Repay (NASDAQ:RPAY) Reaches New 52-Week Low – Should You Sell?

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Stephens reiterated an “overweight” rating and set a $11.00 price target on shares of Repay in a report on Tuesday, March 4th. Barclays cut their target price on Repay from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Canaccord Genuity Group lowered their price target on Repay from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Keefe, Bruyette & Woods reduced their price objective on Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a report on Monday, January 6th. Finally, UBS Group lowered their target price on shares of Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.31.

Repay Stock Performance

The business has a 50-day moving average of $6.69 and a 200 day moving average of $7.50. 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 company has a market cap of $519.61 million, a PE ratio of -6.13 and a beta of 1.54.

Institutional Investors Weigh In On Repay

Large investors have recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in shares of Repay by 57.9% in the fourth quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock worth $46,000 after buying an additional 2,077 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Repay by 1.4% during the 4th quarter. Invesco Ltd. now owns 159,371 shares of the company’s stock worth $1,216,000 after acquiring an additional 2,142 shares during the last quarter. Bailard Inc. boosted its stake in shares of Repay by 5.7% during the 4th quarter. Bailard Inc. now owns 42,600 shares of the company’s stock worth $325,000 after acquiring an additional 2,300 shares during the last quarter. Quarry LP bought a new stake in shares of Repay during the 4th quarter valued at $27,000. Finally, Bfsg LLC increased its stake in shares of Repay by 29.9% in the 4th quarter. Bfsg LLC now owns 16,660 shares of the company’s stock worth $127,000 after purchasing an additional 3,830 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors.

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.