Barclays Issues Pessimistic Forecast for Repay (NASDAQ:RPAY) Stock Price

Repay (NASDAQ:RPAY) had its target price lowered by investment analysts at Barclays from $11.00 to $9.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 53.98% from the company’s current price.

RPAY has been the topic of several other research reports. DA Davidson reissued a “buy” rating and issued a $14.00 target price on shares of Repay in a research note on Thursday, February 27th. Keefe, Bruyette & Woods decreased 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 Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Canaccord Genuity Group decreased their price target on Repay from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Finally, BMO Capital Markets reduced their target price on Repay from $10.00 to $8.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.31.

Repay Trading Down 0.4 %

Shares of NASDAQ RPAY traded down $0.03 during trading hours on Monday, hitting $5.85. 277,378 shares of the company traded hands, compared to its average volume of 528,363. The stock has a market capitalization of $569.82 million, a price-to-earnings ratio of -6.72 and a beta of 1.54. The company’s 50 day moving average price is $7.32 and its 200 day moving average price is $7.82. Repay has a 12 month low of $5.72 and a 12 month high of $11.27. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64.

Insider Activity at Repay

In other 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 completion of the transaction, the chief financial officer now directly owns 450,879 shares of the company’s stock, valued at approximately $3,719,751.75. The trade was a 11.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 11.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Repay

Several hedge funds have recently modified their holdings of the company. Quarry LP bought a new position in shares of Repay during the 4th quarter worth approximately $27,000. R Squared Ltd acquired a new position in shares of Repay during the fourth quarter worth $36,000. Blue Trust Inc. lifted its holdings in shares of Repay by 57.9% during the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock valued at $46,000 after purchasing an additional 2,077 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Repay in the 4th quarter worth $47,000. Finally, Olympiad Research LP purchased a new position in Repay during the 4th quarter worth $80,000. 82.73% of the stock is owned by hedge funds and other institutional investors.

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.