Repay Holdings Corporation (NASDAQ:RPAY) CTO Jason Kirk sold 9,819 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $22.91, for a total value of $224,953.29. Following the sale, the chief technology officer now owns 260,568 shares in the company, valued at approximately $5,969,612.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NASDAQ:RPAY opened at $21.97 on Friday. Repay Holdings Corporation has a 12-month low of $10.69 and a 12-month high of $27.93. The business has a 50 day moving average of $24.91 and a two-hundred day moving average of $19.29. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.79 and a quick ratio of 0.79.

Repay (NASDAQ:RPAY) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. The company had revenue of $39.46 million during the quarter, compared to analyst estimates of $37.86 million. Repay’s revenue was up 71.4% compared to the same quarter last year. As a group, equities analysts anticipate that Repay Holdings Corporation will post 0.46 earnings per share for the current year.

RPAY has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their target price on Repay from $20.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Cantor Fitzgerald upped their target price on Repay from $18.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Canaccord Genuity upped their target price on Repay from $21.00 to $26.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Credit Suisse Group upped their target price on Repay from $17.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, June 12th. Finally, ValuEngine upgraded Repay from a “sell” rating to a “hold” rating in a research report on Thursday, April 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $26.44.

Several hedge funds have recently made changes to their positions in RPAY. Great West Life Assurance Co. Can acquired a new position in shares of Repay during the 4th quarter worth approximately $33,000. Citigroup Inc. acquired a new position in shares of Repay during the 4th quarter worth approximately $64,000. Credit Suisse AG raised its stake in shares of Repay by 88.4% during the 4th quarter. Credit Suisse AG now owns 37,682 shares of the company’s stock worth $551,000 after buying an additional 17,682 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Repay by 583.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 114,361 shares of the company’s stock worth $1,675,000 after buying an additional 97,624 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Repay by 144.6% during the 4th quarter. Bank of New York Mellon Corp now owns 29,589 shares of the company’s stock worth $433,000 after buying an additional 17,494 shares during the period. 83.64% of the stock is owned by institutional investors and hedge funds.

About Repay

Repay Holdings Corporation provides integrated payment processing solutions in the United States. The company offers credit and debit card processing, automated clearing house processing, and funding solutions. It primarily serves clients in consumer finance, automotive, receivables management, and healthcare sectors, as well as financial institutions.

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