Repay (NASDAQ:RPAY) Reaches New 52-Week High at $11.27

Repay Holdings Co. (NASDAQ:RPAY) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $11.27 and last traded at $10.90, with a volume of 1315282 shares changing hands. The stock had previously closed at $10.70.

Wall Street Analysts Forecast Growth

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

Repay Stock Up 1.4 %

The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.52. The stock has a 50-day simple moving average of $10.09 and a 200-day simple moving average of $9.12. The firm has a market capitalization of $1.10 billion, a PE ratio of -10.92 and a beta of 1.39.

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

Insider Activity

In related news, CFO Timothy John Murphy sold 58,275 shares of Repay stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $11.03, for a total transaction of $642,773.25. Following the completion of the sale, the chief financial officer now owns 506,924 shares of the company’s stock, valued at $5,591,371.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 11.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Repay

Hedge funds and other institutional investors have recently modified their holdings of the company. Spire Wealth Management purchased a new position in shares of Repay in the 4th quarter worth about $34,000. Quest Partners LLC purchased a new stake in Repay during the 4th quarter valued at about $56,000. Oak Thistle LLC purchased a new stake in Repay during the 4th quarter valued at about $103,000. Bfsg LLC purchased a new stake in Repay during the 4th quarter valued at about $119,000. Finally, Simplicity Solutions LLC raised its position in Repay by 17.4% during the 4th quarter. Simplicity Solutions LLC now owns 18,553 shares of the company’s stock valued at $158,000 after purchasing an additional 2,744 shares during the last quarter. 82.73% of the stock is currently 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.