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

Repay (NASDAQ:RPAY) had its target price cut by investment analysts at Canaccord Genuity Group from $13.00 to $12.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 96.40% from the stock’s current price.

A number of other brokerages also recently issued reports on RPAY. Stephens reiterated an “overweight” rating and issued a $11.00 price target on shares of Repay in a research note on Tuesday. BMO Capital Markets decreased their target price on Repay from $10.00 to $8.00 and set a “market perform” rating for the company in a research note on Tuesday. DA Davidson restated a “buy” rating and set a $14.00 price objective on shares of Repay in a research report on Thursday, February 27th. UBS Group dropped their target price on shares of Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Keefe, Bruyette & Woods reduced their price target 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. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $10.83.

Repay Stock Down 14.2 %

NASDAQ:RPAY traded down $1.01 during midday trading on Tuesday, reaching $6.11. The company had a trading volume of 1,667,743 shares, compared to its average volume of 486,284. 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 firm has a market capitalization of $596.54 million, a price-to-earnings ratio of -7.02 and a beta of 1.43. The stock’s fifty day simple moving average is $7.46 and its 200-day simple moving average is $7.88. Repay has a 12-month low of $6.00 and a 12-month high of $11.27.

Insider Buying and Selling

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of the business’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 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 11.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Repay

A number of institutional investors have recently added to or reduced their stakes in RPAY. PharVision Advisers LLC acquired a new stake in shares of Repay during the 4th quarter valued at approximately $114,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Repay by 3.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,927 shares of the company’s stock valued at $1,029,000 after purchasing an additional 4,980 shares during the last quarter. Sovereign s Capital Management LLC purchased a new position in Repay during the 4th quarter valued at about $4,408,000. Squarepoint Ops LLC raised its position in shares of Repay by 32.2% during the 4th quarter. Squarepoint Ops LLC now owns 295,408 shares of the company’s stock worth $2,254,000 after purchasing an additional 72,026 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its position in shares of Repay by 290.0% in the fourth quarter. Two Sigma Advisers LP now owns 62,400 shares of the company’s stock valued at $476,000 after acquiring an additional 46,400 shares in the last quarter. Hedge funds and other 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.