Repay Holdings Co. (NASDAQ:RPAY) Sees Large Decline in Short Interest

Repay Holdings Co. (NASDAQ:RPAYGet Free Report) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 1,110,000 shares, a drop of 33.5% from the March 15th total of 1,670,000 shares. Based on an average trading volume of 673,900 shares, the short-interest ratio is currently 1.6 days. Currently, 1.4% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. DA Davidson restated a “buy” rating and issued a $16.00 target price on shares of Repay in a research report on Monday, March 4th. Benchmark assumed coverage on shares of Repay in a research report on Tuesday, February 13th. They issued a “buy” rating and a $10.00 target price on the stock. Keefe, Bruyette & Woods raised their target price on shares of Repay from $8.50 to $9.50 and gave the company a “market perform” rating in a research report on Monday, March 4th. Canaccord Genuity Group restated a “buy” rating and issued a $13.00 target price on shares of Repay in a research report on Friday, March 1st. Finally, Truist Financial restated a “buy” rating and issued a $13.00 target price (up previously from $10.00) on shares of Repay in a research report on Monday, March 4th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Repay has an average rating of “Hold” and an average target price of $10.25.

Check Out Our Latest Stock Analysis on Repay

Repay Trading Up 1.0 %

NASDAQ RPAY traded up $0.10 during mid-day trading on Friday, reaching $9.98. 307,921 shares of the stock were exchanged, compared to its average volume of 554,110. Repay has a one year low of $5.61 and a one year high of $11.22. The stock has a 50 day simple moving average of $9.59 and a 200-day simple moving average of $8.11. The stock has a market cap of $1.02 billion, a P/E ratio of -8.18 and a beta of 1.34. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.95 and a quick ratio of 2.95.

Repay (NASDAQ:RPAYGet Free Report) last announced its earnings results on Thursday, February 29th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Repay had a negative net margin of 37.25% and a positive return on equity of 7.49%. The business had revenue of $75.99 million during the quarter, compared to the consensus estimate of $69.94 million. On average, analysts anticipate that Repay will post 0.73 EPS for the current year.

Insider Buying and Selling

In related news, CFO Timothy John Murphy sold 5,624 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $10.03, for a total transaction of $56,408.72. Following the sale, the chief financial officer now owns 646,387 shares in the company, valued at approximately $6,483,261.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have sold 116,019 shares of company stock worth $1,220,382. Corporate insiders own 19.23% of the company’s stock.

Hedge Funds Weigh In On Repay

A number of hedge funds have recently bought and sold shares of RPAY. Vanguard Group Inc. increased its stake in Repay by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 4,364,336 shares of the company’s stock valued at $37,271,000 after purchasing an additional 118,641 shares in the last quarter. Fisher Asset Management LLC increased its stake in Repay by 4.1% in the fourth quarter. Fisher Asset Management LLC now owns 52,819 shares of the company’s stock valued at $451,000 after purchasing an additional 2,057 shares in the last quarter. Barclays PLC increased its stake in Repay by 297.3% in the fourth quarter. Barclays PLC now owns 147,287 shares of the company’s stock valued at $1,258,000 after purchasing an additional 110,216 shares in the last quarter. Vident Advisory LLC bought a new stake in Repay in the fourth quarter valued at $739,000. Finally, Nuveen Asset Management LLC increased its stake in Repay by 6.0% in the fourth quarter. Nuveen Asset Management LLC now owns 1,014,673 shares of the company’s stock valued at $8,665,000 after purchasing an additional 57,348 shares in the last quarter. Institutional investors own 82.73% of the company’s stock.

Repay Company Profile

(Get Free Report)

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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