Repay Holdings Co. (NASDAQ:RPAY) CFO Timothy John Murphy Buys 26,000 Shares of Stock

Repay Holdings Co. (NASDAQ:RPAYGet Rating) CFO Timothy John Murphy bought 26,000 shares of the stock in a transaction on Friday, November 11th. The shares were acquired at an average cost of $6.87 per share, for a total transaction of $178,620.00. Following the purchase, the chief financial officer now owns 52,000 shares in the company, valued at $357,240. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Repay Stock Up 3.4 %

Shares of RPAY stock opened at $7.52 on Tuesday. Repay Holdings Co. has a 12 month low of $4.36 and a 12 month high of $20.62. The firm has a market cap of $680.97 million, a PE ratio of -751.25 and a beta of 0.79. The stock has a 50 day moving average of $7.06 and a 200-day moving average of $10.37. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.48.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RPAY. Great West Life Assurance Co. Can acquired a new position in shares of Repay during the third quarter worth approximately $31,000. Point72 Hong Kong Ltd lifted its holdings in shares of Repay by 5,518.3% during the third quarter. Point72 Hong Kong Ltd now owns 4,607 shares of the company’s stock worth $33,000 after buying an additional 4,525 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Repay by 131.0% during the third quarter. Tower Research Capital LLC TRC now owns 7,832 shares of the company’s stock worth $55,000 after buying an additional 4,441 shares during the last quarter. Advisor Group Holdings Inc. lifted its holdings in shares of Repay by 42.2% during the first quarter. Advisor Group Holdings Inc. now owns 2,884 shares of the company’s stock worth $62,000 after buying an additional 856 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Repay during the third quarter worth approximately $84,000. 95.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RPAY. Morgan Stanley lowered their price target on Repay from $13.00 to $8.00 and set an “equal weight” rating for the company in a research note on Thursday, November 10th. Citigroup cut Repay from a “buy” rating to a “neutral” rating and lowered their price target for the company from $19.00 to $13.00 in a research note on Wednesday, August 10th. Stephens began coverage on Repay in a research note on Monday. They issued an “overweight” rating and a $9.00 price target for the company. Truist Financial lowered their price target on Repay from $16.00 to $9.50 and set a “buy” rating for the company in a research note on Thursday, October 13th. Finally, Credit Suisse Group lowered their price target on Repay from $11.00 to $8.50 and set a “neutral” rating for the company in a research note on Thursday, November 10th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $10.67.

About Repay

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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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