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

Repay (NASDAQ:RPAY) had its target price lowered by Keefe, Bruyette & Woods from $9.00 to $8.00 in a research note issued to investors on Monday morning,Benzinga reports. The brokerage currently has a market perform rating on the stock.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 price objective on shares of Repay in a research note on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.33.

Repay Price Performance

Repay stock opened at $7.50 on Monday. The firm has a market capitalization of $732.25 million, a P/E ratio of -8.62 and a beta of 1.42. The business has a 50-day moving average of $8.03 and a 200-day moving average of $8.45. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. Repay has a 1 year low of $7.04 and a 1 year high of $11.27.

Repay (NASDAQ:RPAY) last issued its earnings results on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. The firm had revenue of $79.15 million during the quarter, compared to the consensus estimate of $78.97 million. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.16 earnings per share. On average, equities analysts anticipate that Repay will post 0.72 EPS for the current year.

Insider Buying and Selling

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 sale, the chief financial officer now directly owns 450,879 shares in the company, valued at $3,719,751.75. The trade was a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Repay

A number of hedge funds and other institutional investors have recently bought and sold shares of RPAY. Rhumbline Advisers raised its holdings in shares of Repay by 8.0% in the second quarter. Rhumbline Advisers now owns 150,297 shares of the company’s stock valued at $1,587,000 after purchasing an additional 11,172 shares during the last quarter. American Century Companies Inc. increased its stake in Repay by 6.7% in the 2nd quarter. American Century Companies Inc. now owns 2,532,717 shares of the company’s stock valued at $26,745,000 after buying an additional 158,668 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Repay by 1.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,382,033 shares of the company’s stock worth $35,715,000 after buying an additional 45,656 shares in the last quarter. King Luther Capital Management Corp boosted its stake in shares of Repay by 5.9% during the 2nd quarter. King Luther Capital Management Corp now owns 340,944 shares of the company’s stock worth $3,600,000 after buying an additional 18,944 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Repay by 8.8% in the 2nd quarter. Sei Investments Co. now owns 282,337 shares of the company’s stock valued at $2,981,000 after acquiring an additional 22,749 shares in 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.