Repay (NASDAQ:RPAY) Price Target Lowered to $8.00 at BMO Capital Markets

Repay (NASDAQ:RPAY) had its target price decreased by research analysts at BMO Capital Markets from $10.00 to $8.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 21.49% from the stock’s current price.

Several other research analysts have also commented on the company. Keefe, Bruyette & Woods reduced their price target on Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a research report on Monday, January 6th. Stephens reissued an “overweight” rating and set a $11.00 price target on shares of Repay in a research report on Tuesday. DA Davidson reiterated a “buy” rating and set a $14.00 price objective on shares of Repay in a research note on Thursday, February 27th. UBS Group lowered their target price on shares of Repay from $9.50 to $7.50 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 price target on shares of Repay in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.94.

Repay Stock Down 7.5 %

RPAY stock traded down $0.54 during trading on Tuesday, hitting $6.59. 704,190 shares of the company’s stock traded hands, compared to its average volume of 461,987. The firm has a market capitalization of $642.91 million, a P/E ratio of -7.59 and a beta of 1.43. Repay has a 1 year low of $6.00 and a 1 year high of $11.27. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. The business has a fifty day simple moving average of $7.46 and a two-hundred day simple moving average of $7.88.

Insider Buying and Selling at Repay

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of Repay stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total transaction of $470,250.00. Following the sale, the chief financial officer now owns 450,879 shares of the company’s stock, valued at $3,719,751.75. The trade was a 11.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP purchased a new position in Repay during the fourth quarter worth about $27,000. R Squared Ltd acquired a new stake in shares of Repay during the 4th quarter worth approximately $36,000. Blue Trust Inc. raised its position in shares of Repay by 57.9% during the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock valued at $46,000 after buying an additional 2,077 shares during the period. Johnson Financial Group Inc. acquired a new position in Repay in the fourth quarter valued at approximately $47,000. Finally, Olympiad Research LP purchased a new position in Repay in the fourth quarter worth approximately $80,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

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.