Repay (NASDAQ:RPAY) Price Target Lowered to $7.50 at UBS Group

Repay (NASDAQ:RPAY - Free Report) had its target price reduced by UBS Group from $9.50 to $7.50 in a report published on Tuesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other analysts have also issued reports on RPAY. Keefe, Bruyette & Woods reduced their target price on Repay from $9.00 to $8.00 and set a "market perform" rating for the company in a report on Monday, January 6th. DA Davidson restated a "buy" rating and set a $14.00 price objective on shares of Repay in a research report on Thursday, February 27th. Stephens reiterated an "overweight" rating and issued a $11.00 target price on shares of Repay in a report on Tuesday. Finally, Canaccord Genuity Group restated a "buy" rating and set a $13.00 price target on shares of Repay in a report on Thursday, February 13th. 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $10.56.

Repay Trading Down 4.6 %

Shares of Repay stock traded down $0.29 during trading on Tuesday, hitting $5.96. The stock had a trading volume of 1,060,041 shares, compared to its average volume of 516,506. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $581.89 million, a PE ratio of -6.85 and a beta of 1.54. Repay has a 1 year low of $5.93 and a 1 year high of $11.27. The stock has a 50 day simple moving average of $7.40 and a 200 day simple moving average of $7.86.

Insider Activity at Repay

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The shares were 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 directly owns 450,879 shares of the company's stock, valued at $3,719,751.75. The trade was a 11.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Repay

Several institutional investors and hedge funds have recently modified their holdings of RPAY. Wellington Management Group LLP bought a new position in Repay during the third quarter valued at about $37,197,000. Barclays PLC raised its stake in shares of Repay by 2,382.5% in the 3rd quarter. Barclays PLC now owns 1,486,977 shares of the company's stock valued at $12,134,000 after acquiring an additional 1,427,078 shares in the last quarter. Bank of Montreal Can lifted its holdings in Repay by 8,811.5% in the 3rd quarter. Bank of Montreal Can now owns 1,301,522 shares of the company's stock worth $10,594,000 after purchasing an additional 1,286,917 shares during the last quarter. Millennium Management LLC boosted its position in Repay by 120.6% during the fourth quarter. Millennium Management LLC now owns 1,737,811 shares of the company's stock worth $13,259,000 after purchasing an additional 950,185 shares during the period. Finally, River Road Asset Management LLC grew its holdings in Repay by 89.9% during the third quarter. River Road Asset Management LLC now owns 1,891,109 shares of the company's stock valued at $15,431,000 after purchasing an additional 895,429 shares during the last quarter. Institutional investors and hedge funds own 82.73% of the company's stock.

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.