Repay (NASDAQ:RPAY) Sees Large Volume Increase – Still a Buy?

Repay Holdings Co. (NASDAQ:RPAY) saw strong trading volume on Wednesday . 4,358,206 shares changed hands during trading, an increase of 440% from the previous session’s volume of 806,661 shares.The stock last traded at $5.67 and had previously closed at $5.64.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RPAY. BMO Capital Markets reduced their target price on shares of Repay from $10.00 to $8.00 and set a “market perform” rating for the company in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods cut their price target on Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a report on Monday, January 6th. DA Davidson restated a “buy” rating and issued a $14.00 price objective on shares of Repay in a research note on Thursday, February 27th. UBS Group dropped their target price on shares of Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Finally, Canaccord Genuity Group reduced their price target on shares of Repay from $13.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.31.

Repay Price Performance

The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. The company’s 50-day moving average is $6.72 and its 200-day moving average is $7.51. The stock has a market cap of $548.37 million, a price-to-earnings ratio of -6.47 and a beta of 1.54.

Hedge Funds Weigh In On Repay

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP bought a new stake in Repay in the fourth quarter valued at $27,000. R Squared Ltd acquired a new stake in shares of Repay during the 4th quarter worth about $36,000. Blue Trust Inc. lifted its holdings in Repay by 57.9% during the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock valued at $46,000 after purchasing an additional 2,077 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in Repay in the fourth quarter valued at about $47,000. Finally, Olympiad Research LP bought a new stake in Repay during the fourth quarter worth about $80,000. Institutional investors own 82.73% of the company’s stock.

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.