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

Repay (NASDAQ:RPAY) had its price target cut by equities researchers at BMO Capital Markets from $10.00 to $8.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 28.00% from the stock’s current price.

RPAY has been the topic of a number of other reports. Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 price target on shares of Repay in a research report on Thursday, February 13th. UBS Group cut their target price on shares of Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a report on Tuesday. Stephens reissued an “overweight” rating and issued a $11.00 price target on shares of Repay in a report on Tuesday. Keefe, Bruyette & Woods dropped their price objective on Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a research note on Monday, January 6th. Finally, DA Davidson reiterated a “buy” rating and set a $14.00 target price on shares of Repay in a report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.56.

Repay Price Performance

RPAY opened at $6.25 on Tuesday. The company has a fifty day moving average price of $7.40 and a two-hundred day moving average price of $7.86. The firm has a market capitalization of $610.21 million, a PE ratio of -7.18 and a beta of 1.54. Repay has a 52 week low of $5.93 and a 52 week high of $11.27. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70.

Insider Activity at Repay

In related news, CFO Timothy John Murphy sold 57,000 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total transaction of $470,250.00. Following the completion of the transaction, the chief financial officer now directly owns 450,879 shares in the company, valued at approximately $3,719,751.75. This trade represents a 11.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Repay

Large investors have recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of Repay in the fourth quarter valued at approximately $27,000. R Squared Ltd bought a new position in Repay in the fourth quarter valued at $36,000. Blue Trust Inc. increased its stake in Repay by 57.9% in 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 last quarter. Johnson Financial Group Inc. bought a new stake in Repay during the 4th quarter worth about $47,000. Finally, Olympiad Research LP acquired a new position in shares of Repay during the 4th quarter worth about $80,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

About Repay

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.