Shares of Repay Holdings Co. (NASDAQ:RPAY – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 790,285 shares were traded during mid-day 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.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on RPAY shares. Benchmark reiterated a “buy” rating and issued a $13.00 price objective on shares of Repay in a report on Friday, May 24th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $11.00 price objective on shares of Repay in a report on Wednesday. DA Davidson reissued a “buy” rating and set a $16.00 target price on shares of Repay in a research report on Tuesday, April 30th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $13.00 target price on shares of Repay in a research report on Friday, May 10th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.63.
Get Our Latest Analysis on RPAY
Repay Price Performance
Repay (NASDAQ:RPAY – Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. The business had revenue of $80.72 million during the quarter, compared to analyst estimates of $80.24 million. Repay had a negative net margin of 29.49% and a positive return on equity of 7.74%. Equities research analysts predict that Repay Holdings Co. will post 0.72 earnings per share for the current year.
Institutional Trading of Repay
A number of institutional investors and hedge funds have recently added to or reduced their stakes in RPAY. Spire Wealth Management bought a new stake in Repay during the fourth quarter worth about $34,000. Quest Partners LLC bought a new stake in Repay during the fourth quarter worth about $56,000. Oak Thistle LLC bought a new stake in Repay during the fourth quarter worth about $103,000. Bfsg LLC bought a new stake in Repay during the fourth quarter worth about $119,000. Finally, Simplicity Solutions LLC grew its stake in Repay by 17.4% during the fourth quarter. Simplicity Solutions LLC now owns 18,553 shares of the company’s stock worth $158,000 after buying an additional 2,744 shares during the last quarter. 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.
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