BMO Capital Markets Cuts Repay (NASDAQ:RPAY) Price Target to $8.00

Repay (NASDAQ:RPAY) had its price target lowered by BMO Capital Markets from $10.00 to $8.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has a market perform rating on the stock.

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

Repay Price Performance

RPAY opened at $5.96 on Tuesday. The stock has a fifty day moving average of $7.36 and a 200-day moving average of $7.84. The firm has a market capitalization of $581.89 million, a P/E ratio of -6.85 and a beta of 1.54. Repay has a 12-month low of $5.93 and a 12-month high of $11.27. 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 Transactions at Repay

In other news, CFO Timothy John Murphy sold 57,000 shares of the company’s 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 transaction, the chief financial officer now directly owns 450,879 shares of the company’s stock, valued at approximately $3,719,751.75. This represents a 11.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Repay

Hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. acquired a new position in Repay during the third quarter worth $1,122,000. Villanova Investment Management Co LLC increased its position in Repay by 71.7% during the third quarter. Villanova Investment Management Co LLC now owns 281,439 shares of the company’s stock worth $2,297,000 after buying an additional 117,573 shares during the last quarter. Millrace Asset Group Inc. increased its position in Repay by 216.7% during the third quarter. Millrace Asset Group Inc. now owns 323,139 shares of the company’s stock worth $2,637,000 after buying an additional 221,102 shares during the last quarter. Barclays PLC increased its position in Repay by 2,382.5% during the third quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock worth $12,134,000 after buying an additional 1,427,078 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Repay by 29.5% during the third quarter. JPMorgan Chase & Co. now owns 492,166 shares of the company’s stock worth $4,016,000 after buying an additional 112,125 shares during the last quarter. 82.73% of the stock is 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.