Repay (NASDAQ:RPAY) Shares Gap Up – Here’s What Happened

Repay Holdings Co. (NASDAQ:RPAY)’s share price gapped up before the market opened 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 Ratings Changes

RPAY has been the topic of several recent analyst reports. Benchmark reiterated a “buy” rating and issued a $13.00 target price on shares of Repay in a report on Tuesday, August 13th. Barclays decreased their price objective on Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 target price on shares of Repay in a research report on Wednesday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.29.

Repay Stock Performance

The stock has a fifty day moving average of $8.07 and a 200-day moving average of $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. The stock has a market capitalization of $878.77 million, a PE ratio of -10.75 and a beta of 1.44.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates 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 revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share. Equities analysts anticipate that Repay Holdings Co. will post 0.74 earnings per share for the current fiscal year.

Insider Transactions at Repay

In other news, EVP Jacob Hamilton Moore sold 210,632 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $8.31, for a total value of $1,750,351.92. Following the transaction, the executive vice president now owns 240,130 shares in the company, valued at approximately $1,995,480.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders sold 269,524 shares of company stock valued at $2,222,784. Insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Repay

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Repay by 0.7% during the first quarter. Vanguard Group Inc. now owns 4,396,890 shares of the company’s stock worth $48,366,000 after purchasing an additional 32,554 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Repay by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,382,033 shares of the company’s stock valued at $35,715,000 after buying an additional 45,656 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Repay by 8.8% in the first quarter. Janus Henderson Group PLC now owns 2,871,790 shares of the company’s stock valued at $31,589,000 after acquiring an additional 233,334 shares during the period. American Century Companies Inc. grew its position in shares of Repay by 6.7% during the second quarter. American Century Companies Inc. now owns 2,532,717 shares of the company’s stock worth $26,745,000 after acquiring an additional 158,668 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Repay by 182.1% in the 2nd quarter. Millennium Management LLC now owns 2,329,671 shares of the company’s stock valued at $24,601,000 after acquiring an additional 1,503,919 shares during the period. 82.73% of the stock is owned by hedge funds and other institutional investors.

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.