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

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Repay in a research note on Monday, December 29th. Wall Street Zen cut Repay from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Morgan Stanley lowered their price target on Repay from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Wednesday, November 12th. UBS Group cut 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. Finally, DA Davidson reiterated a “buy” rating and issued a $10.00 price objective on shares of Repay in a research report on Tuesday, November 11th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $6.92.

Repay Stock Up 0.8%

The company has a debt-to-equity ratio of 0.45, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $328.86 million, a price-to-earnings ratio of -2.63 and a beta of 1.64. The firm has a 50-day moving average price of $3.55 and a two-hundred day moving average price of $4.60.

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

Institutional Investors Weigh In On Repay

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP bought a new position in shares of Repay in the 3rd quarter valued at about $26,000. Focus Partners Advisor Solutions LLC acquired a new position in Repay during the second quarter valued at approximately $49,000. EverSource Wealth Advisors LLC grew its stake in Repay by 224.4% in the second quarter. EverSource Wealth Advisors LLC now owns 10,433 shares of the company’s stock valued at $50,000 after purchasing an additional 7,217 shares in the last quarter. Spire Wealth Management grew its stake in Repay by 44.2% in the second quarter. Spire Wealth Management now owns 10,970 shares of the company’s stock valued at $53,000 after purchasing an additional 3,360 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Repay during the second quarter worth $56,000. 82.73% of the stock is owned by institutional investors.

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.