Repay (NASDAQ:RPAY) Price Target Raised to $20.00

Repay (NASDAQ:RPAY) had its price objective lifted by BTIG Research from $16.00 to $20.00 in a research note issued to investors on Monday morning, The Fly reports. They currently have a buy rating on the stock.

Other research analysts have also issued research reports about the company. SunTrust Banks started coverage on Repay in a research report on Monday, January 6th. They set a buy rating and a $20.00 target price for the company. ValuEngine lowered Repay from a hold rating to a sell rating in a research report on Tuesday, January 7th. Cantor Fitzgerald set a $16.00 target price on Repay and gave the company a buy rating in a research report on Tuesday, October 15th. Canaccord Genuity started coverage on Repay in a research report on Thursday, December 19th. They set a buy rating and a $19.00 target price for the company. Finally, Zacks Investment Research lowered Repay from a buy rating to a hold rating in a research report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. Repay presently has an average rating of Buy and a consensus price target of $17.29.

Shares of NASDAQ:RPAY opened at $15.74 on Monday. Repay has a 1 year low of $9.93 and a 1 year high of $16.65. The company’s 50 day simple moving average is $14.90. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.42.

Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC purchased a new position in shares of Repay during the third quarter valued at approximately $102,000. California Public Employees Retirement System bought a new stake in shares of Repay during the third quarter valued at approximately $187,000. 1492 Capital Management LLC bought a new stake in shares of Repay during the third quarter valued at approximately $746,000. Public Employees Retirement System of Ohio bought a new stake in shares of Repay during the third quarter valued at approximately $1,272,000. Finally, Taylor Frigon Capital Management LLC bought a new stake in shares of Repay during the third quarter valued at approximately $1,967,000. Institutional investors and hedge funds own 54.59% of the company’s stock.

About Repay

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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