Repay Holdings Corporation $RPAY Stock Holdings Raised by Whetstone Capital Advisors LLC

Whetstone Capital Advisors LLC lifted its stake in shares of Repay Holdings Corporation (NASDAQ:RPAY) by 1,832.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,728,627 shares of the company’s stock after buying an additional 2,587,400 shares during the quarter. Repay accounts for approximately 3.1% of Whetstone Capital Advisors LLC’s holdings, making the stock its 8th largest holding. Whetstone Capital Advisors LLC’s holdings in Repay were worth $9,959,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of RPAY. Portolan Capital Management LLC purchased a new stake in shares of Repay during the 3rd quarter valued at about $11,417,000. Kent Lake PR LLC purchased a new stake in Repay during the 2nd quarter worth approximately $7,230,000. AQR Capital Management LLC increased its holdings in Repay by 2,421.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,444,545 shares of the company’s stock worth $6,963,000 after purchasing an additional 1,387,260 shares during the last quarter. Private Management Group Inc. increased its holdings in Repay by 30.5% during the 4th quarter. Private Management Group Inc. now owns 5,412,492 shares of the company’s stock worth $19,756,000 after purchasing an additional 1,263,399 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in Repay by 773.6% during the 2nd quarter. Jane Street Group LLC now owns 838,492 shares of the company’s stock worth $4,042,000 after purchasing an additional 742,513 shares during the last quarter. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

Repay Price Performance

RPAY stock opened at $3.37 on Monday. Repay Holdings Corporation has a 52-week low of $2.30 and a 52-week high of $6.05. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $320.02 million, a PE ratio of -1.10 and a beta of 1.86. The stock’s 50 day moving average is $3.46 and its two-hundred day moving average is $3.36.

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

Analyst Upgrades and Downgrades

RPAY has been the topic of several analyst reports. Benchmark dropped their price objective on Repay from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. UBS Group lifted their price objective on Repay from $3.75 to $4.25 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Stephens downgraded Repay from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $7.00 to $3.75 in a report on Tuesday, May 5th. DA Davidson restated a “buy” rating and set a $6.00 price objective on shares of Repay in a report on Wednesday, June 3rd. Finally, Canaccord Genuity Group dropped their price objective on Repay from $12.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, March 16th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.32.

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.