Repay (NASDAQ:RPAY) Stock Price Up 2.1% Following Insider Buying Activity

Repay Holdings Co. (NASDAQ:RPAYGet Rating) shares rose 2.1% during trading on Wednesday following insider buying activity. The stock traded as high as $8.34 and last traded at $8.30. Approximately 2,538 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 1,472,354 shares. The stock had previously closed at $8.13.

Specifically, CEO John Andrew Sr. Morris acquired 15,000 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The stock was acquired at an average price of $6.87 per share, with a total value of $103,050.00. Following the purchase, the chief executive officer now directly owns 15,000 shares in the company, valued at $103,050. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Repay news, President Shaler Alias purchased 75,000 shares of the company’s stock in a transaction dated Friday, November 11th. The stock was purchased at an average price of $6.87 per share, with a total value of $515,250.00. Following the completion of the purchase, the president now owns 75,000 shares of the company’s stock, valued at $515,250. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John Andrew Sr. Morris purchased 15,000 shares of the company’s stock in a transaction dated Friday, November 11th. The shares were acquired at an average cost of $6.87 per share, with a total value of $103,050.00. Following the purchase, the chief executive officer now directly owns 15,000 shares of the company’s stock, valued at approximately $103,050. The disclosure for this purchase can be found here. Insiders purchased a total of 181,000 shares of company stock valued at $1,278,570 in the last quarter. Insiders own 11.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Credit Suisse Group dropped their price target on shares of Repay from $11.00 to $8.50 and set a “neutral” rating for the company in a research note on Thursday, November 10th. DA Davidson decreased their price objective on shares of Repay to $15.00 in a research report on Tuesday. BTIG Research decreased their price objective on shares of Repay to $10.00 in a research report on Tuesday. Barclays decreased their price objective on shares of Repay from $13.00 to $8.00 and set an “overweight” rating for the company in a research report on Sunday, November 6th. Finally, Citigroup cut shares of Repay from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $19.00 to $13.00 in a research report on Wednesday, August 10th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Repay has a consensus rating of “Moderate Buy” and a consensus target price of $10.90.

Repay Price Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market capitalization of $739.83 million, a price-to-earnings ratio of -816.18 and a beta of 0.79. The business’s fifty day simple moving average is $7.01 and its 200 day simple moving average is $10.32.

Institutional Investors Weigh In On Repay

Large investors have recently bought and sold shares of the stock. Great West Life Assurance Co. Can acquired a new stake in Repay in the third quarter worth $31,000. Point72 Hong Kong Ltd lifted its stake in shares of Repay by 5,518.3% in the third quarter. Point72 Hong Kong Ltd now owns 4,607 shares of the company’s stock valued at $33,000 after buying an additional 4,525 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Repay by 131.0% in the third quarter. Tower Research Capital LLC TRC now owns 7,832 shares of the company’s stock valued at $55,000 after buying an additional 4,441 shares in the last quarter. Advisor Group Holdings Inc. lifted its stake in shares of Repay by 42.2% in the first quarter. Advisor Group Holdings Inc. now owns 2,884 shares of the company’s stock valued at $62,000 after buying an additional 856 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Repay in the third quarter valued at $84,000. 95.82% of the stock is currently owned by institutional investors and hedge funds.

About Repay

(Get Rating)

Repay Holdings Corporation provides integrated payment processing solutions to industry-oriented markets. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods. It also 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 that are processed through its proprietary payment channels, such as Web-based, mobile application, text-to-pay, interactive voice response, and point of sale.

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