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Repay (NASDAQ:RPAY) Reaches New 52-Week Low - Here's What Happened

Repay logo with Business Services background

Shares of Repay Holdings Co. (NASDAQ:RPAY - Get Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as $5.29 and last traded at $5.35, with a volume of 433811 shares changing hands. The stock had previously closed at $5.77.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RPAY. Keefe, Bruyette & Woods cut their price target 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. Canaccord Genuity Group cut their price target on Repay from $13.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. UBS Group lowered their price objective on Repay from $9.50 to $7.50 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. DA Davidson reiterated a "buy" rating and set a $14.00 target price on shares of Repay in a research report on Thursday, February 27th. Finally, BMO Capital Markets lowered their price target on shares of Repay from $10.00 to $8.00 and set a "market perform" rating on the stock in a research report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $10.31.

Get Our Latest Stock Analysis on Repay

Repay Stock Down 3.5 %

The stock has a fifty day simple moving average of $6.45 and a two-hundred day simple moving average of $7.39. The firm has a market cap of $485.49 million, a PE ratio of -5.72 and a beta of 1.64. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RPAY. Quarry LP purchased a new stake in shares of Repay in the fourth quarter worth $27,000. R Squared Ltd purchased a new stake in shares of Repay in the 4th quarter valued at about $36,000. Blue Trust Inc. boosted its position in shares of Repay by 57.9% during 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. purchased a new position in shares of Repay during the fourth quarter worth about $47,000. Finally, Olympiad Research LP bought a new position in shares of Repay in the fourth quarter worth approximately $80,000. 82.73% of the stock is owned by institutional investors.

Repay Company Profile

(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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