Canaccord Genuity Group Lowers Repay (NASDAQ:RPAY) Price Target to $12.00

Repay (NASDAQ:RPAY) had its price target dropped by stock analysts at Canaccord Genuity Group from $13.00 to $12.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 92.00% from the company’s current price.

A number of other research firms have also weighed in on RPAY. BMO Capital Markets dropped their target price on shares of Repay from $10.00 to $8.00 and set a “market perform” rating for the company in a report on Tuesday. DA Davidson reiterated a “buy” rating and issued a $14.00 price objective on shares of Repay in a report on Thursday, February 27th. Keefe, Bruyette & Woods reduced their target price 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. UBS Group dropped their price target on Repay from $9.50 to $7.50 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Stephens reissued an “overweight” rating and set a $11.00 price objective on shares of Repay in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $10.56.

Repay Trading Up 2.3 %

NASDAQ:RPAY opened at $6.25 on Tuesday. The firm has a market capitalization of $610.21 million, a P/E ratio of -7.18 and a beta of 1.54. 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 company has a fifty day moving average of $7.40 and a 200 day moving average of $7.86. Repay has a 52 week low of $5.93 and a 52 week high of $11.27.

Insider Buying and Selling at Repay

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 450,879 shares of the company’s stock, valued at approximately $3,719,751.75. This trade represents a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.00% of the company’s stock.

Institutional Trading of Repay

A number of hedge funds have recently made changes to their positions in the stock. Quarry LP purchased a new position in Repay during the fourth quarter valued at $27,000. R Squared Ltd purchased a new position in shares of Repay in the 4th quarter worth about $36,000. Blue Trust Inc. boosted its stake in Repay by 57.9% in the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock worth $46,000 after purchasing an additional 2,077 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in Repay during the 4th quarter valued at about $47,000. Finally, Olympiad Research LP purchased a new stake in Repay during the 4th quarter valued at about $80,000. 82.73% of the stock is owned by institutional investors.

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.