UBS Group Lowers Repay (NASDAQ:RPAY) Price Target to $7.50

Repay (NASDAQ:RPAY) had its price target dropped by UBS Group from $9.50 to $7.50 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price would indicate a potential upside of 20.00% from the company’s current price.

Other analysts also recently issued research reports about the stock. Canaccord Genuity Group reissued a “buy” rating and set a $13.00 price objective on shares of Repay in a report on Thursday, February 13th. Stephens reissued an “overweight” rating and set a $11.00 price objective on shares of Repay in a report on Tuesday. Keefe, Bruyette & Woods decreased their price objective on shares of Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a report on Monday, January 6th. Finally, DA Davidson reissued a “buy” rating and set a $14.00 price objective on shares of Repay in a report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Repay currently has an average rating of “Moderate Buy” and an average target price of $10.56.

Repay Stock Up 2.3 %

Shares of NASDAQ:RPAY opened at $6.25 on Tuesday. The company has a market cap of $610.21 million, a price-to-earnings ratio of -7.18 and a beta of 1.54. Repay has a fifty-two week low of $5.93 and a fifty-two week high of $11.27. The firm’s 50-day simple moving average is $7.40 and its 200-day simple moving average is $7.86. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64.

Insider Activity

In other news, CFO Timothy John Murphy sold 57,000 shares of the business’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 value 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 $3,719,751.75. The trade was a 11.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 11.00% of the company’s stock.

Hedge Funds Weigh In On Repay

Institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. acquired a new position in shares of Repay in the third quarter valued at approximately $1,122,000. Villanova Investment Management Co LLC grew its holdings in Repay by 71.7% in the third quarter. Villanova Investment Management Co LLC now owns 281,439 shares of the company’s stock valued at $2,297,000 after purchasing an additional 117,573 shares during the period. Millrace Asset Group Inc. grew its holdings in Repay by 216.7% in the third quarter. Millrace Asset Group Inc. now owns 323,139 shares of the company’s stock valued at $2,637,000 after purchasing an additional 221,102 shares during the period. Barclays PLC grew its holdings in Repay by 2,382.5% in the third quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock valued at $12,134,000 after purchasing an additional 1,427,078 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Repay by 29.5% in the third quarter. JPMorgan Chase & Co. now owns 492,166 shares of the company’s stock valued at $4,016,000 after purchasing an additional 112,125 shares during the period. 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.