IQ EQ FUND MANAGEMENT IRELAND Ltd Acquires New Shares in Repay Holdings Co. (NASDAQ:RPAY)

IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in Repay Holdings Co. (NASDAQ:RPAY) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 13,950 shares of the company’s stock, valued at approximately $106,000.

Several other large investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of Repay in the fourth quarter valued at approximately $36,000. Blue Trust Inc. increased its position in Repay by 57.9% in 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 during the period. Olympiad Research LP bought a new position in shares of Repay during the fourth quarter valued at $80,000. Point72 DIFC Ltd acquired a new position in shares of Repay during the third quarter worth $99,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Repay in the fourth quarter worth $111,000. 82.73% of the stock is currently owned by institutional investors.

Repay Stock Performance

Shares of RPAY stock opened at $5.48 on Friday. The firm has a 50 day moving average of $6.80 and a 200-day moving average of $7.55. The company has a market cap of $534.23 million, a price-to-earnings ratio of -6.30 and a beta of 1.54. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. Repay Holdings Co. has a 52 week low of $5.30 and a 52 week high of $11.27.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Keefe, Bruyette & Woods lowered their target price on Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a research report on Monday, January 6th. BMO Capital Markets lowered their price objective on Repay from $10.00 to $8.00 and set a “market perform” rating for the company in a research report on Tuesday, March 4th. Canaccord Genuity Group reduced their target price on Repay from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. DA Davidson restated a “buy” rating and set a $14.00 price target on shares of Repay in a report on Thursday, February 27th. Finally, UBS Group reduced their price objective on shares of Repay from $9.50 to $7.50 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $10.31.

Repay Company 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.