Balyasny Asset Management L.P. Has $573,000 Holdings in Repay Holdings Co. (NASDAQ:RPAY)

Balyasny Asset Management L.P. boosted its stake in shares of Repay Holdings Co. (NASDAQ:RPAY) by 41.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,097 shares of the company’s stock after buying an additional 21,844 shares during the period. Balyasny Asset Management L.P. owned about 0.08% of Repay worth $573,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP purchased a new position in Repay during the 4th quarter valued at about $27,000. R Squared Ltd purchased a new position in Repay during the 4th quarter valued at about $36,000. Blue Trust Inc. grew its stake in Repay by 57.9% during the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock valued at $46,000 after acquiring an additional 2,077 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in Repay during the 4th quarter valued at about $47,000. Finally, Olympiad Research LP purchased a new position in Repay during the 4th quarter valued at about $80,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on RPAY shares. BMO Capital Markets lowered their target price on Repay from $7.00 to $5.00 and set a “market perform” rating on the stock in a research note on Tuesday. 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 research note on Tuesday, March 4th. DA Davidson reissued a “buy” rating and issued a $14.00 price target on shares of Repay in a research note on Thursday, February 27th. Keefe, Bruyette & Woods lowered their price target on Repay from $6.50 to $4.50 and set a “market perform” rating for the company in a research note on Tuesday. Finally, Stephens reissued an “overweight” rating and issued a $11.00 price target on shares of Repay in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.75.

Repay Stock Down 8.4%

RPAY opened at $3.84 on Friday. The business has a 50 day moving average price of $4.83 and a 200 day moving average price of $6.69. Repay Holdings Co. has a twelve month low of $3.59 and a twelve month high of $11.27. 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 cap of $374.35 million, a P/E ratio of -4.41 and a beta of 1.61.

Repay (NASDAQ:RPAY) last posted its earnings results on Monday, May 12th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The company had revenue of $77.33 million during the quarter, compared to analyst estimates of $76.06 million. During the same quarter last year, the firm posted $0.23 earnings per share. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. Research analysts forecast that Repay Holdings Co. will post 0.72 EPS for the current year.

Repay declared that its Board of Directors has approved a share repurchase program on Monday, May 12th that allows the company to buyback $75.00 million in shares. This buyback authorization allows the company to repurchase up to 19% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Repay Profile

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.