Repay Holdings Co. (NASDAQ:RPAY) Short Interest Update

Repay Holdings Co. (NASDAQ:RPAY) 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) 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

Hedge funds have recently bought and sold shares of the stock. Spire Wealth Management purchased a new position in Repay during the fourth quarter worth $34,000. Quest Partners LLC acquired a new position in shares of Repay in the fourth quarter worth about $56,000. Oak Thistle LLC acquired a new position in shares of Repay in the fourth quarter worth about $103,000. Bfsg LLC acquired a new position in shares of Repay in the fourth quarter worth about $119,000. Finally, Simplicity Solutions LLC increased its holdings in Repay by 17.4% in the fourth quarter. Simplicity Solutions LLC now owns 18,553 shares of the company’s stock valued at $158,000 after buying an additional 2,744 shares during the last quarter. Hedge funds and other institutional investors own 82.73% of the company’s stock.

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.

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.