UBS Group Has Lowered Expectations for Repay (NASDAQ:RPAY) Stock Price

Repay (NASDAQ:RPAY) had its price objective dropped by equities research analysts at UBS Group from $9.50 to $7.50 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 14.94% from the company’s previous close.

Several other analysts have also weighed in on RPAY. Stephens reiterated an “overweight” rating and set a $11.00 target price on shares of Repay in a research report on Tuesday. Canaccord Genuity Group reiterated a “buy” rating and set a $13.00 target price on shares of Repay in a research report on Thursday, February 13th. Keefe, Bruyette & Woods dropped their price objective 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, DA Davidson reaffirmed a “buy” rating and set a $14.00 price objective on shares of Repay in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Repay presently has an average rating of “Moderate Buy” and an average target price of $11.31.

Repay Stock Down 8.4 %

NASDAQ RPAY traded down $0.60 during trading on Tuesday, hitting $6.53. 564,171 shares of the company traded hands, compared to its average volume of 457,844. Repay has a 12 month low of $6.00 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. The business has a fifty day simple moving average of $7.46 and a 200 day simple moving average of $7.88. The company has a market capitalization of $637.06 million, a P/E ratio of -7.49 and a beta of 1.43.

Insider Transactions at Repay

In other Repay 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 transaction of $470,250.00. Following the transaction, the chief financial officer now owns 450,879 shares in the company, 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 filing with the SEC, which is accessible through this hyperlink. 11.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Repay

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

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.