Repay Holdings Co. (NASDAQ:RPAY) EVP Jacob Hamilton Moore Sells 210,632 Shares of Stock

Repay Holdings Co. (NASDAQ:RPAY) EVP Jacob Hamilton Moore sold 210,632 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $8.31, for a total transaction of $1,750,351.92. Following the completion of the sale, the executive vice president now directly owns 240,130 shares in the company, valued at $1,995,480.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Repay Stock Performance

NASDAQ RPAY opened at $8.02 on Friday. Repay Holdings Co. has a 12 month low of $5.63 and a 12 month high of $11.27. 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 company has a 50-day moving average of $9.04 and a 200-day moving average of $9.75.

Repay (NASDAQ:RPAY) last released its earnings results on Thursday, August 8th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. The firm had revenue of $74.91 million during the quarter, compared to the consensus estimate of $76.28 million. Repay had a negative net margin of 29.01% and a positive return on equity of 8.34%. Repay’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 earnings per share. On average, analysts anticipate that Repay Holdings Co. will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on RPAY shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $11.00 price target on shares of Repay in a report on Wednesday, July 3rd. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 target price on shares of Repay in a research note on Friday, May 10th. DA Davidson reissued a “buy” rating and set a $16.00 price target on shares of Repay in a research report on Tuesday, July 9th. Benchmark reissued a “buy” rating and issued a $13.00 price target on shares of Repay in a report on Tuesday, August 13th. Finally, Barclays decreased their price objective on Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Repay currently has a consensus rating of “Moderate Buy” and an average target price of $11.10.

Institutional Trading of Repay

Institutional investors and hedge funds have recently made changes to their positions in the company. Spire Wealth Management acquired a new stake in Repay during the fourth quarter worth about $34,000. Quest Partners LLC purchased a new stake in shares of Repay during the 4th quarter worth about $56,000. Squarepoint Ops LLC acquired a new stake in Repay during the 2nd quarter worth approximately $142,000. ProShare Advisors LLC raised its holdings in Repay by 8.5% in the first quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock valued at $164,000 after buying an additional 1,174 shares during the period. Finally, Diversified Trust Co lifted its position in Repay by 15.5% during the second quarter. Diversified Trust Co now owns 17,856 shares of the company’s stock valued at $189,000 after buying an additional 2,391 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.

About Repay

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.