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

Shares of Repay Holdings Co. (NASDAQ:RPAY) reached a new 52-week low during mid-day 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 trading hands. The stock had previously closed at $5.87.

Several other research analysts also recently weighed in on the stock. DA Davidson reaffirmed a “buy” rating and issued a $14.00 target price on shares of Repay in a report on Thursday, February 27th. Canaccord Genuity Group reduced their price objective on shares of Repay from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. UBS Group reduced 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, March 4th. BMO Capital Markets cut 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. Finally, Stephens restated an “overweight” rating and issued a $11.00 target price on shares of Repay in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Repay presently has a consensus rating of “Moderate Buy” and an average target price of $10.31.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Wellington Management Group LLP acquired a new stake in shares of Repay in the 3rd quarter worth $37,197,000. Barclays PLC grew its holdings 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 worth $12,134,000 after buying an additional 1,427,078 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Repay by 8,811.5% during the third quarter. Bank of Montreal Can now owns 1,301,522 shares of the company’s stock worth $10,594,000 after buying an additional 1,286,917 shares in the last quarter. Millennium Management LLC boosted its position in shares of Repay by 120.6% in the fourth quarter. Millennium Management LLC now owns 1,737,811 shares of the company’s stock worth $13,259,000 after acquiring an additional 950,185 shares during the last quarter. Finally, Private Management Group Inc. boosted its position in shares of Repay by 71.6% in the fourth quarter. Private Management Group Inc. now owns 1,740,150 shares of the company’s stock worth $13,277,000 after acquiring an additional 726,058 shares during the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.

Repay Trading Down 0.2 %

The stock has a market capitalization of $559.58 million, a price-to-earnings ratio of -6.60 and a beta of 1.54. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. The business’s 50-day simple moving average is $7.25 and its two-hundred day simple moving average is $7.78.

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.