Repay (NASDAQ:RPAY) Stock Price Down 4.7%

Shares of Repay Holdings Co. (NASDAQ:RPAY) traded down 4.7% during mid-day trading on Monday . The company traded as low as $10.06 and last traded at $10.06. 214,671 shares changed hands during trading, a decline of 65% from the average session volume of 616,465 shares. The stock had previously closed at $10.56.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Truist Financial reaffirmed a “buy” rating and issued a $13.00 price target (up previously from $10.00) on shares of Repay in a report on Monday, March 4th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 price target on shares of Repay in a report on Friday, May 10th. Benchmark reaffirmed a “buy” rating and issued a $13.00 price target on shares of Repay in a report on Friday, May 24th. Keefe, Bruyette & Woods upped their price target on shares of Repay from $8.50 to $9.50 and gave the stock a “market perform” rating in a report on Monday, March 4th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $16.00 price target on shares of Repay in a report on Tuesday, April 30th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.50.

Repay Trading Down 3.1 %

The firm has a market cap of $1.04 billion, a P/E ratio of -10.44 and a beta of 1.43. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.44 and a quick ratio of 3.44. The stock has a 50 day moving average of $10.30 and a 200 day moving average of $9.43.

Repay (NASDAQ:RPAY) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.18 earnings per share (EPS) 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 business had revenue of $80.72 million during the quarter, compared to analyst estimates of $80.24 million. As a group, equities research analysts predict that Repay Holdings Co. will post 0.72 EPS for the current year.

Institutional Trading of Repay

Several institutional investors have recently added to or reduced their stakes in RPAY. Janus Henderson Group PLC boosted its holdings in shares of Repay by 8.8% during the first quarter. Janus Henderson Group PLC now owns 2,871,790 shares of the company’s stock worth $31,589,000 after purchasing an additional 233,334 shares during the period. Bayesian Capital Management LP boosted its holdings in shares of Repay by 33.8% during the first quarter. Bayesian Capital Management LP now owns 30,906 shares of the company’s stock worth $340,000 after purchasing an additional 7,800 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Repay by 18.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,911 shares of the company’s stock worth $264,000 after purchasing an additional 3,661 shares during the period. Summit Creek Advisors LLC boosted its holdings in shares of Repay by 0.7% during the first quarter. Summit Creek Advisors LLC now owns 1,844,508 shares of the company’s stock worth $20,290,000 after purchasing an additional 12,517 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Repay by 0.7% during the first quarter. Vanguard Group Inc. now owns 4,396,890 shares of the company’s stock worth $48,366,000 after purchasing an additional 32,554 shares during the period. 82.73% of the stock is currently owned by hedge funds and other 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.