Repay (NASDAQ:RPAY) Shares Gap Up – Time to Buy?

Repay Holdings Co. (NASDAQ:RPAY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $8.79, but opened at $9.22. Repay shares last traded at $9.20, with a volume of 128,789 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 target price on shares of Repay in a research report on Wednesday. Benchmark reiterated a “buy” rating and issued a $13.00 price objective on shares of Repay in a research note on Tuesday, August 13th. Finally, Barclays decreased their target price on shares of Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $12.29.

Repay Stock Performance

The firm has a market cap of $878.77 million, a price-to-earnings ratio of -10.75 and a beta of 1.44. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.52. The business’s 50-day simple moving average is $8.07 and its two-hundred day simple moving average is $9.12.

Repay (NASDAQ:RPAY) last announced its earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. The business had revenue of $79.15 million during the quarter, compared to the consensus estimate of $78.97 million. Repay had a positive return on equity of 8.58% and a negative net margin of 25.53%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 EPS. As a group, sell-side analysts expect that Repay Holdings Co. will post 0.74 earnings per share for the current fiscal year.

Insider Transactions at Repay

In related news, EVP Jacob Hamilton Moore sold 51,694 shares of Repay stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $8.00, for a total value of $413,552.00. Following the sale, the executive vice president now directly owns 140,130 shares in the company, valued at approximately $1,121,040. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold 269,524 shares of company stock valued at $2,222,784 over the last 90 days. Corporate insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Repay

A number of large investors have recently modified their holdings of RPAY. ProShare Advisors LLC boosted its position in Repay by 8.5% during the first quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock worth $164,000 after acquiring an additional 1,174 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Repay by 6.6% during the 1st quarter. Bleakley Financial Group LLC now owns 19,966 shares of the company’s stock worth $220,000 after purchasing an additional 1,232 shares during the last quarter. CWM LLC grew its position in shares of Repay by 2.8% in the second quarter. CWM LLC now owns 53,785 shares of the company’s stock valued at $568,000 after purchasing an additional 1,462 shares in the last quarter. Diversified Trust Co increased its holdings in shares of Repay by 15.5% in the second quarter. Diversified Trust Co now owns 17,856 shares of the company’s stock valued at $189,000 after purchasing an additional 2,391 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Repay by 340.0% during the third quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock worth $29,000 after buying an additional 2,771 shares during the last quarter. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Repay Company Profile

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.