trading volume of 1,337,058 shares, compared to its average volume of 1,117,293. The firm has a market capitalization of $258.98 million, a price-to-earnings ratio of -0.94 and a beta of 1.64. Repay has a 1 year low of $2.70 and a 1 year high of $6.05. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. The firm has a 50 day simple moving average of $3.34 and a two-hundred day simple moving average of $4.08.

Repay (NASDAQ:RPAY) last posted its earnings results on Monday, March 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The business had revenue of $78.59 million for the quarter, compared to analyst estimates of $76.79 million. Repay had a positive return on equity of 8.63% and a negative net margin of 83.01%.The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the company posted $0.24 EPS. As a group, equities research analysts anticipate that Repay will post 0.72 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Pacific Ridge Capital Partners LLC bought a new position in Repay during the third quarter worth $3,229,000. American Century Companies Inc. increased its stake in Repay by 45.5% during the second quarter. American Century Companies Inc. now owns 6,440,443 shares of the company’s stock valued at $31,043,000 after purchasing an additional 2,013,128 shares during the last quarter. Villanova Investment Management Co LLC raised its holdings in shares of Repay by 221.8% during the second quarter. Villanova Investment Management Co LLC now owns 415,394 shares of the company’s stock worth $2,002,000 after purchasing an additional 286,295 shares during the period. Private Management Group Inc. lifted its position in shares of Repay by 57.3% in the 2nd quarter. Private Management Group Inc. now owns 4,175,111 shares of the company’s stock worth $20,124,000 after buying an additional 1,520,432 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in shares of Repay by 151.3% in the 2nd quarter. Squarepoint Ops LLC now owns 258,258 shares of the company’s stock valued at $1,245,000 after buying an additional 155,509 shares during the period. Institutional investors own 82.73% of the company’s stock.

About Repay

Repay Holdings Corp. (Nasdaq: RPAY) is a specialized financial technology company that delivers integrated payment solutions to businesses operating within key vertical markets. The company’s platform enables merchants and service providers to accept a range of payment types, including credit and debit cards, automated clearing house (ACH) transfers and electronic checks. Repay’s offerings are designed to seamlessly integrate with third-party software applications, such as enterprise resource planning, customer relationship management and point-of-sale systems, empowering industries such as utilities, telecommunications, automotive finance, healthcare, insurance, property management and education.

Tracing its roots to the formation of Pinnacle Payment Systems in 1997, Repay expanded its capabilities through strategic acquisitions, including Southeastern Integrated Solutions and Payliance, before completing a business combination with Thunder Bridge Acquisition II in 2019 to become a publicly traded company on the Nasdaq.