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

Repay Holdings Co. (NASDAQ:RPAY)’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 traded. The stock had previously closed at $5.87.

A number of other equities research analysts have also recently issued reports on the company. Canaccord Genuity Group cut their target price on Repay from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. BMO Capital Markets reduced their price target on Repay from $10.00 to $8.00 and set a “market perform” rating for the company in a report 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 report on Tuesday, March 4th. Stephens reissued an “overweight” rating and issued a $11.00 price objective on shares of Repay in a research note on Tuesday, March 4th. Finally, DA Davidson reaffirmed a “buy” rating and set a $14.00 price target on shares of Repay in a research note on Thursday, February 27th. Three 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, the company has an average rating of “Moderate Buy” and an average price target of $10.31.

Institutional Trading of Repay

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sunriver Management LLC lifted its stake in Repay by 11.6% in the fourth quarter. Sunriver Management LLC now owns 6,043,368 shares of the company’s stock valued at $46,111,000 after purchasing an additional 626,528 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Repay by 3.3% in the fourth quarter. Wellington Management Group LLP now owns 4,710,491 shares of the company’s stock worth $35,941,000 after buying an additional 152,078 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Repay by 6.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,339,948 shares of the company’s stock valued at $33,114,000 after acquiring an additional 243,743 shares during the last quarter. American Century Companies Inc. raised its position in Repay by 6.8% during the fourth quarter. American Century Companies Inc. now owns 4,171,648 shares of the company’s stock valued at $31,830,000 after purchasing an additional 267,184 shares in the last quarter. Finally, River Road Asset Management LLC raised its position in Repay by 31.7% during the fourth quarter. River Road Asset Management LLC now owns 2,490,949 shares of the company’s stock valued at $19,006,000 after purchasing an additional 599,840 shares in the last quarter. 82.73% of the stock is owned by institutional investors.

Repay Stock Performance

The stock has a market cap of $559.58 million, a PE ratio of -6.60 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. The company has a fifty day moving average price of $7.25 and a 200 day moving average price of $7.78.

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.