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

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

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

Repay Price Performance

Shares of RPAY stock traded down $0.54 on Tuesday, reaching $6.59. The company had a trading volume of 704,190 shares, compared to its average volume of 461,987. The stock has a market capitalization of $642.91 million, a PE ratio of -7.59 and a beta of 1.43. 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’s 50-day moving average is $7.46 and its 200 day moving average is $7.88. Repay has a one year low of $6.00 and a one year high of $11.27.

Insider Transactions at Repay

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total transaction of $470,250.00. Following the transaction, the chief financial officer now owns 450,879 shares in the company, valued at approximately $3,719,751.75. This represents a 11.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.00% of the company’s stock.

Hedge Funds Weigh In On Repay

Several large investors have recently added to or reduced their stakes in RPAY. Quarry LP purchased a new stake in shares of Repay in the fourth quarter valued at $27,000. R Squared Ltd bought a new stake in shares of Repay during the fourth quarter valued at approximately $36,000. Blue Trust Inc. boosted its holdings in shares of Repay by 57.9% in the fourth quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock valued at $46,000 after purchasing an additional 2,077 shares during the period. Johnson Financial Group Inc. bought a new position in Repay in the fourth quarter worth approximately $47,000. Finally, Olympiad Research LP purchased a new position in Repay during the 4th quarter worth $80,000. Hedge funds and other institutional investors 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.