Repay (NASDAQ:RPAY) Downgraded to Sell at BidaskClub

Repay (NASDAQ:RPAY) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday, BidAskClub reports.

Several other analysts also recently weighed in on the company. ValuEngine upgraded Repay from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Credit Suisse Group raised their target price on Repay from $17.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, June 12th. Zacks Investment Research downgraded Repay from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. DA Davidson lifted their price target on Repay from $20.00 to $31.00 in a research note on Wednesday, June 17th. Finally, Northland Securities initiated coverage on Repay in a research note on Friday, June 26th. They issued a “buy” rating and a $28.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $26.44.

Shares of Repay stock traded up $0.16 during trading hours on Friday, hitting $22.13. 839,580 shares of the company’s stock traded hands, compared to its average volume of 542,643. The stock has a 50 day simple moving average of $24.83 and a 200-day simple moving average of $19.32. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.53. Repay has a twelve month low of $10.69 and a twelve month high of $27.93.

Repay (NASDAQ:RPAY) last announced its earnings results on Monday, May 11th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02. The business had revenue of $39.46 million for the quarter, compared to analyst estimates of $37.86 million. The business’s revenue was up 71.4% compared to the same quarter last year. As a group, equities analysts forecast that Repay will post 0.46 EPS for the current fiscal year.

In other Repay news, CFO Timothy John Murphy sold 54,950 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $22.30, for a total value of $1,225,385.00. Following the transaction, the chief financial officer now owns 346,964 shares of the company’s stock, valued at $7,737,297.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Herman Hartheimer sold 10,000 shares of Repay stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $18.37, for a total value of $183,700.00. The disclosure for this sale can be found here. Insiders sold 595,909 shares of company stock worth $13,565,380 in the last three months. 16.54% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in RPAY. Great West Life Assurance Co. Can bought a new stake in shares of Repay during the fourth quarter valued at approximately $33,000. UBS Group AG raised its holdings in shares of Repay by 32.0% during the first quarter. UBS Group AG now owns 2,640 shares of the company’s stock valued at $38,000 after buying an additional 640 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Repay by 134.4% during the first quarter. Tower Research Capital LLC TRC now owns 5,544 shares of the company’s stock valued at $65,000 after buying an additional 3,179 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Repay by 244.3% during the first quarter. Deutsche Bank AG now owns 8,900 shares of the company’s stock valued at $128,000 after buying an additional 6,315 shares during the last quarter. Finally, Man Group plc acquired a new position in shares of Repay during the fourth quarter valued at approximately $161,000. 83.64% of the stock is currently owned by institutional investors.

Repay Company Profile

Repay Holdings Corporation provides integrated payment processing solutions in the United States. The company offers credit and debit card processing, automated clearing house processing, and funding solutions. It primarily serves clients in consumer finance, automotive, receivables management, and healthcare sectors, as well as financial institutions.

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Analyst Recommendations for Repay (NASDAQ:RPAY)

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