Repay (NASDAQ:RPAY) Sees Strong Trading Volume

Repay Holdings Co. (NASDAQ:RPAY) shares saw unusually-high trading volume on Wednesday . Approximately 522,931 shares were traded during mid-day trading, a decline of 36% from the previous session’s volume of 820,585 shares.The stock last traded at $9.95 and had previously closed at $9.82.

Analysts Set New Price Targets

RPAY has been the topic of a number of research analyst reports. DA Davidson restated a “buy” rating and issued a $16.00 price target on shares of Repay in a research note on Tuesday, July 9th. Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 price objective on shares of Repay in a report on Friday, May 10th. Benchmark reiterated a “buy” rating and issued a $13.00 price objective on shares of Repay in a report on Friday, May 24th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $11.00 price target on shares of Repay in a report on Wednesday, July 3rd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Repay presently has a consensus rating of “Hold” and an average price target of $10.63.

Repay Trading Up 2.3 %

The business’s 50 day moving average is $10.16 and its two-hundred day moving average is $9.54. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.44 and a quick ratio of 3.44.

Repay (NASDAQ:RPAY) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $80.24 million. On average, analysts anticipate that Repay Holdings Co. will post 0.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RPAY. Sunriver Management LLC grew its holdings 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 worth $38,240,000 after purchasing an additional 597,059 shares during the last quarter. CenterBook Partners LP grew its holdings in shares of Repay by 25.8% in 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 during the last quarter. G2 Investment Partners Management LLC bought a new position in shares of Repay in the fourth quarter worth approximately $7,303,000. Azora Capital LP grew its holdings in shares of Repay by 24.9% in the fourth quarter. Azora Capital LP now owns 2,701,300 shares of the company’s stock worth $23,069,000 after purchasing an additional 538,893 shares during the last quarter. Finally, American Century Companies Inc. bought a new position in shares of Repay in the third quarter worth approximately $8,492,000. 82.73% of the stock is currently owned by institutional investors.

About Repay

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.