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

Repay (NASDAQ:RPAY) had its target price decreased by Keefe, Bruyette & Woods from $9.00 to $8.00 in a report published on Monday morning,Benzinga reports. Keefe, Bruyette & Woods 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 report on Wednesday, November 13th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.33.

Repay Trading Down 0.5 %

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

Repay (NASDAQ:RPAY) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $78.97 million. During the same period last year, the business earned $0.16 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts predict that Repay will post 0.72 EPS for the current fiscal year.

Insider Buying and Selling at Repay

In other news, CFO Timothy John Murphy sold 57,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total transaction of $470,250.00. Following the sale, the chief financial officer now directly owns 450,879 shares of the company’s stock, valued at $3,719,751.75. This represents a 11.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 11.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Blue Trust Inc. increased its stake in shares of Repay by 340.0% in the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock valued at $29,000 after buying an additional 2,771 shares during the period. The Manufacturers Life Insurance Company lifted its position in Repay by 13.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,578 shares of the company’s stock valued at $365,000 after purchasing an additional 4,138 shares during the period. nVerses Capital LLC bought a new position in shares of Repay in the 3rd quarter valued at about $59,000. Westfield Capital Management Co. LP grew its position in shares of Repay by 28.2% during the 3rd quarter. Westfield Capital Management Co. LP now owns 43,510 shares of the company’s stock worth $355,000 after buying an additional 9,570 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of Repay by 8.0% during the second quarter. Rhumbline Advisers now owns 150,297 shares of the company’s stock worth $1,587,000 after buying an additional 11,172 shares during the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.

Repay Company Profile

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.