Repay (NASDAQ:RPAY) Trading 6.1% Higher

Repay Holdings Co. (NASDAQ:RPAY – Get Rating)’s share price traded up 6.1% during trading on Friday . The stock traded as high as $8.22 and last traded at $8.20. 135,413 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 852,236 shares. The stock had previously closed at $7.73.

Analysts Set New Price Targets

Several analysts have recently commented on the company. DA Davidson decreased their target price on Repay to $15.00 in a research report on Tuesday, November 15th. BTIG Research decreased their target price on Repay to $10.00 in a research report on Tuesday, November 15th. Stephens reaffirmed an “overweight” rating and issued a $10.00 target price on shares of Repay in a research report on Thursday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $20.00 target price on shares of Repay in a research report on Friday. Finally, Credit Suisse Group decreased their target price on Repay from $11.00 to $8.50 and set a “neutral” rating for the company in a research report on Thursday, November 10th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $11.73.

Repay Trading Up 5.7 %

The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.52. The company has a fifty day moving average of $8.88 and a 200-day moving average of $8.17. The firm has a market capitalization of $740.94 million, a PE ratio of 90.78 and a beta of 1.00.

Hedge Funds Weigh In On Repay

Several institutional investors have recently bought and sold shares of the stock. CI Private Wealth LLC bought a new position in Repay during the fourth quarter valued at about $124,000. Capital Impact Advisors LLC raised its holdings in Repay by 10.3% during the fourth quarter. Capital Impact Advisors LLC now owns 27,967 shares of the company’s stock valued at $225,000 after buying an additional 2,614 shares in the last quarter. Lazard Asset Management LLC bought a new position in Repay during the fourth quarter valued at about $111,000. State of Wisconsin Investment Board raised its holdings in Repay by 10.8% during the fourth quarter. State of Wisconsin Investment Board now owns 110,949 shares of the company’s stock valued at $893,000 after buying an additional 10,821 shares in the last quarter. Finally, Squarepoint Ops LLC raised its holdings in Repay by 98.0% during the fourth quarter. Squarepoint Ops LLC now owns 35,438 shares of the company’s stock valued at $285,000 after buying an additional 17,536 shares in the last quarter. 84.42% of the stock is currently owned by institutional investors.

About Repay

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Repay Holdings Corp. engages in the provision of integrated payment processing solutions to vertical markets that have specific and bespoke transactions. It offers payments, instant funding, active safe, AP automation, clearing and settlement, messaging management, STX mortgage transfer automation, virtual debit cards, and value-added services.