Repay (NASDAQ:RPAY - Free Report) had its target price decreased by Barclays from $9.00 to $6.00 in a report released on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.
A number of other brokerages have also recently commented on RPAY. Keefe, Bruyette & Woods reduced 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 report on Monday, January 6th. UBS Group decreased 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, March 4th. BMO Capital Markets lowered their price target on shares of Repay from $10.00 to $8.00 and set a "market perform" rating for the company in a research note on Tuesday, March 4th. Canaccord Genuity Group reduced their price objective on Repay from $13.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Finally, DA Davidson reissued a "buy" rating and issued a $14.00 target price on shares of Repay in a research note on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Repay currently has an average rating of "Moderate Buy" and an average target price of $9.94.
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Repay Price Performance
RPAY stock traded down $0.20 during mid-day trading on Monday, hitting $4.40. 1,264,627 shares of the stock were exchanged, compared to its average volume of 878,023. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. The stock has a market capitalization of $428.95 million, a price-to-earnings ratio of -5.06 and a beta of 1.64. The business has a fifty day moving average price of $5.94 and a 200 day moving average price of $7.18. Repay has a 12 month low of $4.29 and a 12 month high of $11.27.
Institutional Investors Weigh In On Repay
A number of large investors have recently made changes to their positions in RPAY. Quarry LP bought a new stake in Repay in the fourth quarter valued at $27,000. R Squared Ltd purchased a new stake in shares of Repay in the 4th quarter worth about $36,000. Blue Trust Inc. boosted its stake in shares of Repay by 57.9% during the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company's stock valued at $46,000 after purchasing an additional 2,077 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Repay during the fourth quarter valued at about $47,000. Finally, Olympiad Research LP bought a new position in Repay in the fourth quarter worth about $80,000. 82.73% of the stock is currently owned by institutional investors.
Repay Company Profile
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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.
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