Repay (NASDAQ:RPAY) Sees Unusually-High Trading Volume – Time to Buy?

Repay Holdings Co. (NASDAQ:RPAY) shares saw unusually-high trading volume on Tuesday . Approximately 425,203 shares changed hands during mid-day trading, a decline of 49% from the previous session’s volume of 827,355 shares.The stock last traded at $8.06 and had previously closed at $8.05.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Barclays reduced their price target on Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, August 12th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 price target on shares of Repay in a research note on Wednesday, November 13th. Finally, Benchmark reissued a “buy” rating and set a $13.00 target price on shares of Repay in a report on Tuesday, August 13th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.83.

Repay Stock Down 1.7 %

The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $772.28 million, a price-to-earnings ratio of -9.20 and a beta of 1.42. The business has a 50-day moving average price of $8.02 and a 200-day moving average price of $8.82.

Repay (NASDAQ:RPAY) last announced its earnings results on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The company had revenue of $79.15 million during the quarter, compared to analysts’ expectations of $78.97 million. During the same period last year, the company posted $0.16 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities analysts anticipate that Repay Holdings Co. will post 0.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Jacob Hamilton Moore sold 51,694 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $8.00, for a total transaction of $413,552.00. Following the transaction, the executive vice president now owns 140,130 shares in the company, valued at approximately $1,121,040. This trade represents a 26.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.00% of the company’s stock.

Institutional Trading of Repay

Several hedge funds have recently added to or reduced their stakes in RPAY. Wellington Management Group LLP acquired a new stake in Repay in the 3rd quarter worth $37,197,000. Dimensional Fund Advisors LP increased its stake in Repay by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,382,033 shares of the company’s stock valued at $35,715,000 after acquiring an additional 45,656 shares during the period. American Century Companies Inc. lifted its stake in Repay by 6.7% during the second quarter. American Century Companies Inc. now owns 2,532,717 shares of the company’s stock worth $26,745,000 after purchasing an additional 158,668 shares during the period. Millennium Management LLC grew its stake in shares of Repay by 182.1% in the 2nd quarter. Millennium Management LLC now owns 2,329,671 shares of the company’s stock valued at $24,601,000 after purchasing an additional 1,503,919 shares during the period. Finally, State Street Corp grew its position in Repay by 1.1% in the third quarter. State Street Corp now owns 2,276,719 shares of the company’s stock valued at $18,578,000 after acquiring an additional 25,057 shares during the period. Institutional investors own 82.73% of the company’s stock.

About Repay

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.