Repay (NASDAQ:RPAY) Stock Price Down 4.7%

Repay Holdings Co. (NASDAQ:RPAY)’s share price dropped 4.7% during mid-day trading on Monday . The stock traded as low as $10.06 and last traded at $10.06. Approximately 214,671 shares changed hands during trading, a decline of 65% from the average daily volume of 616,465 shares. The stock had previously closed at $10.56.

Wall Street Analyst Weigh In

RPAY has been the subject of several recent research reports. Truist Financial reissued a “buy” rating and set a $13.00 target price (up previously from $10.00) on shares of Repay in a report on Monday, March 4th. Benchmark reissued a “buy” rating and set a $13.00 target price on shares of Repay in a report on Friday, May 24th. Keefe, Bruyette & Woods raised their price target on shares of Repay from $8.50 to $9.50 and gave the company a “market perform” rating in a research report on Monday, March 4th. DA Davidson restated a “buy” rating and set a $16.00 price target on shares of Repay in a research report on Tuesday, April 30th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $13.00 price target on shares of Repay in a research report on Friday, May 10th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.50.

Repay Trading Down 3.1 %

The company’s 50-day moving average price is $10.30 and its 200-day moving average price is $9.43. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of -10.44 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 earnings results 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 business had revenue of $80.72 million for the quarter, compared to analyst estimates of $80.24 million. Equities analysts expect that Repay Holdings Co. will post 0.72 EPS for the current fiscal year.

Hedge Funds Weigh In On Repay

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sunriver Management LLC boosted its position in Repay by 15.4% during the fourth quarter. Sunriver Management LLC now owns 4,477,770 shares of the company’s stock worth $38,240,000 after acquiring an additional 597,059 shares during the last quarter. Vanguard Group Inc. boosted its position in Repay by 0.7% during the first quarter. Vanguard Group Inc. now owns 4,396,890 shares of the company’s stock worth $48,366,000 after acquiring an additional 32,554 shares during the last quarter. Ranger Investment Management L.P. boosted its position in Repay by 1.4% during the fourth quarter. Ranger Investment Management L.P. now owns 2,959,167 shares of the company’s stock worth $25,271,000 after acquiring an additional 40,076 shares during the last quarter. Janus Henderson Group PLC boosted its position in Repay by 8.8% during the first quarter. Janus Henderson Group PLC now owns 2,871,790 shares of the company’s stock worth $31,589,000 after acquiring an additional 233,334 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Repay by 31.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,850,841 shares of the company’s stock worth $24,347,000 after acquiring an additional 678,403 shares during the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.

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.