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

Repay Holdings Co. (NASDAQ:RPAY - Get Free Report)'s share price reached a new 52-week low during trading on Monday after Barclays lowered their price target on the stock from $11.00 to $9.00. Barclays currently has an overweight rating on the stock. Repay traded as low as $5.77 and last traded at $5.89, with a volume of 17112 shares. The stock had previously closed at $5.87.

Several other brokerages have also weighed in on RPAY. 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 report on Tuesday, March 4th. Stephens reiterated an "overweight" rating and issued a $11.00 price target on shares of Repay in a report on Tuesday, March 4th. Keefe, Bruyette & Woods lowered their target price on Repay from $9.00 to $8.00 and set a "market perform" rating on the stock in a research report on Monday, January 6th. DA Davidson reissued a "buy" rating and issued a $14.00 price target on shares of Repay in a research report on Thursday, February 27th. Finally, Canaccord Genuity Group decreased their price target on shares of Repay from $13.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Repay has a consensus rating of "Moderate Buy" and an average target price of $10.31.

Hedge Funds Weigh In On Repay

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Creative Planning bought a new stake in Repay during the third quarter worth $115,000. Principal Financial Group Inc. bought a new stake in shares of Repay during the 3rd quarter worth $1,122,000. Entropy Technologies LP purchased a new position in shares of Repay in the 3rd quarter worth about $109,000. GSA Capital Partners LLP bought a new position in Repay during the third quarter valued at about $972,000. Finally, Empowered Funds LLC increased its holdings in Repay by 5.4% during the third quarter. Empowered Funds LLC now owns 355,041 shares of the company's stock worth $2,897,000 after buying an additional 18,090 shares during the last quarter. Hedge funds and other institutional investors own 82.73% of the company's stock.

Remove Ads

Repay Trading Down 3.0 %

The firm's 50-day simple moving average is $7.21 and its 200 day simple moving average is $7.76. The firm has a market cap of $540.08 million, a P/E ratio of -6.37 and a beta of 1.54. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64.

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.