Repay (NASDAQ:RPAY) Price Target Cut to $12.00 by Analysts at Canaccord Genuity Group

Repay (NASDAQ:RPAY - Free Report) had its price objective decreased by Canaccord Genuity Group from $13.00 to $12.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other analysts also recently issued reports on RPAY. UBS Group decreased their target price on Repay from $9.50 to $7.50 and set a "neutral" rating for the company in a research report on Tuesday. Keefe, Bruyette & Woods cut their price target 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 reaffirmed an "overweight" rating and issued a $11.00 price target on shares of Repay in a report on Tuesday. DA Davidson reaffirmed a "buy" rating and issued a $14.00 price target on shares of Repay in a report on Thursday, February 27th. Finally, BMO Capital Markets cut their price target on Repay from $10.00 to $8.00 and set a "market perform" rating for the company in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Repay has a consensus rating of "Moderate Buy" and an average target price of $10.56.

Repay Stock Performance

NASDAQ:RPAY traded down $0.09 during trading hours on Tuesday, reaching $5.87. The stock had a trading volume of 1,319,508 shares, compared to its average volume of 534,755. 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 stock has a 50 day simple moving average of $7.32 and a 200 day simple moving average of $7.82. Repay has a 12-month low of $5.82 and a 12-month high of $11.27. The stock has a market cap of $573.11 million, a P/E ratio of -6.75 and a beta of 1.54.

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Insider Activity at Repay

In related news, CFO Timothy John Murphy sold 57,000 shares of Repay stock in a transaction on 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 owns 450,879 shares of the company's stock, valued at approximately $3,719,751.75. This trade represents a 11.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 11.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Repay

Large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. bought a new stake in Repay during the third quarter worth about $1,122,000. Villanova Investment Management Co LLC lifted its stake 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 purchasing an additional 117,573 shares during the last quarter. Millrace Asset Group Inc. lifted its stake 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 purchasing an additional 221,102 shares during the last quarter. Barclays PLC lifted its stake 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 purchasing an additional 1,427,078 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake 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 purchasing an additional 112,125 shares during the last quarter. 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.