DA Davidson analyst Peter Heckmann lowered the firm’s price target on Repay Holdings (RPAY) to $12 from $14 and keeps a Buy rating on the shares. The company’s Q4 results saw revenue modestly below the firm’s forecast but adjusted EBITDA 1% was above our forecast, while the management relayed that three client losses dragged on revenue growth by approximately 700bp in the quarter, the analyst tells investors in a research note. Repay also did not provide 2025 guidance ranges with Q4 results but rather announced that the company commenced a comprehensive strategic review, the firm adds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RPAY:
- Repay Holdings price target lowered to $8 from $10 at BMO Capital
- Repay Holdings: Strategic Initiatives and Market Potential Drive Buy Rating Despite Revenue Shortfall
- Cautious Outlook for Repay Holdings Amid Client Losses and Market Challenges
- Repay Holdings Reports Growth and Strategic Review
- Closing Bell Movers: Okta spikes 15% on earnings beat and outlook
Questions or Comments about the article? Write to editor@tipranks.com