Repay Holdings Co. (NASDAQ:RPAY - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $5.51 and last traded at $5.51, with a volume of 230 shares. The stock had previously closed at $7.86.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on RPAY shares. DA Davidson reissued a "buy" rating and set a $16.00 price objective on shares of Repay in a research report on Tuesday, July 9th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $11.00 price objective on shares of Repay in a research report on Wednesday, July 3rd. Canaccord Genuity Group reissued a "buy" rating and set a $13.00 price objective on shares of Repay in a research report on Wednesday, September 25th. Benchmark reaffirmed a "buy" rating and issued a $13.00 target price on shares of Repay in a research report on Tuesday, August 13th. Finally, Barclays dropped their target price on Repay from $12.00 to $11.00 and set an "overweight" rating for the company in a research report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $11.75.
Check Out Our Latest Report on RPAY
Repay Stock Performance
The firm has a market capitalization of $797.80 million, a price-to-earnings ratio of -7.97 and a beta of 1.44. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average price of $8.40 and a 200 day moving average price of $9.54.
Repay (NASDAQ:RPAY - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.22 EPS for the quarter, hitting analysts' consensus estimates of $0.22. Repay had a positive return on equity of 8.34% and a negative net margin of 29.01%. The business had revenue of $74.91 million during the quarter, compared to the consensus estimate of $76.28 million. During the same period in the previous year, the company posted $0.14 earnings per share. The business's revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts forecast that Repay Holdings Co. will post 0.73 EPS for the current year.
Insider Transactions at Repay
In other news, EVP Jacob Hamilton Moore sold 7,198 shares of the business's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $8.18, for a total transaction of $58,879.64. Following the completion of the transaction, the executive vice president now directly owns 140,130 shares of the company's stock, valued at approximately $1,146,263.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 269,524 shares of company stock valued at $2,222,784. 11.00% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Repay
Several institutional investors have recently added to or reduced their stakes in RPAY. Millennium Management LLC lifted its stake in Repay by 182.1% during the second quarter. Millennium Management LLC now owns 2,329,671 shares of the company's stock worth $24,601,000 after purchasing an additional 1,503,919 shares during the last quarter. G2 Investment Partners Management LLC purchased a new stake in Repay during the fourth quarter worth approximately $7,303,000. Azora Capital LP lifted its stake in Repay by 24.9% during the fourth quarter. Azora Capital LP now owns 2,701,300 shares of the company's stock worth $23,069,000 after purchasing an additional 538,893 shares during the last quarter. Janus Henderson Group PLC lifted its stake in 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 last quarter. Finally, American Century Companies Inc. lifted its stake in Repay by 6.7% in the second quarter. American Century Companies Inc. now owns 2,532,717 shares of the company's stock valued at $26,745,000 after buying an additional 158,668 shares during the last quarter. Hedge funds and other institutional investors own 82.73% of the company's stock.
Repay Company Profile
(
Get Free Report)
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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