Repay Holdings Co. (NASDAQ:RPAY - Get Free Report) shares saw an uptick in trading volume on Wednesday . 4,358,206 shares changed hands during trading, an increase of 440% from the previous session's volume of 806,661 shares.The stock last traded at $5.67 and had previously closed at $5.64.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the stock. DA Davidson reaffirmed a "buy" rating and issued a $14.00 price target on shares of Repay in a report on Thursday, February 27th. Canaccord Genuity Group lowered their price target on Repay from $13.00 to $12.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Barclays dropped their price target on Repay from $11.00 to $9.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. BMO Capital Markets dropped their target price on shares of Repay from $10.00 to $8.00 and set a "market perform" rating on the stock in a report on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Repay from $9.00 to $8.00 and set a "market perform" rating on the stock in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $10.31.
Check Out Our Latest Report on Repay
Repay Price Performance
The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. The firm has a market capitalization of $478.76 million, a P/E ratio of -5.65 and a beta of 1.64. The business has a fifty day moving average of $6.60 and a 200-day moving average of $7.45.
Institutional Investors Weigh In On Repay
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP acquired a new position in Repay during the 4th quarter valued at about $27,000. R Squared Ltd acquired a new position in shares of Repay during the fourth quarter valued at approximately $36,000. Blue Trust Inc. lifted its position in Repay by 57.9% in the fourth quarter. Blue Trust Inc. now owns 5,663 shares of the company's stock worth $46,000 after purchasing an additional 2,077 shares during the period. Johnson Financial Group Inc. bought a new position in Repay during the 4th quarter valued at $47,000. Finally, Olympiad Research LP acquired a new position in Repay during the fourth quarter worth about $80,000. 82.73% of the stock is currently owned by institutional investors.
About Repay
(
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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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