Repay (NASDAQ:RPAY) Price Target Lowered to $12.00 at Canaccord Genuity Group

Repay (NASDAQ:RPAY) had its price objective reduced by equities researchers at Canaccord Genuity Group from $13.00 to $12.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 96.40% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. BMO Capital Markets reduced their target price on shares of Repay from $10.00 to $8.00 and set a “market perform” rating on the stock in a research report on Tuesday. DA Davidson reiterated a “buy” rating and issued a $14.00 price objective on shares of Repay in a report on Thursday, February 27th. Stephens restated an “overweight” rating and set a $11.00 target price on shares of Repay in a research note on Tuesday. UBS Group cut their price target on Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Keefe, Bruyette & Woods lowered their price objective on Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Repay currently has an average rating of “Moderate Buy” and a consensus price target of $10.83.

Repay Trading Down 14.2 %

Shares of RPAY stock traded down $1.01 during mid-day trading on Tuesday, reaching $6.11. The company’s stock had a trading volume of 1,667,743 shares, compared to its average volume of 486,284. The company’s 50 day simple moving average is $7.46 and its 200-day simple moving average is $7.88. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. Repay has a 12-month low of $6.00 and a 12-month high of $11.27. The firm has a market capitalization of $596.54 million, a PE ratio of -7.02 and a beta of 1.43.

Insiders Place Their Bets

In related news, CFO Timothy John Murphy sold 57,000 shares of Repay stock in a transaction dated Wednesday, December 11th. The shares were 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. This trade represents a 11.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Repay

Several large investors have recently made changes to their positions in the company. PharVision Advisers LLC acquired a new stake in Repay in the 4th quarter valued at approximately $114,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Repay by 3.8% during the fourth 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 purchasing an additional 4,980 shares during the period. Sovereign s Capital Management LLC bought a new stake in shares of Repay during the fourth quarter valued at about $4,408,000. Squarepoint Ops LLC lifted its holdings in Repay by 32.2% in the fourth quarter. Squarepoint Ops LLC now owns 295,408 shares of the company’s stock worth $2,254,000 after purchasing an additional 72,026 shares during the period. Finally, Two Sigma Advisers LP increased its stake in Repay by 290.0% during the 4th quarter. Two Sigma Advisers LP now owns 62,400 shares of the company’s stock valued at $476,000 after buying an additional 46,400 shares during the period. 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.