Repay Holdings Corporation $RPAY Shares Purchased by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC boosted its holdings in shares of Repay Holdings Corporation (NASDAQ:RPAY) by 76.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,089,241 shares of the company’s stock after purchasing an additional 471,767 shares during the quarter. Pacific Ridge Capital Partners LLC’s holdings in Repay were worth $3,976,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in RPAY. Quarry LP purchased a new stake in Repay in the third quarter valued at $26,000. EverSource Wealth Advisors LLC raised its position in Repay by 224.4% during the second quarter. EverSource Wealth Advisors LLC now owns 10,433 shares of the company’s stock valued at $50,000 after acquiring an additional 7,217 shares in the last quarter. Captrust Financial Advisors purchased a new stake in Repay in the 2nd quarter worth approximately $62,000. Tower Research Capital LLC TRC grew its stake in shares of Repay by 138.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 14,333 shares of the company’s stock worth $69,000 after purchasing an additional 8,331 shares during the period. Finally, Focus Partners Wealth purchased a new position in shares of Repay during the 3rd quarter valued at approximately $78,000. 82.73% of the stock is owned by hedge funds and other institutional investors.

Repay Stock Down 5.4%

NASDAQ RPAY opened at $3.35 on Tuesday. The business has a fifty day moving average price of $3.12 and a 200 day moving average price of $3.43. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market cap of $318.12 million, a P/E ratio of -1.09 and a beta of 1.88. Repay Holdings Corporation has a one year low of $2.30 and a one year high of $6.05.

Repay (NASDAQ:RPAY) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The firm had revenue of $80.79 million for the quarter, compared to the consensus estimate of $80.48 million. Repay had a negative net margin of 82.73% and a positive return on equity of 10.45%. Research analysts anticipate that Repay Holdings Corporation will post 0.69 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on RPAY. DA Davidson reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Repay in a report on Tuesday, May 5th. UBS Group lifted their price target on Repay from $3.50 to $3.75 and gave the company a “neutral” rating in a research note on Thursday. Weiss Ratings cut Repay from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. Benchmark dropped their price target on shares of Repay from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Finally, Morgan Stanley cut their price target on shares of Repay from $4.00 to $3.50 and set an “equal weight” rating for the company in a report on Tuesday, March 10th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Repay currently has an average rating of “Hold” and an average target price of $5.36.

Repay Profile

Repay Holdings Corp. (Nasdaq: RPAY) is a specialized financial technology company that delivers integrated payment solutions to businesses operating within key vertical markets. The company’s platform enables merchants and service providers to accept a range of payment types, including credit and debit cards, automated clearing house (ACH) transfers and electronic checks. Repay’s offerings are designed to seamlessly integrate with third-party software applications, such as enterprise resource planning, customer relationship management and point-of-sale systems, empowering industries such as utilities, telecommunications, automotive finance, healthcare, insurance, property management and education.

Tracing its roots to the formation of Pinnacle Payment Systems in 1997, Repay expanded its capabilities through strategic acquisitions, including Southeastern Integrated Solutions and Payliance, before completing a business combination with Thunder Bridge Acquisition II in 2019 to become a publicly traded company on the Nasdaq.