Repay Holdings price target lowered to $12 from $13 at Benchmark

Benchmark lowered the firm’s price target on Repay Holdings (RPAY) to $12 from $13 and keeps a Buy rating on the shares. Along with Repay’s release of its Q4 report, CEO John Morris announced that the company had launched a comprehensive strategic review aimed at assessing alternatives to enhance shareholder value and while he noted that the alternatives that would be explored included a potential sale or take-private transaction, he also said the review would assess opportunities to strengthen its market position and operating performance, the analyst tells investors. However, Q4 revenue and gross profit trailed Street estimates, the analyst also noted while trimming the firm’s target.