Repay (NASDAQ:RPAY) Trading Down 4.7%

Repay Holdings Co. (NASDAQ:RPAY)’s stock price dropped 4.7% during trading on Monday . The stock traded as low as $10.06 and last traded at $10.06. Approximately 214,671 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 616,465 shares. The stock had previously closed at $10.56.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on RPAY. DA Davidson reaffirmed a “buy” rating and issued a $16.00 target price on shares of Repay in a research report on Tuesday, April 30th. Benchmark restated a “buy” rating and issued a $13.00 price target on shares of Repay in a report on Friday, May 24th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $13.00 price objective on shares of Repay in a research note on Friday, May 10th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $10.50.

Repay Trading Down 2.1 %

The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.52. The company has a 50-day simple moving average of $10.31 and a two-hundred day simple moving average of $9.45.

Repay (NASDAQ:RPAY) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. Repay had a negative net margin of 29.49% and a positive return on equity of 7.74%. The firm had revenue of $80.72 million for the quarter, compared to the consensus estimate of $80.24 million. Sell-side analysts anticipate that Repay Holdings Co. will post 0.72 EPS for the current fiscal year.

Hedge Funds Weigh In On Repay

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ProShare Advisors LLC boosted its position in Repay by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock worth $164,000 after acquiring an additional 1,174 shares during the period. Bleakley Financial Group LLC increased its stake in Repay by 6.6% during the 1st quarter. Bleakley Financial Group LLC now owns 19,966 shares of the company’s stock valued at $220,000 after buying an additional 1,232 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Repay by 4.1% in the 4th quarter. Fisher Asset Management LLC now owns 52,819 shares of the company’s stock worth $451,000 after acquiring an additional 2,057 shares during the period. Simplicity Solutions LLC lifted its stake in shares of Repay by 17.4% in the 4th quarter. Simplicity Solutions LLC now owns 18,553 shares of the company’s stock worth $158,000 after acquiring an additional 2,744 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Repay by 18.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,911 shares of the company’s stock worth $264,000 after acquiring an additional 3,661 shares during the period. 82.73% of the stock is 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.