BMO Capital Markets Issues Pessimistic Forecast for Repay (NASDAQ:RPAY) Stock Price

Repay (NASDAQ:RPAY) had its price target decreased by analysts at BMO Capital Markets from $10.00 to $8.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 28.00% from the stock’s current price.

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

Repay Stock Performance

Shares of NASDAQ RPAY opened at $6.25 on Tuesday. The business’s 50-day simple moving average is $7.40 and its 200-day simple moving average is $7.86. 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. The firm has a market cap of $610.21 million, a price-to-earnings ratio of -7.18 and a beta of 1.54.

Insider Activity

In related news, CFO Timothy John Murphy sold 57,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total value of $470,250.00. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Repay

Several institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. bought a new position in Repay during the 3rd quarter valued at about $1,122,000. Villanova Investment Management Co LLC raised its stake in shares of 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 acquiring an additional 117,573 shares during the last quarter. Millrace Asset Group Inc. boosted its holdings in shares of Repay by 216.7% in the 3rd quarter. Millrace Asset Group Inc. now owns 323,139 shares of the company’s stock worth $2,637,000 after acquiring an additional 221,102 shares in the last quarter. Barclays PLC boosted its holdings in shares of 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 acquiring an additional 1,427,078 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Repay by 29.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 492,166 shares of the company’s stock worth $4,016,000 after acquiring an additional 112,125 shares during the last quarter. Institutional investors and hedge funds 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.