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

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

Separately, Canaccord Genuity Group restated a “buy” rating and issued a $13.00 target price 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $12.33.

Repay Price Performance

Shares of NASDAQ:RPAY opened at $7.65 on Monday. Repay has a 12-month low of $7.04 and a 12-month high of $11.27. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. The company has a market cap of $746.89 million, a P/E ratio of -8.79 and a beta of 1.42. The company’s fifty day moving average is $8.04 and its two-hundred day moving average is $8.48.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. The firm had revenue of $79.15 million for 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 firm’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 earnings per share. Equities analysts expect that Repay will post 0.72 earnings per share for the current fiscal year.

Insider Transactions at Repay

In other news, CFO Timothy John Murphy sold 57,000 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total transaction of $470,250.00. Following the transaction, the chief financial officer now owns 450,879 shares of the company’s stock, valued at approximately $3,719,751.75. This represents a 11.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 11.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Repay

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP bought a new position in shares of Repay in the third quarter valued at approximately $37,197,000. Millennium Management LLC lifted its stake in shares of Repay by 182.1% in the second quarter. Millennium Management LLC now owns 2,329,671 shares of the company’s stock valued at $24,601,000 after buying an additional 1,503,919 shares during the period. Barclays PLC grew its position in Repay by 2,382.5% during the third quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock worth $12,134,000 after buying an additional 1,427,078 shares in the last quarter. Bank of Montreal Can increased its position in shares of Repay by 8,811.5% during the third quarter. Bank of Montreal Can now owns 1,301,522 shares of the company’s stock valued at $10,594,000 after purchasing an additional 1,286,917 shares during the period. Finally, River Road Asset Management LLC lifted its position in Repay by 89.9% in the third quarter. River Road Asset Management LLC now owns 1,891,109 shares of the company’s stock worth $15,431,000 after purchasing an additional 895,429 shares during the period. 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.