Repay (NASDAQ:RPAY) Sets New 52-Week Low Following Analyst Downgrade

Repay Holdings Co. (NASDAQ:RPAY) reached a new 52-week low during trading on Tuesday after UBS Group lowered their price target on the stock from $9.50 to $7.50. UBS Group currently has a neutral rating on the stock. Repay traded as low as $6.00 and last traded at $6.77, with a volume of 197844 shares. The stock had previously closed at $7.12.

Other equities analysts also recently issued reports about the company. Canaccord Genuity Group restated a “buy” rating and issued a $13.00 price objective on shares of Repay in a research report on Thursday, February 13th. DA Davidson reaffirmed a “buy” rating and set a $14.00 price objective on shares of Repay in a report on Thursday, February 27th. Keefe, Bruyette & Woods lowered their target price on shares of Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a report on Monday, January 6th. Finally, Stephens reiterated an “overweight” rating and issued a $11.00 price target on shares of Repay in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Repay has an average rating of “Moderate Buy” and a consensus target price of $11.31.

Insider Buying and Selling at Repay

In other news, CFO Timothy John Murphy sold 57,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 450,879 shares of the company’s stock, valued at $3,719,751.75. This trade represents a 11.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.00% of the stock is owned by company insiders.

Institutional Trading of Repay

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP purchased a new stake in shares of Repay in the fourth quarter valued at $27,000. R Squared Ltd purchased a new position in Repay during the 4th quarter valued at $36,000. Blue Trust Inc. grew its position in Repay by 57.9% in the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock valued at $46,000 after acquiring an additional 2,077 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Repay during the fourth quarter worth $47,000. Finally, Olympiad Research LP bought a new stake in Repay during the 4th quarter valued at about $80,000. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Repay Stock Performance

The company has a market capitalization of $645.84 million, a PE ratio of -7.61 and a beta of 1.43. The firm’s 50-day simple moving average is $7.46 and its 200-day simple moving average is $7.88. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64.

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.