Repay (NASDAQ:RPAY) Price Target Lowered to $8.00 at Keefe, Bruyette & Woods

Repay (NASDAQ:RPAY - Get Free Report) had its price objective reduced by investment analysts at Keefe, Bruyette & Woods from $9.00 to $8.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price target would indicate a potential upside of 4.58% from the company's previous close.

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a $13.00 price target on shares of Repay in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.33.

Repay Price Performance

NASDAQ:RPAY traded down $0.05 during trading hours on Monday, hitting $7.65. The stock had a trading volume of 380,522 shares, compared to its average volume of 291,141. The company has a 50 day simple moving average of $8.04 and a two-hundred day simple moving average of $8.50. The firm has a market capitalization of $746.89 million, a price-to-earnings ratio of -8.79 and a beta of 1.42. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. Repay has a one year low of $7.04 and a one year high of $11.27.

Repay (NASDAQ:RPAY - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The company had revenue of $79.15 million during the quarter, compared to analyst estimates of $78.97 million. During the same quarter last year, the company earned $0.16 earnings per share. The firm's quarterly revenue was up 6.5% on a year-over-year basis. Research analysts forecast that Repay will post 0.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other 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 value 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. The trade was a 11.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 11.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Repay

A number of large investors have recently bought and sold shares of RPAY. Blue Trust Inc. grew its holdings in shares of Repay by 340.0% in the third quarter. Blue Trust Inc. now owns 3,586 shares of the company's stock worth $29,000 after purchasing an additional 2,771 shares during the last quarter. nVerses Capital LLC bought a new stake in Repay in the 3rd quarter worth $59,000. Point72 DIFC Ltd purchased a new position in shares of Repay in the third quarter valued at about $99,000. Entropy Technologies LP bought a new position in shares of Repay during the third quarter valued at about $109,000. Finally, Creative Planning purchased a new stake in shares of Repay during the third quarter worth about $115,000. 82.73% of the stock is owned by hedge funds and other 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.