Repay (NASDAQ:RPAY) Hits New 1-Year Low After Analyst Downgrade

Repay Holdings Co. (NASDAQ:RPAY - Get Free Report)'s stock price reached a new 52-week low 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 changing hands. The stock had previously closed at $7.12.

A number of other equities analysts have also weighed in on the stock. DA Davidson reiterated a "buy" rating and issued a $14.00 price objective on shares of Repay in a research report on Thursday, February 27th. UBS Group decreased their target price on shares of Repay from $9.50 to $7.50 and set a "neutral" rating on the stock in a research report on Tuesday. Stephens restated an "overweight" rating and set a $11.00 target price on shares of Repay in a research report on Tuesday. Keefe, Bruyette & Woods decreased their target price on shares of Repay from $9.00 to $8.00 and set a "market perform" rating on the stock in a research report on Monday, January 6th. Finally, BMO Capital Markets decreased their target price 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $10.56.

Insider Buying and Selling

In related news, CFO Timothy John Murphy sold 57,000 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer now 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 11.00% of the company's stock.

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Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake 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 purchasing an additional 2,077 shares during the last quarter. Invesco Ltd. raised its stake in Repay by 1.4% in the 4th quarter. Invesco Ltd. now owns 159,371 shares of the company's stock valued at $1,216,000 after purchasing an additional 2,142 shares during the last quarter. Bailard Inc. raised its stake in Repay by 5.7% in the 4th quarter. Bailard Inc. now owns 42,600 shares of the company's stock valued at $325,000 after purchasing an additional 2,300 shares during the last quarter. Quarry LP acquired a new position in Repay in the 4th quarter valued at about $27,000. Finally, Bfsg LLC raised its stake in Repay by 29.9% in the 4th quarter. Bfsg LLC now owns 16,660 shares of the company's stock valued at $127,000 after purchasing an additional 3,830 shares during the last quarter. Institutional investors and hedge funds own 82.73% of the company's stock.

Repay Stock Down 1.5 %

The firm's 50 day moving average is $7.32 and its two-hundred day moving average is $7.82. The stock has a market cap of $573.11 million, a price-to-earnings ratio of -6.75 and a beta of 1.54. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64.

Repay Company Profile

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.