Barclays Has Lowered Expectations for Repay (NASDAQ:RPAY) Stock Price

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

Other equities analysts have also recently issued reports about the stock. Stephens reissued an “overweight” rating and set a $11.00 price target on shares of Repay in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods reduced their price target on shares of Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a research report on Monday, January 6th. BMO Capital Markets reduced their price target 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. DA Davidson reissued a “buy” rating and set a $14.00 price target on shares of Repay in a research report on Thursday, February 27th. Finally, Canaccord Genuity Group reduced their price target on shares of Repay from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $10.31.

Repay Trading Down 0.5 %

Shares of NASDAQ RPAY opened at $5.71 on Monday. The company’s fifty day moving average is $7.21 and its 200-day moving average is $7.76. The stock has a market cap of $556.66 million, a price-to-earnings ratio of -6.56 and a beta of 1.54. Repay has a twelve month low of $5.63 and a twelve 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.

Institutional Investors Weigh In On Repay

Several institutional investors have recently added to or reduced their stakes in the stock. Quarry LP acquired a new stake in Repay in the 4th quarter valued at $27,000. R Squared Ltd acquired a new stake in Repay in the 4th quarter valued at $36,000. Blue Trust Inc. increased its stake in Repay by 57.9% in the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock valued at $46,000 after buying an additional 2,077 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in Repay in the 4th quarter valued at $47,000. Finally, Olympiad Research LP acquired a new stake in Repay in the 4th quarter valued at $80,000. 82.73% of the stock is owned by institutional investors.

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.