Short Interest in Repay Holdings Co. (NASDAQ:RPAY) Grows By 21.6%

Repay Holdings Co. (NASDAQ:RPAY) was the recipient of a significant increase in short interest in the month of 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 trading volume of 657,200 shares, the short-interest ratio is presently 2.1 days.

Insider Transactions at Repay

In related news, CFO Timothy John Murphy sold 5,624 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $10.03, for a total value of $56,408.72. Following the transaction, the chief financial officer now directly owns 646,387 shares of the company’s stock, valued at approximately $6,483,261.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 116,019 shares of company stock valued at $1,220,382 over the last 90 days. Company insiders own 19.23% of the company’s stock.

Institutional Trading of Repay

A number of hedge funds have recently added to or reduced their stakes in RPAY. Fisher Asset Management LLC raised its holdings in shares of Repay by 4.1% in the 4th quarter. Fisher Asset Management LLC now owns 52,819 shares of the company’s stock valued at $451,000 after purchasing an additional 2,057 shares in the last quarter. Simplicity Solutions LLC raised its stake in Repay by 17.4% in the fourth quarter. Simplicity Solutions LLC now owns 18,553 shares of the company’s stock worth $158,000 after buying an additional 2,744 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in 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 buying an additional 2,925 shares during the period. Hsbc Holdings PLC boosted its position in Repay by 19.7% during the 3rd quarter. Hsbc Holdings PLC now owns 22,312 shares of the company’s stock valued at $171,000 after acquiring an additional 3,669 shares in the last quarter. Finally, Spire Wealth Management purchased a new position in shares of Repay in the 4th quarter valued at $34,000. 82.73% of the stock is owned by hedge funds and other institutional investors.

Repay Trading Up 0.9 %

Shares of NASDAQ:RPAY traded up $0.09 during trading on Tuesday, reaching $10.17. 620,931 shares of the company were exchanged, compared to its average volume of 626,769. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.95 and a quick ratio of 2.95. The firm has a market capitalization of $1.04 billion, a PE ratio of -8.34 and a beta of 1.34. The business’s fifty day simple moving average is $9.99 and its 200-day simple moving average is $8.37. Repay has a 12-month low of $5.61 and a 12-month high of $11.22.

Repay (NASDAQ:RPAY) last issued its earnings results on Thursday, February 29th. The company reported $0.21 earnings per share for the quarter, beating 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 business had revenue of $75.99 million during the quarter, compared to analyst estimates of $69.94 million. On average, research analysts anticipate that Repay will post 0.73 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on RPAY shares. Barclays increased their price objective on shares of Repay from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. DA Davidson reissued a “buy” rating and set a $16.00 price objective on shares of Repay in a research note on Tuesday. Canaccord Genuity Group restated a “buy” rating and set a $13.00 price objective on shares of Repay in a research report on Friday, March 1st. Keefe, Bruyette & Woods lifted their target price on Repay from $8.50 to $9.50 and gave the stock a “market perform” rating in a report on Monday, March 4th. Finally, Truist Financial reaffirmed a “buy” rating and set a $13.00 price objective (up from $10.00) on shares of Repay in a research note on Monday, March 4th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Repay has a consensus rating of “Hold” and a consensus target price of $10.25.

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.