Repay Holdings Corporation $RPAY Stock Position Raised by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its position in Repay Holdings Corporation (NASDAQ:RPAY) by 151.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 258,258 shares of the company’s stock after buying an additional 155,509 shares during the quarter. Squarepoint Ops LLC owned about 0.28% of Repay worth $1,245,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in Repay by 45.5% in the second quarter. American Century Companies Inc. now owns 6,440,443 shares of the company’s stock valued at $31,043,000 after acquiring an additional 2,013,128 shares during the last quarter. Sunriver Management LLC raised its holdings in shares of Repay by 2.1% during the 1st quarter. Sunriver Management LLC now owns 6,168,501 shares of the company’s stock valued at $34,359,000 after purchasing an additional 125,133 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Repay by 4.4% in the 1st quarter. Wellington Management Group LLP now owns 4,917,703 shares of the company’s stock valued at $27,392,000 after purchasing an additional 207,212 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Repay by 1.8% in the first quarter. Vanguard Group Inc. now owns 4,770,074 shares of the company’s stock worth $26,569,000 after purchasing an additional 82,196 shares in the last quarter. Finally, Private Management Group Inc. boosted its holdings in Repay by 57.3% in the second quarter. Private Management Group Inc. now owns 4,175,111 shares of the company’s stock worth $20,124,000 after purchasing an additional 1,520,432 shares in the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on RPAY shares. Benchmark restated a “buy” rating on shares of Repay in a report on Friday, November 14th. Wall Street Zen lowered Repay from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Repay in a research report on Monday, December 8th. Canaccord Genuity Group reissued a “buy” rating and issued a $12.00 price target on shares of Repay in a research report on Tuesday, November 11th. Finally, Morgan Stanley reduced their price objective on shares of Repay from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 12th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Repay currently has a consensus rating of “Hold” and a consensus target price of $6.92.

Repay Stock Performance

Shares of NASDAQ RPAY opened at $3.79 on Friday. Repay Holdings Corporation has a 12 month low of $2.97 and a 12 month high of $8.00. The company has a market cap of $346.22 million, a P/E ratio of -2.77 and a beta of 1.68. The business’s 50 day moving average is $3.88 and its two-hundred day moving average is $4.75. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.45.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $77.73 million for the quarter, compared to the consensus estimate of $76.92 million. Repay had a negative net margin of 39.08% and a positive return on equity of 9.04%. Repay’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the company posted $0.23 earnings per share. On average, equities analysts expect that Repay Holdings Corporation will post 0.72 EPS for the current year.

About Repay

Repay Holdings Corp. (Nasdaq: RPAY) is a specialized financial technology company that delivers integrated payment solutions to businesses operating within key vertical markets. The company’s platform enables merchants and service providers to accept a range of payment types, including credit and debit cards, automated clearing house (ACH) transfers and electronic checks. Repay’s offerings are designed to seamlessly integrate with third-party software applications, such as enterprise resource planning, customer relationship management and point-of-sale systems, empowering industries such as utilities, telecommunications, automotive finance, healthcare, insurance, property management and education.

Tracing its roots to the formation of Pinnacle Payment Systems in 1997, Repay expanded its capabilities through strategic acquisitions, including Southeastern Integrated Solutions and Payliance, before completing a business combination with Thunder Bridge Acquisition II in 2019 to become a publicly traded company on the Nasdaq.