Repay stock target cut to $4.50 by Keefe, Bruyette & Woods

Published 13/05/2025, 12:42
Repay stock target cut to $4.50 by Keefe, Bruyette & Woods

On Tuesday, Keefe, Bruyette & Woods made a revision to their price target on Repay Holdings Corporation (NASDAQ:RPAY), reducing it to $4.50 from the previous $6.50, while maintaining a Market Perform rating. The adjustment follows the company’s earnings conference call where Repay’s management highlighted their focus on normalized gross profit growth in the second half of 2025 and concluded their strategic review by emphasizing investment in organic growth.

The firm’s analyst noted that the recent quarter was positive for Repay, but described the outcome of the strategic review, which resulted in an upgraded share repurchase authorization, as somewhat underwhelming. According to InvestingPro data, management has been aggressively buying back shares, though the analyst suggested that it might be prudent to wait for additional catalysts before changing the Market Perform rating.

Repay’s management addressed both challenges and opportunities during the earnings call. They acknowledged the near-term headwinds the company is facing, including client losses and macroeconomic uncertainty. The company maintains strong liquidity with a current ratio of 3.71 and posted modest revenue growth of 2.26% in the last twelve months. Despite these issues, the management team expressed confidence in Repay’s long-term growth potential.

The firm’s stance remains cautious, advising investors to look for further triggers that could potentially influence the company’s performance. The current sentiment is to hold steady and monitor Repay’s progress, particularly in terms of its organic growth strategies and their impact on future profitability.

In summary, while Repay’s focus on organic growth and the positive aspects of the recent quarter were recognized, the firm’s analyst believes that more definitive signs of progress are necessary to warrant a change in the stock’s rating. Investors are advised to await further developments that may provide clearer indications of Repay’s trajectory.

In other recent news, Repay Holdings Corp reported disappointing financial results for the first quarter of 2025. The company posted an earnings per share (EPS) of negative $0.09, which was significantly below the anticipated $0.22. Revenue also missed expectations, coming in at $77.3 million compared to the forecasted $83.92 million. This marks a challenging period for Repay Holdings, reflecting operational hurdles and a 4% year-over-year decline in revenue.

Analysts from various firms have taken note of these developments, with some expressing concerns over the company’s ability to meet future expectations. Despite the setbacks, the company remains focused on strategic initiatives to bolster its direct sales model and enhance payment monetization opportunities. Repay Holdings has also concluded a strategic review process, deciding against pursuing mergers or acquisitions due to the current macroeconomic environment. Management expressed confidence in growth acceleration in the latter half of 2025, with expectations for improved free cash flow conversion and gross profit growth. The company continues to emphasize its commitment to organic growth and creating shareholder value.

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