Repay (NASDAQ:RPAY) Trading 0.8% Higher – Should You Buy?

Repay Holdings Corporation (NASDAQ:RPAY) rose 0.8% during mid-day trading on Thursday . The stock traded as high as $3.68 and last traded at $3.60. Approximately 1,289,541 shares were traded during trading, an increase of 80% from the average daily volume of 718,089 shares. The stock had previously closed at $3.57.

Wall Street Analysts Forecast Growth

RPAY has been the topic of several analyst reports. UBS Group reduced their price objective on Repay from $5.75 to $4.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. DA Davidson restated a “buy” rating and set a $10.00 price target on shares of Repay in a report on Tuesday, November 11th. Morgan Stanley dropped their price objective on shares of Repay from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 12th. Benchmark reiterated a “buy” rating on shares of Repay in a research report on Friday, November 14th. Finally, Wall Street Zen lowered shares of Repay from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Repay currently has a consensus rating of “Hold” and an average target price of $6.92.

Repay Price Performance

The stock’s 50 day moving average price is $3.54 and its 200-day moving average price is $4.59. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $323.38 million, a PE ratio of -2.58 and a beta of 1.64.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $77.73 million during the quarter, compared to analyst estimates of $76.92 million. Repay had a negative net margin of 39.08% and a positive return on equity of 9.04%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the business posted $0.23 EPS. As a group, equities analysts forecast that Repay Holdings Corporation will post 0.72 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Spire Wealth Management raised its position in Repay by 44.2% during the 2nd quarter. Spire Wealth Management now owns 10,970 shares of the company’s stock valued at $53,000 after purchasing an additional 3,360 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Repay by 0.3% during the second quarter. Franklin Resources Inc. now owns 1,350,275 shares of the company’s stock valued at $6,508,000 after buying an additional 4,487 shares during the period. Quarry LP bought a new stake in shares of Repay in the third quarter valued at about $26,000. Inspire Investing LLC lifted its stake in Repay by 8.3% in the third quarter. Inspire Investing LLC now owns 87,195 shares of the company’s stock worth $456,000 after acquiring an additional 6,664 shares during the period. Finally, Merit Financial Group LLC lifted its stake in Repay by 56.2% in the third quarter. Merit Financial Group LLC now owns 19,551 shares of the company’s stock worth $102,000 after acquiring an additional 7,036 shares during the period. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

Repay Company 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.