Repay (NASDAQ:RPAY) Sets New 52-Week Low – What’s Next?

Repay Holdings Co. (NASDAQ:RPAY) shares reached a new 52-week low on Monday . The company traded as low as $5.77 and last traded at $5.89, with a volume of 17112 shares trading hands. The stock had previously closed at $5.87.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. DA Davidson restated a “buy” rating and set a $14.00 price objective on shares of Repay in a report on Thursday, February 27th. BMO Capital Markets dropped their price objective on shares of Repay from $10.00 to $8.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods decreased 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. UBS Group cut their price objective on shares of Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Finally, Stephens reissued an “overweight” rating and set a $11.00 target price on shares of Repay in a research note on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.56.

Repay Trading Down 1.7 %

The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $562.51 million, a P/E ratio of -6.64 and a beta of 1.54. The business has a 50 day moving average price of $7.32 and a 200 day moving average price of $7.82.

Insider Activity at Repay

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were 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 in the company, valued at approximately $3,719,751.75. This trade represents a 11.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.00% of the stock is owned by company insiders.

Institutional Trading of Repay

Several institutional investors have recently made changes to their positions in RPAY. Wellington Management Group LLP purchased a new position in shares of Repay during the 3rd quarter valued at $37,197,000. Barclays PLC increased its position in shares of Repay by 2,382.5% during the third quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock valued at $12,134,000 after buying an additional 1,427,078 shares during the period. Bank of Montreal Can increased its stake 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 worth $10,594,000 after acquiring an additional 1,286,917 shares in the last quarter. Millennium Management LLC boosted its stake in Repay by 120.6% in the 4th quarter. Millennium Management LLC now owns 1,737,811 shares of the company’s stock worth $13,259,000 after purchasing an additional 950,185 shares in the last quarter. Finally, Private Management Group Inc. increased its holdings in Repay by 71.6% in the 4th quarter. Private Management Group Inc. now owns 1,740,150 shares of the company’s stock worth $13,277,000 after buying an additional 726,058 shares in the last quarter. 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.