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

Repay (NASDAQ:RPAY) had its price objective cut by equities research analysts at Barclays from $11.00 to $9.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 56.79% from the company’s previous close.

RPAY has been the subject of several other research reports. UBS Group lowered their price target on shares of Repay from $9.50 to $7.50 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Canaccord Genuity Group lowered their price target on shares of Repay from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. DA Davidson reiterated a “buy” rating and set a $14.00 price target on shares of Repay in a research report on Thursday, February 27th. Stephens reiterated an “overweight” rating and set a $11.00 price target on shares of Repay in a research report on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Repay currently has a consensus rating of “Moderate Buy” and an average price target of $10.31.

Repay Trading Down 0.2 %

RPAY opened at $5.74 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 capitalization of $559.58 million, a PE ratio of -6.60 and a beta of 1.54. Repay has a 1-year low of $5.63 and a 1-year high of $11.27. The firm has a 50-day moving average price of $7.25 and a two-hundred day moving average price of $7.78.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RPAY. Wellington Management Group LLP bought a new position in Repay during the 3rd quarter worth approximately $37,197,000. Barclays PLC lifted its stake in Repay by 2,382.5% in the third quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock valued at $12,134,000 after buying an additional 1,427,078 shares in the last quarter. Bank of Montreal Can lifted its stake in Repay by 8,811.5% in the third quarter. Bank of Montreal Can now owns 1,301,522 shares of the company’s stock valued at $10,594,000 after buying an additional 1,286,917 shares in the last quarter. Millennium Management LLC lifted its stake in Repay by 120.6% in the fourth quarter. Millennium Management LLC now owns 1,737,811 shares of the company’s stock valued at $13,259,000 after buying an additional 950,185 shares in the last quarter. Finally, Private Management Group Inc. lifted its stake in Repay by 71.6% in the fourth quarter. Private Management Group Inc. now owns 1,740,150 shares of the company’s stock valued at $13,277,000 after buying an additional 726,058 shares in the last quarter. Institutional investors 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.