Repay (NASDAQ:RPAY) Shares Gap Down to $21.49

Repay Holdings Co. (NASDAQ:RPAY) gapped down prior to trading on Monday . The stock had previously closed at $21.49, but opened at $20.71. Repay shares last traded at $20.71, with a volume of 14,545 shares trading hands.

A number of analysts recently issued reports on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell initiated coverage on shares of Repay in a research report on Tuesday, March 30th. They set a “buy” rating and a $29.00 target price on the stock. Wells Fargo & Company raised shares of Repay from an “equal weight” rating to an “overweight” rating and set a $29.00 price target on the stock in a report on Monday, March 8th. Zacks Investment Research lowered shares of Repay from a “buy” rating to a “hold” rating in a report on Wednesday, May 5th. Morgan Stanley upped their target price on shares of Repay from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Monday, March 8th. Finally, Citigroup assumed coverage on shares of Repay in a research report on Wednesday, March 24th. They issued a “buy” rating and a $29.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $27.86.

The stock has a market cap of $1.92 billion, a P/E ratio of -64.00 and a beta of 0.78. The company has a quick ratio of 3.61, a current ratio of 3.61 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average price of $23.18 and a two-hundred day moving average price of $24.14.

Repay (NASDAQ:RPAY) last posted its earnings results on Sunday, May 9th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The company had revenue of $47.52 million for the quarter, compared to the consensus estimate of $44.87 million. Repay had a positive return on equity of 3.75% and a negative net margin of 12.06%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 earnings per share. On average, research analysts forecast that Repay Holdings Co. will post 0.28 earnings per share for the current year.

In other news, Director Robert Herman Hartheimer sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $23.00, for a total transaction of $115,000.00. Following the transaction, the director now owns 49,885 shares of the company’s stock, valued at $1,147,355. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Tyler B. Dempsey sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $23.38, for a total value of $233,800.00. Following the transaction, the general counsel now directly owns 179,971 shares in the company, valued at approximately $4,207,721.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,000 shares of company stock worth $468,800. Company insiders own 16.54% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in RPAY. Wasatch Advisors Inc. grew its stake in Repay by 6.7% in the first quarter. Wasatch Advisors Inc. now owns 5,868,473 shares of the company’s stock worth $137,792,000 after purchasing an additional 370,773 shares in the last quarter. BlackRock Inc. boosted its position in Repay by 15.2% during the 1st quarter. BlackRock Inc. now owns 5,209,150 shares of the company’s stock valued at $122,312,000 after acquiring an additional 686,402 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in Repay by 6.3% during the 1st quarter. TimesSquare Capital Management LLC now owns 2,527,205 shares of the company’s stock valued at $59,339,000 after acquiring an additional 150,445 shares in the last quarter. Victory Capital Management Inc. boosted its position in Repay by 18.9% during the 1st quarter. Victory Capital Management Inc. now owns 2,175,014 shares of the company’s stock valued at $51,069,000 after acquiring an additional 345,764 shares in the last quarter. Finally, Oak Ridge Investments LLC boosted its position in Repay by 720.4% during the 1st quarter. Oak Ridge Investments LLC now owns 1,631,731 shares of the company’s stock valued at $38,313,000 after acquiring an additional 1,432,842 shares in the last quarter. 93.11% of the stock is currently owned by hedge funds and other institutional investors.

About Repay (NASDAQ:RPAY)

Repay Holdings Corporation provides integrated payment processing solutions to industry-oriented markets. Its payment processing solutions enable consumers and businesses to make payments using electronic payment methods. The company offers a range of solutions relating to electronic payment methods, including credit and debit processing, virtual credit card processing, automated clearing house (ACH) processing, enhanced ACH processing, and instant funding.

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