Repay Holdings Co. (NASDAQ:RPAY) Short Interest Up 21.6% in April

Repay Holdings Co. (NASDAQ:RPAY - Get Free Report) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 1,350,000 shares, an increase of 21.6% from the March 31st total of 1,110,000 shares. Based on an average daily trading volume, of 657,200 shares, the days-to-cover ratio is presently 2.1 days.

Repay Trading Up 1.6 %

RPAY traded up $0.16 during midday trading on Friday, reaching $10.17. 688,233 shares of the company were exchanged, compared to its average volume of 425,712. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.95 and a current ratio of 2.95. Repay has a one year low of $5.61 and a one year high of $11.22. The stock has a market capitalization of $1.04 billion, a P/E ratio of -8.34 and a beta of 1.34. The stock's 50-day simple moving average is $9.90 and its 200 day simple moving average is $8.32.

Repay (NASDAQ:RPAY - Get Free Report) last issued its earnings results on Thursday, February 29th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.03. Repay had a positive return on equity of 7.49% and a negative net margin of 37.25%. The firm had revenue of $75.99 million for the quarter, compared to analysts' expectations of $69.94 million. As a group, analysts forecast that Repay will post 0.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on RPAY shares. Canaccord Genuity Group restated a "buy" rating and issued a $13.00 target price on shares of Repay in a research note on Friday, March 1st. Truist Financial reiterated a "buy" rating and issued a $13.00 price target (up previously from $10.00) on shares of Repay in a report on Monday, March 4th. Benchmark began coverage on Repay in a report on Tuesday, February 13th. They issued a "buy" rating and a $10.00 price target on the stock. Barclays raised their price target on Repay from $9.00 to $10.00 and gave the company an "overweight" rating in a report on Tuesday, January 16th. Finally, DA Davidson reiterated a "buy" rating and issued a $16.00 price target on shares of Repay in a report on Monday, March 4th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Repay presently has a consensus rating of "Hold" and a consensus target price of $10.25.

Insider Activity

In other news, CFO Timothy John Murphy sold 4,925 shares of the firm's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $10.00, for a total value of $49,250.00. Following the completion of the sale, the chief financial officer now directly owns 652,011 shares in the company, valued at $6,520,110. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders sold 116,019 shares of company stock worth $1,220,382. 19.23% of the stock is owned by corporate insiders.

Institutional Trading of Repay

Large investors have recently bought and sold shares of the business. Hsbc Holdings PLC increased its position in shares of Repay by 19.7% during the third quarter. Hsbc Holdings PLC now owns 22,312 shares of the company's stock worth $171,000 after acquiring an additional 3,669 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of Repay during the third quarter worth $8,492,000. Swiss National Bank increased its position in shares of Repay by 3.6% during the third quarter. Swiss National Bank now owns 173,283 shares of the company's stock worth $1,315,000 after acquiring an additional 6,000 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Repay by 1.3% during the third quarter. Vanguard Group Inc. now owns 4,245,695 shares of the company's stock worth $32,225,000 after acquiring an additional 53,746 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its position in shares of Repay by 18.5% during the fourth quarter. Bleakley Financial Group LLC now owns 18,734 shares of the company's stock worth $160,000 after acquiring an additional 2,925 shares in the last quarter. 82.73% of the stock is owned by 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.