Repay (NASDAQ:RPAY) Sees Strong Trading Volume

Repay Holdings Co. (NASDAQ:RPAY) saw unusually-strong trading volume on Friday . Approximately 790,285 shares changed hands during trading, an increase of 4% from the previous session’s volume of 756,612 shares.The stock last traded at $9.47 and had previously closed at $9.42.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RPAY. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 target price on shares of Repay in a research report on Friday, May 10th. Benchmark restated a “buy” rating and set a $13.00 target price on shares of Repay in a research note on Friday, May 24th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $11.00 target price on shares of Repay in a research note on Wednesday. Finally, DA Davidson restated a “buy” rating and set a $16.00 target price on shares of Repay in a research note on Tuesday, April 30th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Repay has a consensus rating of “Hold” and a consensus price target of $10.63.

Repay Stock Up 1.6 %

The company’s 50 day moving average price is $10.29 and its two-hundred day moving average price is $9.46. 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 stock has a market cap of $972.60 million, a P/E ratio of -9.70 and a beta of 1.43.

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

Institutional Investors Weigh In On Repay

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Spire Wealth Management purchased a new stake in Repay in the 4th quarter worth approximately $34,000. Quest Partners LLC purchased a new stake in Repay during the 4th quarter valued at approximately $56,000. Oak Thistle LLC purchased a new stake in Repay during the 4th quarter valued at approximately $103,000. Bfsg LLC purchased a new stake in Repay during the 4th quarter valued at approximately $119,000. Finally, ProShare Advisors LLC grew its holdings in Repay by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock valued at $164,000 after buying an additional 1,174 shares in the last quarter. 82.73% of the stock is owned by hedge funds and other institutional investors.

Repay Company Profile

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.