Robert Herman Hartheimer Sells 5,000 Shares of Repay Holdings Co. (NASDAQ:RPAY) Stock

Repay Holdings Co. (NASDAQ:RPAY) Director Robert Herman Hartheimer sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $7.96, for a total value of $39,800.00. Following the completion of the transaction, the director now owns 70,205 shares in the company, valued at approximately $558,831.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Robert Herman Hartheimer also recently made the following trade(s):

• On Friday, September 1st, Robert Herman Hartheimer sold 5,000 shares of Repay stock. The shares were sold at an average price of $9.40, for a total value of $47,000.00.

Repay Stock Performance

NASDAQ:RPAY traded down $0.06 during mid-day trading on Monday, hitting $7.57. 421,581 shares of the company’s stock traded hands, compared to its average volume of 702,840. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $8.55 and a two-hundred day moving average of $7.40. The firm has a market capitalization of $761.24 million, a price-to-earnings ratio of -19.92 and a beta of 1.00. Repay Holdings Co. has a 12 month low of $4.36 and a 12 month high of $10.43.

Repay (NASDAQ:RPAY) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). Repay had a negative net margin of 10.97% and a positive return on equity of 7.12%. The business had revenue of $71.78 million during the quarter, compared to the consensus estimate of $68.00 million. On average, equities analysts forecast that Repay Holdings Co. will post 0.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Citigroup raised their price objective on shares of Repay from $7.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, August 11th. Truist Financial raised their price target on shares of Repay from $10.00 to $12.00 in a report on Friday, June 16th. Berenberg Bank initiated coverage on shares of Repay in a report on Monday, September 11th. They issued a “hold” rating and a $9.00 price objective for the company. Credit Suisse Group increased their target price on shares of Repay from $8.50 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, August 10th. Finally, Morgan Stanley boosted their price target on Repay from $8.00 to $8.50 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.50.

Institutional Trading of Repay

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. 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 during the period. Goldman Sachs Group Inc. lifted its position in shares of Repay by 0.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 370,424 shares of the company’s stock worth $2,900,000 after acquiring an additional 1,653 shares during the period. Royal Bank of Canada grew its holdings in shares of Repay by 6.0% during the 3rd quarter. Royal Bank of Canada now owns 31,403 shares of the company’s stock worth $221,000 after purchasing an additional 1,787 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Repay by 13.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,348 shares of the company’s stock valued at $124,000 after purchasing an additional 1,803 shares during the period. Finally, Ensign Peak Advisors Inc raised its stake in shares of Repay by 21.9% in the third quarter. Ensign Peak Advisors Inc now owns 12,910 shares of the company’s stock valued at $91,000 after purchasing an additional 2,320 shares in the last quarter. 75.38% of the stock is currently owned by institutional investors and hedge funds.

Repay Company Profile

Repay Holdings Corporation, payments technology company, provides integrated payment processing solutions to industry-oriented markets. It operates in two segments, Consumer Payments and Business Payments. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods.