Repay (NASDAQ:RPAY) Reaches New 1-Year Low – Time to Sell?

Repay Holdings Co. (NASDAQ:RPAY) shares hit a new 52-week low on Wednesday . The stock traded as low as $7.08 and last traded at $7.37, with a volume of 14360 shares. The stock had previously closed at $7.25.

Analyst Ratings Changes

Several research firms have issued reports on RPAY. Canaccord Genuity Group restated a “buy” rating and set a $13.00 target price on shares of Repay in a research report on Wednesday, November 13th. Keefe, Bruyette & Woods cut their price objective on Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.33.

Repay Trading Up 0.8 %

The stock’s fifty day simple moving average is $7.66 and its 200 day simple moving average is $8.04. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $713.19 million, a PE ratio of -8.42 and a beta of 1.43.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The business had revenue of $79.15 million during the quarter, compared to analyst estimates of $78.97 million. During the same period last year, the firm posted $0.16 EPS. The company’s revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts predict that Repay Holdings Co. will post 0.72 earnings per share for the current year.

Insider Transactions at Repay

In other news, CFO Timothy John Murphy sold 57,000 shares of Repay stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total value of $470,250.00. Following the transaction, the chief financial officer now directly owns 450,879 shares in the company, valued at approximately $3,719,751.75. This trade represents a 11.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Repay

A number of large investors have recently modified their holdings of the business. Blue Trust Inc. boosted its stake in shares of Repay by 340.0% during the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock worth $29,000 after acquiring an additional 2,771 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Repay in the fourth quarter valued at approximately $36,000. nVerses Capital LLC purchased a new position in shares of Repay during the 3rd quarter worth $59,000. Olympiad Research LP purchased a new position in Repay during the fourth quarter worth about $80,000. Finally, Point72 DIFC Ltd purchased a new position in shares of Repay during the 3rd quarter worth $99,000. Hedge funds and other institutional investors own 82.73% of the company’s stock.

About Repay

Repay Holdings Corporation, payments technology company, provides integrated payment processing solutions to industry-oriented markets in the United States. It operates through two segments: Consumer Payments and Business Payments. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods.