Repay (NASDAQ:RPAY) Sets New 12-Month Low – Should You Sell?

Repay Holdings Co. (NASDAQ:RPAY)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $7.08 and last traded at $7.37, with a volume of 14360 shares. The stock had previously closed at $7.25.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Canaccord Genuity Group restated a “buy” rating and set a $13.00 price target on shares of Repay in a report on Thursday. Keefe, Bruyette & Woods reduced 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 note on Monday, January 6th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Repay currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.33.

Repay Price Performance

The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. The stock has a fifty day moving average of $7.64 and a 200-day moving average of $8.03.

Repay (NASDAQ:RPAY) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The firm had revenue of $79.15 million for the quarter, compared to analysts’ expectations of $78.97 million. During the same period in the prior year, the business posted $0.16 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, research analysts forecast that Repay Holdings Co. will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Repay

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total value of $470,250.00. Following the completion of the sale, the chief financial officer now directly owns 450,879 shares in the company, valued at approximately $3,719,751.75. This represents a 11.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.00% of the stock is owned by corporate insiders.

Institutional Trading of Repay

A number of hedge funds have recently added to or reduced their stakes in RPAY. Principal Financial Group Inc. bought a new stake in shares of Repay in the 3rd quarter valued at about $1,122,000. Villanova Investment Management Co LLC increased its holdings in Repay by 71.7% during the third quarter. Villanova Investment Management Co LLC now owns 281,439 shares of the company’s stock valued at $2,297,000 after buying an additional 117,573 shares during the period. Millrace Asset Group Inc. raised its stake in Repay by 216.7% in the third quarter. Millrace Asset Group Inc. now owns 323,139 shares of the company’s stock worth $2,637,000 after buying an additional 221,102 shares in the last quarter. Barclays PLC boosted its position in Repay by 2,382.5% during the 3rd quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock valued at $12,134,000 after acquiring an additional 1,427,078 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Repay by 29.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 492,166 shares of the company’s stock valued at $4,016,000 after acquiring an additional 112,125 shares during the period. 82.73% of the stock is owned by hedge funds and other institutional investors.

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.