Barclays Cuts Repay (NASDAQ:RPAY) Price Target to $9.00

Repay (NASDAQ:RPAY) had its target price decreased by Barclays from $11.00 to $9.00 in a report published on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Other analysts have also issued research reports about the stock. DA Davidson reaffirmed a “buy” rating and set a $14.00 price objective on shares of Repay in a report on Thursday, February 27th. Canaccord Genuity Group dropped their price objective on shares of Repay from $13.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Keefe, Bruyette & Woods dropped their price objective 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. UBS Group dropped their price objective on shares of Repay from $9.50 to $7.50 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Finally, BMO Capital Markets lowered their price target on shares of Repay from $10.00 to $8.00 and set a “market perform” rating for the company in a report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $10.31.

Repay Stock Performance

NASDAQ RPAY opened at $5.71 on Monday. The firm has a market cap of $556.66 million, a price-to-earnings ratio of -6.56 and a beta of 1.54. The company has a 50 day moving average of $7.21 and a 200-day moving average of $7.76. 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 $5.63 and a 1-year high of $11.27.

Institutional Trading of Repay

A number of hedge funds and other institutional investors have recently modified their holdings of RPAY. PharVision Advisers LLC bought a new position in Repay in the fourth quarter valued at approximately $114,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Repay by 3.8% in 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 acquiring an additional 4,980 shares during the last quarter. Sovereign s Capital Management LLC bought a new position in Repay in the fourth quarter valued at approximately $4,408,000. Squarepoint Ops LLC boosted its stake in Repay by 32.2% in the fourth quarter. Squarepoint Ops LLC now owns 295,408 shares of the company’s stock valued at $2,254,000 after acquiring an additional 72,026 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its stake in Repay by 290.0% in the fourth quarter. Two Sigma Advisers LP now owns 62,400 shares of the company’s stock valued at $476,000 after acquiring an additional 46,400 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.