Repay (NASDAQ:RPAY) Trading Up 0.8% – Here’s What Happened

Repay Holdings Corporation (NASDAQ:RPAY) shares shot up 0.8% on Thursday . The company traded as high as $3.68 and last traded at $3.60. 1,289,541 shares changed hands during mid-day trading, an increase of 80% from the average session volume of 718,089 shares. The stock had previously closed at $3.57.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RPAY. Benchmark restated a “buy” rating on shares of Repay in a report on Friday, November 14th. DA Davidson restated a “buy” rating and issued a $10.00 price target on shares of Repay in a research note on Tuesday, November 11th. UBS Group decreased their price objective on Repay from $5.75 to $4.00 and set a “neutral” rating on the stock in a report on Tuesday, November 11th. Morgan Stanley dropped their target price on Repay from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Wednesday, November 12th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Repay in a research report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $6.92.

Repay Stock Performance

The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. The company has a market cap of $328.86 million, a P/E ratio of -2.63 and a beta of 1.64. The company has a 50 day moving average price of $3.55 and a 200-day moving average price of $4.60.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RPAY. SG Americas Securities LLC raised its stake in Repay by 140.7% during the fourth quarter. SG Americas Securities LLC now owns 30,784 shares of the company’s stock worth $112,000 after buying an additional 17,994 shares during the last quarter. PharVision Advisers LLC bought a new position in shares of Repay in the 3rd quarter worth about $145,000. Quarry LP acquired a new position in shares of Repay in the 3rd quarter valued at about $26,000. Mariner LLC lifted its stake in shares of Repay by 59.5% in the 3rd quarter. Mariner LLC now owns 58,878 shares of the company’s stock valued at $308,000 after purchasing an additional 21,960 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of Repay by 174.8% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 36,361 shares of the company’s stock valued at $190,000 after purchasing an additional 23,128 shares in the last quarter. Institutional investors own 82.73% of the company’s stock.

Repay Company Profile

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.