Repay (NASDAQ:RPAY) Price Target Lowered to $8.00 at Keefe, Bruyette & Woods

Repay (NASDAQ:RPAY) had its price objective reduced by Keefe, Bruyette & Woods from $9.00 to $8.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a market perform rating on the stock.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 target price on shares of Repay in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $12.33.

Repay Trading Down 0.6 %

NASDAQ:RPAY opened at $7.65 on Monday. The stock has a fifty day moving average price of $8.04 and a two-hundred day moving average price of $8.48. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. The stock has a market capitalization of $746.89 million, a price-to-earnings ratio of -8.79 and a beta of 1.42. Repay has a 1 year low of $7.04 and a 1 year high of $11.27.

Repay (NASDAQ:RPAY) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The firm had revenue of $79.15 million during the quarter, compared to the consensus estimate of $78.97 million. During the same period last year, the business posted $0.16 EPS. Repay’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Repay will post 0.72 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Timothy John Murphy sold 57,000 shares of the firm’s 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 completion of the sale, the chief financial officer now directly 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 position. The transaction 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

Large investors have recently modified their holdings of the business. Principal Financial Group Inc. acquired a new position in shares of Repay in the 3rd quarter worth approximately $1,122,000. Villanova Investment Management Co LLC increased its holdings in shares of Repay by 71.7% in the 3rd quarter. Villanova Investment Management Co LLC now owns 281,439 shares of the company’s stock worth $2,297,000 after acquiring an additional 117,573 shares during the period. Millrace Asset Group Inc. boosted its position in shares of Repay by 216.7% during the third quarter. Millrace Asset Group Inc. now owns 323,139 shares of the company’s stock worth $2,637,000 after buying an additional 221,102 shares during the period. Barclays PLC grew its holdings in Repay by 2,382.5% in the 3rd quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock worth $12,134,000 after buying an additional 1,427,078 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Repay during the second quarter valued at about $1,365,000. 82.73% of the stock is currently owned by institutional investors and hedge funds.

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.