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 traded.

Analyst Upgrades and Downgrades

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

Repay Trading Down 7.8 %

The firm has a market capitalization of $781.01 million, a price-to-earnings ratio of -9.18 and a beta of 1.44. The firm’s 50 day moving average is $8.08 and its 200 day moving average is $9.12. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.52.

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

Insider Activity at Repay

In other Repay news, EVP Jacob Hamilton Moore sold 51,694 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $8.00, for a total value of $413,552.00. Following the transaction, the executive vice president now owns 140,130 shares in the company, valued at approximately $1,121,040. This represents a 26.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 269,524 shares of company stock valued at $2,222,784 over the last ninety days. Insiders own 11.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. ProShare Advisors LLC increased its stake in shares of Repay by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 14,908 shares of the company’s stock worth $164,000 after purchasing 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 buying an additional 1,232 shares during the period. CWM LLC boosted its holdings in shares of Repay by 2.8% during the 2nd quarter. CWM LLC now owns 53,785 shares of the company’s stock worth $568,000 after buying an additional 1,462 shares during the period. Diversified Trust Co boosted its holdings in shares of Repay by 15.5% during the 2nd quarter. Diversified Trust Co now owns 17,856 shares of the company’s stock worth $189,000 after buying an additional 2,391 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Repay by 340.0% during the 3rd 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 period. Institutional investors and hedge funds 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.