Citigroup Maintains Neutral Rating for Repay Hldgs: Here's What You Need To Know

Citigroup has decided to maintain its Neutral rating of Repay Hldgs RPAY and lower its price target from $10.00 to $9.00.

Shares of Repay Hldgs are trading up 5.17% over the last 24 hours, at $8.13 per share.

A move to $9.00 would account for a 10.7% increase from the current share price.

About Repay Hldgs

Repay Holdings Corp is engaged in providing integrated payment processing solutions to verticals that have transaction processing needs. It allows customers to pay through Mobile App, Text, Interactive Voice Response, Virtual Terminal, Hosted Payment Page and Online Customer Portal among others. It operates in one segment, Merchant services.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.