Repay (NASDAQ:RPAY) Sees Strong Trading Volume

Shares of Repay Holdings Co. (NASDAQ:RPAY) saw unusually-strong trading volume on Friday . Approximately 790,285 shares were traded 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

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

Repay Price Performance

The stock’s 50-day moving average price is $10.29 and its 200 day moving average price is $9.46. The firm has a market cap of $972.60 million, a price-to-earnings ratio of -9.70 and a beta of 1.43. The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.52.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. The business had revenue of $80.72 million during the quarter, compared to analyst estimates of $80.24 million. Repay had a negative net margin of 29.49% and a positive return on equity of 7.74%. Equities research analysts predict that Repay Holdings Co. will post 0.72 earnings per share for the current year.

Institutional Trading of Repay

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RPAY. Spire Wealth Management bought a new stake in Repay during the fourth quarter worth about $34,000. Quest Partners LLC bought a new stake in Repay during the fourth quarter worth about $56,000. Oak Thistle LLC bought a new stake in Repay during the fourth quarter worth about $103,000. Bfsg LLC bought a new stake in Repay during the fourth quarter worth about $119,000. Finally, Simplicity Solutions LLC grew its stake in Repay by 17.4% during the fourth quarter. Simplicity Solutions LLC now owns 18,553 shares of the company’s stock worth $158,000 after buying an additional 2,744 shares during the last quarter. Institutional investors own 82.73% of the company’s stock.

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.