Repay (NASDAQ:RPAY) Reaches New 52-Week Low After Analyst Downgrade

Repay Holdings Co. (NASDAQ:RPAY) shares reached a new 52-week low during trading on Tuesday after Canaccord Genuity Group lowered their price target on the stock from $13.00 to $12.00. Canaccord Genuity Group currently has a buy 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.

Several other research analysts have also recently commented on the company. Stephens reissued an “overweight” rating and set a $11.00 target price on shares of Repay in a research note on Tuesday. UBS Group lowered their target price on Repay from $9.50 to $7.50 and set a “neutral” rating for the company in a research note on Tuesday. BMO Capital Markets lowered their target price on Repay from $10.00 to $8.00 and set a “market perform” rating for the company in a research note on Tuesday. Keefe, Bruyette & Woods lowered their target price on Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a research note on Monday, January 6th. Finally, DA Davidson reissued a “buy” rating and set a $14.00 target price on shares of Repay in a research note on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Repay presently has a consensus rating of “Moderate Buy” and an average price target of $10.56.

Insider Transactions at Repay

In related news, CFO Timothy John Murphy sold 57,000 shares of the company’s stock in a transaction dated 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 represents a 11.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.00% of the company’s stock.

Institutional Trading of Repay

A number of large investors have recently made changes to their positions in RPAY. Wellington Management Group LLP acquired a new stake in shares of Repay in the 3rd quarter valued at about $37,197,000. Barclays PLC boosted its position in shares of Repay by 2,382.5% in the 3rd quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock valued at $12,134,000 after purchasing an additional 1,427,078 shares during the period. Bank of Montreal Can boosted its position in shares of Repay by 8,811.5% in the 3rd quarter. Bank of Montreal Can now owns 1,301,522 shares of the company’s stock valued at $10,594,000 after purchasing an additional 1,286,917 shares during the period. Millennium Management LLC boosted its position in shares of Repay by 120.6% in the 4th quarter. Millennium Management LLC now owns 1,737,811 shares of the company’s stock valued at $13,259,000 after purchasing an additional 950,185 shares during the period. Finally, River Road Asset Management LLC boosted its position in shares of Repay by 89.9% in the 3rd quarter. River Road Asset Management LLC now owns 1,891,109 shares of the company’s stock valued at $15,431,000 after purchasing an additional 895,429 shares during the period. 82.73% of the stock is owned by institutional investors and hedge funds.

Repay Trading Down 14.2 %

The stock has a market capitalization of $596.54 million, a price-to-earnings ratio of -7.02 and a beta of 1.43. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. The business has a 50-day moving average of $7.43 and a 200-day moving average of $7.87.

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.