Canaccord Genuity Group Cuts Repay (NASDAQ:RPAY) Price Target to $12.00

Repay (NASDAQ:RPAY) had its price target lowered by Canaccord Genuity Group from $13.00 to $12.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. UBS Group cut their target price on shares of Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a report on Tuesday. BMO Capital Markets cut their target price on shares of Repay from $10.00 to $8.00 and set a “market perform” rating on the stock in a report on Tuesday. DA Davidson reiterated a “buy” rating and issued a $14.00 target price on shares of Repay in a report on Thursday, February 27th. Stephens restated an “overweight” rating and set a $11.00 price objective on shares of Repay in a report on Tuesday. Finally, Keefe, Bruyette & Woods dropped 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $10.56.

Repay Trading Down 4.6 %

RPAY opened at $5.96 on Tuesday. The firm’s fifty day moving average is $7.36 and its two-hundred day moving average is $7.84. 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 $581.89 million, a PE ratio of -6.85 and a beta of 1.54. Repay has a twelve month low of $5.93 and a twelve month high of $11.27.

Insider Buying and Selling at Repay

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of Repay stock in a transaction 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 sale, the chief financial officer now directly owns 450,879 shares in the company, valued at approximately $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 accessible through this link. Company insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Repay

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its stake in Repay by 57.9% in the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock valued at $46,000 after buying an additional 2,077 shares during the last quarter. Invesco Ltd. grew its position in shares of Repay by 1.4% in the 4th quarter. Invesco Ltd. now owns 159,371 shares of the company’s stock valued at $1,216,000 after acquiring an additional 2,142 shares during the period. Bailard Inc. grew its position in shares of Repay by 5.7% in the 4th quarter. Bailard Inc. now owns 42,600 shares of the company’s stock valued at $325,000 after acquiring an additional 2,300 shares during the period. Quarry LP bought a new position in shares of Repay in the 4th quarter valued at about $27,000. Finally, Bfsg LLC grew its position in shares of Repay by 29.9% in the 4th quarter. Bfsg LLC now owns 16,660 shares of the company’s stock valued at $127,000 after acquiring an additional 3,830 shares during the period. 82.73% of the stock is currently owned by institutional investors and hedge funds.

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.