Barclays Trims Repay (NASDAQ:RPAY) Target Price to $11.00

Repay (NASDAQ:RPAY) had its price target lowered by Barclays from $12.00 to $11.00 in a report released on Monday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

RPAY has been the topic of several other reports. Keefe, Bruyette & Woods restated a market perform rating and set a $11.00 price objective on shares of Repay in a research note on Wednesday, July 3rd. Benchmark restated a buy rating and issued a $13.00 price objective on shares of Repay in a research note on Friday, May 24th. DA Davidson reaffirmed a buy rating and issued a $16.00 price objective on shares of Repay in a research report on Tuesday, July 9th. Finally, Canaccord Genuity Group reissued a buy rating and set a $13.00 target price on shares of Repay in a report on Friday, May 10th. Five investment 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 presently has a consensus rating of Moderate Buy and an average target price of $11.10.

Repay Stock Performance

RPAY opened at $7.98 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.44 and a current ratio of 3.44. The business’s 50-day simple moving average is $9.80 and its 200 day simple moving average is $9.73. The firm has a market capitalization of $811.01 million, a PE ratio of -8.14 and a beta of 1.43. Repay has a 52-week low of $5.63 and a 52-week high of $11.27.

Repay (NASDAQ:RPAY) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $74.91 million during the quarter, compared to the consensus estimate of $76.28 million. Repay had a positive return on equity of 8.28% and a negative net margin of 29.01%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 EPS. As a group, sell-side analysts expect that Repay will post 0.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Repay

Several institutional investors and hedge funds have recently modified their holdings of the business. ProShare Advisors LLC grew its position in shares of Repay by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock worth $164,000 after purchasing an additional 1,174 shares in the last quarter. Bleakley Financial Group LLC grew its position in Repay by 6.6% during the first quarter. Bleakley Financial Group LLC now owns 19,966 shares of the company’s stock worth $220,000 after buying an additional 1,232 shares in the last quarter. CWM LLC increased its stake in Repay by 2.8% during the 2nd quarter. CWM LLC now owns 53,785 shares of the company’s stock worth $568,000 after acquiring an additional 1,462 shares during the period. Fisher Asset Management LLC raised its holdings in Repay by 4.1% in the 4th quarter. Fisher Asset Management LLC now owns 52,819 shares of the company’s stock valued at $451,000 after acquiring an additional 2,057 shares in the last quarter. Finally, Diversified Trust Co lifted its position in shares of Repay by 15.5% during the 2nd quarter. Diversified Trust Co now owns 17,856 shares of the company’s stock valued at $189,000 after acquiring an additional 2,391 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.