Repay (NASDAQ:RPAY) Given New $12.00 Price Target at Canaccord Genuity Group

Repay (NASDAQ:RPAY) had its price target reduced by Canaccord Genuity Group from $13.00 to $12.00 in a report released on Tuesday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other brokerages also recently commented on RPAY. DA Davidson reaffirmed a “buy” rating and set a $14.00 target price on shares of Repay in a report on Thursday, February 27th. UBS Group reduced their target price on shares of Repay from $9.50 to $7.50 and set a “neutral” rating for the company in a report on Tuesday. Keefe, Bruyette & Woods reduced their target price on shares of Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a report on Monday, January 6th. BMO Capital Markets reduced their target price on shares of Repay from $10.00 to $8.00 and set a “market perform” rating for the company in a report on Tuesday. Finally, Stephens reiterated an “overweight” rating and issued a $11.00 price objective on shares of Repay in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.56.

Repay Stock Performance

Shares of RPAY stock opened at $5.96 on Tuesday. The company has a market capitalization of $581.89 million, a price-to-earnings ratio of -6.85 and a beta of 1.54. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. The company has a 50-day simple moving average of $7.36 and a 200 day simple moving average of $7.84. Repay has a 52 week low of $5.93 and a 52 week high of $11.27.

Insiders Place Their Bets

In other 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 transaction, the chief financial officer now directly owns 450,879 shares in the company, valued at approximately $3,719,751.75. The trade was a 11.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 11.00% of the company’s stock.

Hedge Funds Weigh In On Repay

Several hedge funds and other institutional investors have recently made changes to their positions in the company. PharVision Advisers LLC acquired a new position in shares of Repay in the 4th quarter valued at approximately $114,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Repay by 3.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,927 shares of the company’s stock valued at $1,029,000 after buying an additional 4,980 shares in the last quarter. Sovereign s Capital Management LLC acquired a new position in shares of Repay in the 4th quarter valued at approximately $4,408,000. Squarepoint Ops LLC boosted its stake in Repay by 32.2% during the fourth quarter. Squarepoint Ops LLC now owns 295,408 shares of the company’s stock worth $2,254,000 after acquiring an additional 72,026 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in Repay by 290.0% during the fourth quarter. Two Sigma Advisers LP now owns 62,400 shares of the company’s stock worth $476,000 after acquiring an additional 46,400 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.

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.