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.
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Read More on RPAY:
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- Repay Holdings Reports Growth and Strategic Review
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