Repay Holdings Co. (NASDAQ:RPAY – Get Free Report) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 10,020,000 shares, a growth of 489.4% from the June 30th total of 1,700,000 shares. Based on an average daily trading volume, of 1,030,000 shares, the days-to-cover ratio is presently 9.7 days. Approximately 12.5% of the shares of the company are sold short.
Repay Price Performance
Shares of RPAY traded up $0.10 during mid-day trading on Thursday, hitting $9.69. The company’s stock had a trading volume of 1,403,112 shares, compared to its average volume of 824,171. The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 0.52. The firm has a 50-day simple moving average of $10.06 and a 200 day simple moving average of $9.60. The firm has a market capitalization of $984.79 million, a P/E ratio of -9.89 and a beta of 1.43. Repay has a 1-year low of $5.63 and a 1-year high of $11.27.
Repay (NASDAQ:RPAY – Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $80.72 million during the quarter, compared to analysts’ expectations of $80.24 million. Repay had a positive return on equity of 7.74% and a negative net margin of 29.49%. Analysts predict that Repay will post 0.72 EPS for the current fiscal year.
Hedge Funds Weigh In On Repay
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. Canaccord Genuity Group restated a “buy” rating and set a $13.00 price target on shares of Repay in a research note on Friday, May 10th. Benchmark restated a “buy” rating and set a $13.00 price target on shares of Repay in a research note on Friday, May 24th. DA Davidson restated a “buy” rating and set a $16.00 price target on shares of Repay in a research note on Tuesday, July 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $11.00 price objective on shares of Repay in a research report on Wednesday, July 3rd. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.63.
Read Our Latest Stock Analysis on RPAY
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.
Recommended Stories
- Five stocks we like better than Repay
- How to Invest in Insurance Companies: A GuideĀ
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- What is MarketRankā¢? How to Use it
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
Receive News & Ratings for Repay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Repay and related companies with MarketBeat.com's FREE daily email newsletter.