Insider Buying: Repay Holdings Co. (NASDAQ:RPAY) Director Acquires 4,500 Shares of Stock

Repay Holdings Co. (NASDAQ:RPAY – Get Rating) Director Richard E. Thornburgh bought 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 18th. The shares were acquired at an average cost of $11.31 per share, with a total value of $50,895.00. Following the transaction, the director now owns 48,157 shares in the company, valued at approximately $544,655.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Repay stock opened at $12.73 on Friday. The business’s 50-day simple moving average is $13.79 and its 200 day simple moving average is $16.28. Repay Holdings Co. has a 12-month low of $9.79 and a 12-month high of $25.75. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48.

Repay (NASDAQ:RPAY – Get Rating) last issued its earnings results on Tuesday, May 10th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Repay had a positive return on equity of 6.85% and a negative net margin of 8.63%. The company had revenue of $67.56 million for the quarter, compared to the consensus estimate of $67.36 million. During the same quarter last year, the business posted $0.13 EPS. Repay’s quarterly revenue was up 42.2% on a year-over-year basis. Equities research analysts forecast that Repay Holdings Co. will post 0.7 EPS for the current fiscal year.

Several analysts have issued reports on RPAY shares. Barclays lowered their price objective on shares of Repay from $23.00 to $16.00 and set a “na” rating for the company in a research report on Monday. Citigroup reduced their price objective on Repay from $24.00 to $19.00 in a research note on Thursday, May 12th. BTIG Research reduced their price objective on Repay from $31.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, January 26th. Canaccord Genuity Group cut their target price on Repay from $30.00 to $25.00 in a research note on Thursday, May 12th. Finally, Credit Suisse Group lowered their price target on Repay from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Wednesday, March 2nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $21.25.

Several hedge funds and other institutional investors have recently modified their holdings of RPAY. Teachers Retirement System of The State of Kentucky boosted its stake in Repay by 23.1% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 67,553 shares of the company’s stock valued at $1,234,000 after purchasing an additional 12,658 shares during the period. Taylor Frigon Capital Management LLC raised its holdings in shares of Repay by 0.7% during the 4th quarter. Taylor Frigon Capital Management LLC now owns 194,436 shares of the company’s stock worth $3,552,000 after buying an additional 1,400 shares in the last quarter. AXA S.A. increased its holdings in Repay by 39.6% in the 3rd quarter. AXA S.A. now owns 69,800 shares of the company’s stock worth $1,607,000 after purchasing an additional 19,800 shares in the last quarter. SG Americas Securities LLC acquired a new position in Repay in the 3rd quarter worth about $303,000. Finally, Yarbrough Capital LLC acquired a new stake in shares of Repay in the fourth quarter valued at about $228,000.

Repay Company Profile (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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