Repay (NASDAQ:RPAY) Given New $8.00 Price Target at BMO Capital Markets

Repay (NASDAQ:RPAY - Get Free Report) had its price target lowered by stock analysts at BMO Capital Markets from $10.00 to $8.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a "market perform" rating on the stock. BMO Capital Markets' price objective points to a potential upside of 36.29% from the company's previous close.

Other research analysts have also recently issued reports about the company. Canaccord Genuity Group reissued a "buy" rating and set a $13.00 price objective on shares of Repay in a report on Thursday, February 13th. Keefe, Bruyette & Woods cut 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. Stephens reissued an "overweight" rating and set a $11.00 price objective on shares of Repay in a report on Tuesday. UBS Group cut their price target on Repay from $9.50 to $7.50 and set a "neutral" rating for the company in a report on Tuesday. Finally, DA Davidson reaffirmed a "buy" rating and issued a $14.00 price target on shares of Repay in a report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $10.56.

Repay Price Performance

Shares of NASDAQ RPAY traded down $0.09 during midday trading on Tuesday, reaching $5.87. 1,319,508 shares of the company traded hands, compared to its average volume of 534,755. The firm has a market cap of $573.11 million, a PE ratio of -6.75 and a beta of 1.54. The stock's 50-day simple moving average is $7.32 and its 200-day simple moving average is $7.82. Repay has a 12 month low of $5.82 and a 12 month high of $11.27. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70.

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Insiders Place Their Bets

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total transaction of $470,250.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 11.00% of the company's stock.

Institutional Trading of Repay

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP bought a new stake in Repay during the 4th quarter worth about $27,000. R Squared Ltd acquired a new position in shares of Repay during the 4th quarter worth about $36,000. Blue Trust Inc. grew its position in shares of Repay by 57.9% during the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company's stock worth $46,000 after buying an additional 2,077 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of Repay during the 4th quarter worth about $47,000. Finally, Olympiad Research LP acquired a new position in shares of Repay during the 4th quarter worth about $80,000. 82.73% of the stock is owned by 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.