Repay Holdings Co. (NASDAQ:RPAY - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $7.08 and last traded at $7.37, with a volume of 14360 shares traded. The stock had previously closed at $7.25.
Wall Street Analyst Weigh In
A number of research firms have issued reports on RPAY. Keefe, Bruyette & Woods cut their price target on Repay from $9.00 to $8.00 and set a "market perform" rating on the stock in a report on Monday, January 6th. Canaccord Genuity Group restated a "buy" rating and set a $13.00 price target on shares of Repay in a report on Thursday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $12.33.
Read Our Latest Analysis on RPAY
Repay Trading Up 1.5 %
The stock has a market cap of $723.44 million, a P/E ratio of -8.52 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 stock has a 50-day moving average price of $7.63 and a 200-day moving average price of $8.00.
Insiders Place Their Bets
In other news, CFO Timothy John Murphy sold 57,000 shares of the business'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 transaction of $470,250.00. Following the transaction, the chief financial officer now directly owns 450,879 shares of the company's stock, valued at approximately $3,719,751.75. The trade was a 11.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.00% of the company's stock.
Institutional Investors Weigh In On Repay
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP bought a new stake in Repay in the fourth quarter worth $27,000. Blue Trust Inc. boosted its holdings in Repay by 340.0% in the third 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 bought a new stake in Repay in the fourth quarter worth $36,000. Johnson Financial Group Inc. bought a new stake in Repay in the fourth quarter worth $47,000. Finally, nVerses Capital LLC bought a new stake in Repay in the third quarter worth $59,000. 82.73% of the stock is owned by hedge funds and other institutional investors.
About Repay
(
Get Free Report)
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.
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