Repay (NASDAQ:RPAY) Sees Strong Trading Volume

Repay Holdings Co. (NASDAQ:RPAYGet Free Report) shares saw unusually-strong trading volume on Friday . Approximately 790,285 shares traded hands during mid-day trading, an increase of 4% from the previous session’s volume of 756,612 shares.The stock last traded at $9.47 and had previously closed at $9.42.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Canaccord Genuity Group restated a “buy” rating and set a $13.00 price objective on shares of Repay in a research report on Friday, May 10th. Benchmark restated a “buy” rating and issued a $13.00 price objective on shares of Repay in a research report on Friday, May 24th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $11.00 price objective on shares of Repay in a research report on Wednesday. Finally, DA Davidson reissued a “buy” rating and issued a $16.00 target price on shares of Repay in a research note on Tuesday, April 30th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.63.

View Our Latest Stock Report on Repay

Repay Stock Up 2.1 %

The company has a debt-to-equity ratio of 0.52, a current ratio of 3.44 and a quick ratio of 3.44. The stock has a market cap of $977.68 million, a price-to-earnings ratio of -9.82 and a beta of 1.43. The firm’s 50-day moving average is $10.28 and its 200 day moving average is $9.48.

Repay (NASDAQ:RPAYGet Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. Repay had a negative net margin of 29.49% and a positive return on equity of 7.74%. The company had revenue of $80.72 million during the quarter, compared to analysts’ expectations of $80.24 million. Sell-side analysts anticipate that Repay Holdings Co. will post 0.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Repay

Several institutional investors have recently bought and sold shares of the business. Sunriver Management LLC grew its stake in shares of Repay by 15.4% in the fourth quarter. Sunriver Management LLC now owns 4,477,770 shares of the company’s stock valued at $38,240,000 after buying an additional 597,059 shares in the last quarter. CenterBook Partners LP lifted its position in shares of Repay by 25.8% during the fourth quarter. CenterBook Partners LP now owns 688,703 shares of the company’s stock worth $5,882,000 after purchasing an additional 141,414 shares in the last quarter. G2 Investment Partners Management LLC purchased a new position in shares of Repay in the fourth quarter valued at $7,303,000. Azora Capital LP grew its holdings in Repay by 24.9% during the 4th quarter. Azora Capital LP now owns 2,701,300 shares of the company’s stock valued at $23,069,000 after purchasing an additional 538,893 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in Repay by 19.7% during the 3rd quarter. Hsbc Holdings PLC now owns 22,312 shares of the company’s stock worth $171,000 after buying an additional 3,669 shares during the period. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

About Repay

(Get Free Report)

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.

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