Repay Holdings Co. (NASDAQ:RPAY) Short Interest Update

Repay Holdings Co. (NASDAQ:RPAY - Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 1,110,000 shares, a decline of 33.5% from the March 15th total of 1,670,000 shares. Based on an average daily volume of 673,900 shares, the short-interest ratio is currently 1.6 days. Currently, 1.4% of the shares of the company are sold short.

Insider Buying and Selling at Repay

In other news, CFO Timothy John Murphy sold 58,275 shares of the company's stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $11.03, for a total value of $642,773.25. Following the completion of the sale, the chief financial officer now directly owns 506,924 shares of the company's stock, valued at approximately $5,591,371.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 116,019 shares of company stock valued at $1,220,382 in the last ninety days. Company insiders own 19.23% of the company's stock.

Hedge Funds Weigh In On Repay

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Repay by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 4,364,336 shares of the company's stock valued at $37,271,000 after acquiring an additional 118,641 shares during the period. Fisher Asset Management LLC boosted its position in shares of Repay by 4.1% in the fourth quarter. Fisher Asset Management LLC now owns 52,819 shares of the company's stock valued at $451,000 after acquiring an additional 2,057 shares during the period. Barclays PLC boosted its position in shares of Repay by 297.3% in the fourth quarter. Barclays PLC now owns 147,287 shares of the company's stock valued at $1,258,000 after acquiring an additional 110,216 shares during the period. Vident Advisory LLC bought a new stake in shares of Repay in the fourth quarter valued at about $739,000. Finally, Nuveen Asset Management LLC boosted its position in shares of Repay by 6.0% in the fourth quarter. Nuveen Asset Management LLC now owns 1,014,673 shares of the company's stock valued at $8,665,000 after acquiring an additional 57,348 shares during the period. 82.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Canaccord Genuity Group restated a "buy" rating and set a $13.00 price target on shares of Repay in a report on Friday, March 1st. Keefe, Bruyette & Woods boosted their target price on shares of Repay from $8.50 to $9.50 and gave the stock a "market perform" rating in a research report on Monday, March 4th. Truist Financial reaffirmed a "buy" rating and set a $13.00 price objective (up from $10.00) on shares of Repay in a report on Monday, March 4th. DA Davidson reaffirmed a "buy" rating and set a $16.00 price objective on shares of Repay in a report on Monday, March 4th. Finally, Benchmark assumed coverage on shares of Repay in a report on Tuesday, February 13th. They issued a "buy" rating and a $10.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $10.25.

Repay Stock Up 1.0 %

RPAY traded up $0.10 during trading on Friday, reaching $9.98. The company had a trading volume of 307,921 shares, compared to its average volume of 655,559. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.95 and a quick ratio of 2.95. Repay has a 12 month low of $5.61 and a 12 month high of $11.22. The company has a market cap of $1.02 billion, a P/E ratio of -8.18 and a beta of 1.34. The business's fifty day moving average price is $9.59 and its 200 day moving average price is $8.10.

Repay (NASDAQ:RPAY - Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.03. Repay had a negative net margin of 37.25% and a positive return on equity of 7.49%. The company had revenue of $75.99 million for the quarter, compared to the consensus estimate of $69.94 million. Equities analysts anticipate that Repay will post 0.73 EPS for the current 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.

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