62,029 Shares in Repay Holdings Corporation $RPAY Purchased by Inspire Investing LLC

Key Points

• Inspire Investing LLC purchased 62,029 shares of Repay Holdings Corporation ($RPAY) for approximately $346,000, representing 0.06% ownership at the end of the last quarter.
• Repay's stock has a current market capitalization of $537.99 million and its recent quarterly earnings report matched analysts' estimates with earnings per share of $0.20.
• Analysts have mixed ratings for Repay, with a consensus rating of "Hold" and a target price of $7.22, reflecting recent adjustments from various financial institutions.

Inspire Investing LLC purchased a new position in shares of Repay Holdings Corporation (NASDAQ:RPAY - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 62,029 shares of the company's stock, valued at approximately $346,000. Inspire Investing LLC owned approximately 0.06% of Repay at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sunriver Management LLC raised its stake in Repay by 2.1% during the 1st quarter. Sunriver Management LLC now owns 6,168,501 shares of the company's stock worth $34,359,000 after acquiring an additional 125,133 shares in the last quarter. Wellington Management Group LLP raised its stake in Repay by 4.4% during the 1st quarter. Wellington Management Group LLP now owns 4,917,703 shares of the company's stock worth $27,392,000 after acquiring an additional 207,212 shares in the last quarter. Vanguard Group Inc. raised its stake in Repay by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 4,770,074 shares of the company's stock worth $26,569,000 after acquiring an additional 82,196 shares in the last quarter. American Century Companies Inc. raised its stake in Repay by 6.1% during the 1st quarter. American Century Companies Inc. now owns 4,427,315 shares of the company's stock worth $24,660,000 after acquiring an additional 255,667 shares in the last quarter. Finally, Private Management Group Inc. raised its stake in Repay by 52.6% during the 1st quarter. Private Management Group Inc. now owns 2,654,679 shares of the company's stock worth $14,787,000 after acquiring an additional 914,529 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. UBS Group lifted their price target on shares of Repay from $4.50 to $5.75 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Wall Street Zen upgraded shares of Repay from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Canaccord Genuity Group reissued a "buy" rating and set a $12.00 price objective on shares of Repay in a research report on Friday, August 22nd. DA Davidson lowered their price objective on shares of Repay from $12.00 to $10.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Finally, Morgan Stanley raised their price objective on shares of Repay from $4.50 to $5.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Repay presently has an average rating of "Hold" and a consensus target price of $7.22.

Insider Buying and Selling at Repay

In other news, EVP Jacob Hamilton Moore sold 26,385 shares of Repay stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $5.89, for a total value of $155,407.65. Following the sale, the executive vice president owned 193,532 shares of the company's stock, valued at $1,139,903.48. The trade was a 12.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.00% of the stock is currently owned by insiders.

Repay Stock Performance

Shares of NASDAQ:RPAY traded down $0.30 during midday trading on Friday, hitting $5.45. The stock had a trading volume of 1,299,419 shares, compared to its average volume of 684,617. The company has a market capitalization of $497.80 million, a PE ratio of -4.33 and a beta of 1.62. The stock has a 50 day moving average price of $5.43 and a two-hundred day moving average price of $5.06. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.44. Repay Holdings Corporation has a 1 year low of $3.59 and a 1 year high of $9.75.

Repay (NASDAQ:RPAY - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The business had revenue of $75.63 million for the quarter, compared to the consensus estimate of $74.24 million. Repay had a negative net margin of 35.79% and a positive return on equity of 8.89%. The business's quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 earnings per share. As a group, equities analysts predict that Repay Holdings Corporation will post 0.72 earnings per share for the current fiscal year.

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.