Refund (NASDAQ:RPAY – Get a rating) was downgraded by equity analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a research note released on Friday, Fly reports. They currently have a target price of $15.00 on the stock, down from their previous target price of $20.00. Credit Suisse Group’s price target indicates upside potential of 4.02% from the company’s current price.
RPAY has been the subject of a number of other reports. Barclays cut its price target on Repay shares from $23.00 to $16.00 and gave the stock an “na” rating in a Monday May 16 research report. Canaccord Genuity Group lowered its price target on Repay from $30.00 to $25.00 in a Thursday, May 12 report. Finally, Citigroup reduced its price target on Repay from $24.00 to $19.00 in a Thursday, May 12 report. Two investment analysts gave the stock a hold rating and three gave the company a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $20.71.
Reimburse stock performance
NASDAQ:RPAY shares opened at $14.42 on Friday. The stock has a market capitalization of $1.31 billion, a P/E ratio of -51.50 and a beta of 0.69. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt ratio of 0.48. Repay has a 1-year minimum of $9.79 and a 1-year maximum of $25.75. The company has a 50-day moving average price of $12.62 and a two-hundred-day moving average price of $14.58.
Refund (NASDAQ:RPAY – Get a rating) last released its quarterly results on Tuesday, May 10. The company reported earnings per share of $0.16 for the quarter, missing analyst consensus estimates of $0.17 per ($0.01). Repay had a positive return on equity of 6.85% and a negative net margin of 8.63%. The company posted revenue of $67.56 million for the quarter, versus a consensus estimate of $67.36 million. During the same period last year, the company made earnings per share of $0.13. The company’s quarterly revenue increased 42.2% year over year. Stock analysts predict that Repay will post 0.74 earnings per share for the current year.
Insider activity on redemption
In other Repay news, CFO Timothy John Murphy acquired 26,000 shares in a transaction dated Wednesday, May 18. The shares were purchased at an average cost of $11.25 per share, for a total transaction of $292,500.00. Following the completion of the acquisition, the CFO now directly owns 26,000 shares of the company, valued at $292,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. In related news, director Peter J. Kight purchased 37,262 shares of the company in a transaction that took place on Thursday, June 16. The shares were acquired at an average price of $10.79 per share, for a total transaction of $402,056.98. Following the completion of the acquisition, the director now owns 1,386,882 shares of the company, valued at approximately $14,964,456.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available at this link. Also, CFO Timothy John Murphy bought 26,000 shares of the company in a trade on Wednesday, May 18. The stock was purchased at an average price of $11.25 per share, with a total value of $292,500.00. After the purchase was completed, the CFO now owns 26,000 shares of the company, valued at $292,500. Disclosure of this purchase can be found here. During the last quarter, insiders purchased 157,762 shares of the company valued at $1,757,952. 11.50% of the shares are held by insiders.
Institutional investors weigh on redemption
Several large investors have recently changed their positions in RPAY. The Kentucky State Teachers’ Retirement System increased its holdings of Repay stock 6.2% in Q1. The Kentucky State Teachers’ Retirement System now owns 71,741 shares of the company valued at $1,060,000 after purchasing an additional 4,188 shares during the period. Jane Street Group LLC increased its position in Repay by 482.5% during the first quarter. Jane Street Group LLC now owns 71,442 shares of the company worth $1,055,000 after purchasing an additional 59,178 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Repay in the first quarter worth approximately $98,000. Select Equity Group LP increased its position in shares of Repay by 11.0% in the first quarter. Select Equity Group LP now owns 117,033 shares of the company valued at $1,729,000 after purchasing an additional 11,595 shares in the last quarter. Finally, Ensign Peak Advisors Inc increased its equity stake in Repay by 434.8% during the 1st quarter. Ensign Peak Advisors Inc now owns 10,590 shares of the company worth $156,000 after acquiring an additional 8,610 shares during the period.
Repay Holdings Corporation provides integrated payment processing solutions to industry-focused marketplaces. The Company’s payment processing solutions enable consumers and businesses to make payments using electronic payment methods. It also offers a range of solutions related to electronic payment methods, including credit and debit processing, virtual credit card processing, automated clearing house (ACH) processing, enhanced ACH processing and instant funding that are processed through its proprietary payment channels, such as web, mobile app, SMS to pay, interactive voice response and point of sale.
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