Canaccord Genuity Group reiterated their buy rating on shares of Repay (NASDAQ:RPAY - Free Report) in a research report released on Thursday,Benzinga reports. They currently have a $13.00 price objective on the stock.
Separately, Keefe, Bruyette & Woods reduced their price target on Repay from $9.00 to $8.00 and set a "market perform" rating for the company in a research report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $12.33.
View Our Latest Report on RPAY
Repay Stock Up 1.5 %
Shares of RPAY traded up $0.11 on Thursday, hitting $7.41. The company's stock had a trading volume of 546,531 shares, compared to its average volume of 403,343. 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 firm's fifty day moving average price is $7.63 and its 200-day moving average price is $7.99. Repay has a fifty-two week low of $7.08 and a fifty-two week high of $11.27. The firm has a market capitalization of $723.44 million, a price-to-earnings ratio of -8.52 and a beta of 1.43.
Insider Transactions at Repay
In other news, CFO Timothy John Murphy sold 57,000 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer now owns 450,879 shares in the company, valued at $3,719,751.75. This represents a 11.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 11.00% of the company's stock.
Institutional Investors Weigh In On Repay
A number of large investors have recently added to or reduced their stakes in RPAY. The Manufacturers Life Insurance Company raised its stake in Repay by 13.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,578 shares of the company's stock valued at $365,000 after acquiring an additional 4,138 shares during the period. Sanctuary Advisors LLC bought a new stake in Repay in the 2nd quarter valued at $190,000. SG Americas Securities LLC bought a new stake in Repay in the 3rd quarter valued at $239,000. Creative Planning bought a new stake in Repay in the 3rd quarter valued at $115,000. Finally, nVerses Capital LLC bought a new stake in Repay in the 3rd quarter valued at $59,000. Institutional investors own 82.73% of the company's stock.
About Repay
(
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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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