Credit Suisse Group started coverage on shares of Repay (NASDAQ:RPAY) in a report released on Thursday, BenzingaRatingsTable reports. The brokerage issued an outperform rating and a $19.00 target price on the stock.
Several other equities analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Repay from a hold rating to a buy rating and set a $18.00 price target on the stock in a report on Thursday. BTIG Research increased their price objective on Repay from $16.00 to $20.00 and gave the stock a buy rating in a report on Monday, January 13th. Cantor Fitzgerald lifted their price objective on Repay from $16.00 to $18.00 and gave the company an overweight rating in a research report on Friday, January 17th. SunTrust Banks began coverage on Repay in a research note on Monday, January 6th. They issued a buy rating and a $20.00 target price on the stock. Finally, ValuEngine lowered Repay from a hold rating to a sell rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. Repay currently has a consensus rating of Buy and a consensus target price of $18.38.
RPAY stock traded down $0.16 during midday trading on Thursday, reaching $15.97. The company had a trading volume of 1,258,500 shares, compared to its average volume of 364,712. Repay has a 1 year low of $10.02 and a 1 year high of $16.76. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.78 and a quick ratio of 1.78. The stock has a market capitalization of $636.01 million, a P/E ratio of -61.42 and a beta of -0.02. The company’s 50 day moving average price is $15.26.
Institutional investors and hedge funds have recently made changes to their positions in the company. FSI Group LLC acquired a new position in Repay during the third quarter worth $2,646,000. California Public Employees Retirement System bought a new position in shares of Repay in the 3rd quarter valued at approximately $187,000. Emerald Mutual Fund Advisers Trust bought a new position in shares of Repay in the 3rd quarter valued at approximately $2,463,000. Taylor Frigon Capital Management LLC acquired a new stake in Repay in the 3rd quarter worth approximately $1,967,000. Finally, 1492 Capital Management LLC acquired a new stake in Repay in the 3rd quarter worth approximately $746,000. Institutional investors own 54.59% of the company’s stock.
Repay Holdings Corporation provides integrated payment processing solutions in the United States. The company offers credit and debit card processing, automated clearing house processing, and funding solutions. It primarily serves clients in consumer finance, automotive, receivables management, and healthcare sectors, as well as financial institutions.
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