Repay (NASDAQ:RPAY) Price Target Lowered to $9.00 at Barclays

Repay (NASDAQ:RPAY) had its price target cut by Barclays from $11.00 to $9.00 in a research report report published on Monday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts also recently issued reports about the stock. 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 report on Monday, January 6th. Canaccord Genuity Group dropped their price target on shares of Repay from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. UBS Group dropped their price target on shares of Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. BMO Capital Markets dropped their price target on shares of Repay from $10.00 to $8.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 4th. Finally, DA Davidson restated a “buy” rating and set a $14.00 price target on shares of Repay in a research note on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Repay presently has a consensus rating of “Moderate Buy” and an average target price of $10.31.

Repay Trading Down 2.0 %

Shares of RPAY stock opened at $5.75 on Monday. Repay has a 52-week low of $5.70 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 company has a 50-day simple moving average of $7.28 and a two-hundred day simple moving average of $7.80. The company has a market capitalization of $560.56 million, a price-to-earnings ratio of -6.61 and a beta of 1.54.

Insider Transactions at Repay

In related news, CFO Timothy John Murphy sold 57,000 shares of the 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 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 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 Investors Weigh In On Repay

A number of large investors have recently modified their holdings of the stock. Sunriver Management LLC boosted its stake in Repay by 11.6% during the fourth quarter. Sunriver Management LLC now owns 6,043,368 shares of the company’s stock worth $46,111,000 after acquiring an additional 626,528 shares in the last quarter. Wellington Management Group LLP boosted its stake in Repay by 3.3% during the fourth quarter. Wellington Management Group LLP now owns 4,710,491 shares of the company’s stock worth $35,941,000 after acquiring an additional 152,078 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Repay by 6.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,339,948 shares of the company’s stock worth $33,114,000 after buying an additional 243,743 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Repay by 6.8% in the fourth quarter. American Century Companies Inc. now owns 4,171,648 shares of the company’s stock worth $31,830,000 after buying an additional 267,184 shares in the last quarter. Finally, River Road Asset Management LLC lifted its stake in shares of Repay by 31.7% in the fourth quarter. River Road Asset Management LLC now owns 2,490,949 shares of the company’s stock worth $19,006,000 after buying an additional 599,840 shares in the last quarter. 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.