Repay (NASDAQ:RPAY) Shares Down 4.7% - Time to Sell?

Key Points

• Repay Holdings Corporation (NASDAQ:RPAY) shares fell 4.7% during mid-day trading, with a last trading price of $5.62, significantly lower than the previous close of $5.89.
• Analyst ratings for Repay have seen fluctuations, with Wall Street Zen upgrading the stock to a "buy" rating, while others have reduced price targets, resulting in a consensus target price of $7.22.
• The company's recent quarterly earnings report showed revenue of $75.63 million, which was above analyst expectations, but the firm reported a negative net margin of 35.79% and a year-over-year decrease in earnings per share.

Repay Holdings Corporation (NASDAQ:RPAY - Get Free Report) shares were down 4.7% during mid-day trading on Monday . The company traded as low as $5.53 and last traded at $5.62. Approximately 386,825 shares traded hands during trading, a decline of 67% from the average daily volume of 1,175,663 shares. The stock had previously closed at $5.89.

Analyst Ratings Changes

A number of analysts have recently issued reports on RPAY shares. Wall Street Zen raised shares of Repay from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Keefe, Bruyette & Woods upped their price objective on shares of Repay from $5.00 to $5.75 and gave the stock a "market perform" rating in a research note on Tuesday, August 12th. DA Davidson lowered their price objective on shares of Repay from $12.00 to $10.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. Citigroup lowered their price objective on shares of Repay from $8.00 to $4.50 and set a "neutral" rating for the company in a research note on Monday, May 19th. Finally, Morgan Stanley upped their price objective on shares of Repay from $4.50 to $5.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 12th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $7.22.

Repay Trading Down 3.9%

The firm has a market capitalization of $516.98 million, a PE ratio of -4.49 and a beta of 1.62. The company's 50-day simple moving average is $5.36 and its 200 day simple moving average is $5.07. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.44.

Repay (NASDAQ:RPAY - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The business had revenue of $75.63 million during the quarter, compared to analyst estimates of $74.24 million. Repay had a negative net margin of 35.79% and a positive return on equity of 8.89%. The company's quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 earnings per share. As a group, sell-side analysts expect that Repay Holdings Corporation will post 0.72 EPS for the current year.

Institutional Trading of Repay

Several hedge funds have recently modified their holdings of RPAY. Spire Wealth Management lifted its position in shares of Repay by 52.5% during the first quarter. Spire Wealth Management now owns 7,610 shares of the company's stock valued at $42,000 after buying an additional 2,620 shares during the last quarter. Focus Partners Advisor Solutions LLC acquired a new position in shares of Repay during the second quarter valued at about $49,000. EverSource Wealth Advisors LLC increased its holdings in shares of Repay by 224.4% during the second quarter. EverSource Wealth Advisors LLC now owns 10,433 shares of the company's stock valued at $50,000 after acquiring an additional 7,217 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Repay during the second quarter valued at about $56,000. Finally, Pallas Capital Advisors LLC acquired a new position in shares of Repay during the second quarter valued at about $57,000. 82.73% of the stock is owned by hedge funds and other institutional investors.

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.

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