Repay Holdings Corporation (RPAY) Misses Q2 EPS by 3c

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Go back to Repay Holdings Corporation (RPAY) Misses Q2 EPS by 3c

Citi Downgrades Repay (RPAY) to Neutral, 'Expectations Reset Highlights More Macro Risk'

August 10, 2022 7:46 AM EDT

Citi analyst Andrew Schmidt downgraded Repay (NASDAQ: RPAY) from Buy to Neutral with a price target of $13.00 (from $19.00).

The analyst comments "We are downgrading RPAY to Neutral. The macroeconomic backdrop reduces visibility in key personal and auto loan repayment verticals (~15-20%/~25% of volume,... More