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

Repay Holdings Co. (NASDAQ:RPAY) shares hit a new 52-week low 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.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RPAY. 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 research report on Tuesday, March 4th. Barclays cut their price target on shares of Repay from $11.00 to $9.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. DA Davidson restated a “buy” rating and set a $14.00 price objective on shares of Repay in a research note on Thursday, February 27th. UBS Group lowered their target price on Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods reduced their price target on Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a research report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Repay has an average rating of “Moderate Buy” and an average price target of $10.31.

Repay Stock Down 4.1 %

The firm has a market cap of $498.16 million, a price-to-earnings ratio of -5.87 and a beta of 1.64. 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 stock has a 50-day moving average of $6.60 and a 200-day moving average of $7.47.

Institutional Investors Weigh In On Repay

Hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP acquired a new stake in shares of Repay in the 3rd quarter valued at about $37,197,000. Barclays PLC raised its holdings 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 during the period. Millennium Management LLC increased its holdings 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 purchasing an additional 950,185 shares during the period. Private Management Group Inc. raised its position in shares of Repay by 71.6% during the 4th quarter. Private Management Group Inc. now owns 1,740,150 shares of the company’s stock valued at $13,277,000 after buying an additional 726,058 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Repay by 60.6% in the 4th quarter. Royce & Associates LP now owns 1,812,074 shares of the company’s stock valued at $13,826,000 after purchasing an additional 683,548 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.

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.