UBS Group Cuts Repay (NASDAQ:RPAY) Price Target to $7.50

Repay (NASDAQ:RPAY) had its target price reduced by UBS Group from $9.50 to $7.50 in a report released on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts have also recently issued reports about the company. Stephens reaffirmed an “overweight” rating and set a $11.00 price objective on shares of Repay in a report on Tuesday. Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 price objective on shares of Repay in a report on Thursday, February 13th. Keefe, Bruyette & Woods cut their price target on Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a report on Monday, January 6th. Finally, DA Davidson reissued a “buy” rating and issued a $14.00 price target on shares of Repay in a report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Repay has an average rating of “Moderate Buy” and an average price target of $10.56.

Repay Stock Performance

Shares of RPAY stock opened at $5.96 on Tuesday. The stock has a fifty day moving average price of $7.36 and a 200 day moving average price of $7.84. The stock has a market cap of $581.89 million, a PE ratio of -6.85 and a beta of 1.54. Repay has a 1 year low of $5.93 and a 1 year high of $11.27. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70.

Insider Transactions at Repay

In other news, CFO Timothy John Murphy sold 57,000 shares of Repay stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total value of $470,250.00. Following the completion of the sale, the chief financial officer now owns 450,879 shares of the company’s stock, valued at $3,719,751.75. The trade was a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Repay

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sunriver Management LLC grew its position in shares of Repay by 11.6% in the fourth quarter. Sunriver Management LLC now owns 6,043,368 shares of the company’s stock valued at $46,111,000 after purchasing an additional 626,528 shares during the period. Wellington Management Group LLP grew its position in shares of Repay by 3.3% in the fourth quarter. Wellington Management Group LLP now owns 4,710,491 shares of the company’s stock valued at $35,941,000 after purchasing an additional 152,078 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Repay by 6.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,339,948 shares of the company’s stock valued at $33,114,000 after purchasing an additional 243,743 shares during the period. American Century Companies Inc. grew its position in Repay by 6.8% during the fourth quarter. American Century Companies Inc. now owns 4,171,648 shares of the company’s stock valued at $31,830,000 after acquiring an additional 267,184 shares during the period. Finally, River Road Asset Management LLC grew its position in Repay by 31.7% during the fourth quarter. River Road Asset Management LLC now owns 2,490,949 shares of the company’s stock valued at $19,006,000 after acquiring an additional 599,840 shares during the period. Hedge funds and other institutional investors 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.