Repay (NASDAQ:RPAY) Price Target Cut to $6.00 by Analysts at Barclays

Repay (NASDAQ:RPAY) had its price target decreased by Barclays from $9.00 to $6.00 in a report issued on Monday,Benzinga reports. Barclays currently has an overweight rating on the stock.

RPAY has been the subject of a number of other research reports. DA Davidson reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Repay in a research report on Thursday, February 27th. 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 research note on Tuesday, March 4th. BMO Capital Markets decreased 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, March 4th. Canaccord Genuity Group dropped 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. Finally, Stephens reaffirmed an “overweight” rating and set a $11.00 price target on shares of Repay in a research note on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Repay has an average rating of “Moderate Buy” and a consensus target price of $9.94.

Repay Stock Down 4.4 %

Shares of NASDAQ RPAY opened at $4.37 on Monday. The firm has a market cap of $426.02 million, a P/E ratio of -5.02 and a beta of 1.64. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. Repay has a 1 year low of $4.31 and a 1 year high of $11.27. The firm’s 50 day moving average price is $6.18 and its 200 day moving average price is $7.27.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Sunriver Management LLC grew its stake 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 buying an additional 626,528 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Repay by 3.3% during 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 lifted its position in shares of Repay by 6.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,339,948 shares of the company’s stock worth $33,114,000 after purchasing an additional 243,743 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Repay by 6.8% in the fourth quarter. American Century Companies Inc. now owns 4,171,648 shares of the company’s stock valued at $31,830,000 after purchasing an additional 267,184 shares during the period. Finally, River Road Asset Management LLC grew its holdings in Repay by 31.7% during the 4th quarter. River Road Asset Management LLC now owns 2,490,949 shares of the company’s stock valued at $19,006,000 after purchasing an additional 599,840 shares in the last quarter. 82.73% of the stock is owned by hedge funds and other institutional investors.

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.