Barclays Cuts Repay (NASDAQ:RPAY) Price Target to $9.00

Repay (NASDAQ:RPAY - Free Report) had its price target cut by Barclays from $11.00 to $9.00 in a report released on Monday,Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages have also recently issued reports on RPAY. Stephens reissued an "overweight" rating and issued a $11.00 price objective on shares of Repay in a research note on Tuesday, March 4th. DA Davidson reaffirmed a "buy" rating and set a $14.00 price target on shares of Repay in a research note on Thursday, February 27th. Keefe, Bruyette & Woods lowered their price target on shares of Repay from $9.00 to $8.00 and set a "market perform" rating on the stock in a research note on Monday, January 6th. Canaccord Genuity Group lowered their price target on shares of Repay from $13.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Finally, BMO Capital Markets lowered their price target on shares of 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Repay has a consensus rating of "Moderate Buy" and an average price target of $10.31.

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Repay Stock Performance

RPAY traded up $0.13 during trading on Monday, hitting $5.67. The stock had a trading volume of 634,714 shares, compared to its average volume of 575,613. 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 capitalization of $552.76 million, a P/E ratio of -6.52 and a beta of 1.54. The company's 50-day moving average price is $7.13 and its 200 day moving average price is $7.73. Repay has a twelve month low of $5.30 and a twelve month high of $11.27.

Institutional Investors Weigh In On Repay

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sunriver Management LLC boosted its position in shares of Repay by 11.6% in the 4th quarter. Sunriver Management LLC now owns 6,043,368 shares of the company's stock worth $46,111,000 after buying an additional 626,528 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Repay by 3.3% in the 4th quarter. Wellington Management Group LLP now owns 4,710,491 shares of the company's stock worth $35,941,000 after buying an additional 152,078 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Repay by 6.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,339,948 shares of the company's stock worth $33,114,000 after buying an additional 243,743 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Repay by 6.8% in the 4th quarter. American Century Companies Inc. now owns 4,171,648 shares of the company's stock worth $31,830,000 after buying an additional 267,184 shares in the last quarter. Finally, River Road Asset Management LLC lifted its holdings in Repay by 31.7% in the 4th quarter. River Road Asset Management LLC now owns 2,490,949 shares of the company's stock valued at $19,006,000 after purchasing an additional 599,840 shares in the last quarter. 82.73% of the stock is currently 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.