Repay Holdings Corporation (NASDAQ:RPAY) CRO Sells $1,572,244.92 in Stock

Repay Holdings Corporation (NASDAQ:RPAY) CRO Susan Perlmutter sold 70,002 shares of Repay stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $22.46, for a total value of $1,572,244.92. Following the transaction, the executive now directly owns 238,997 shares in the company, valued at $5,367,872.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NASDAQ RPAY opened at $21.97 on Friday. Repay Holdings Corporation has a one year low of $10.69 and a one year high of $27.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.79 and a current ratio of 0.79. The business has a 50-day moving average price of $24.91 and a two-hundred day moving average price of $19.29.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The business had revenue of $39.46 million for the quarter, compared to analyst estimates of $37.86 million. The business’s revenue was up 71.4% on a year-over-year basis. As a group, analysts anticipate that Repay Holdings Corporation will post 0.46 earnings per share for the current year.

A number of research analysts recently issued reports on RPAY shares. Keefe, Bruyette & Woods lifted their target price on Repay from $20.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Canaccord Genuity lifted their target price on Repay from $21.00 to $26.00 and gave the stock a “buy” rating in a report on Monday, June 1st. BidaskClub lowered Repay from a “buy” rating to a “hold” rating in a report on Wednesday, July 8th. ValuEngine raised Repay from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Finally, Northland Securities started coverage on Repay in a research note on Friday, June 26th. They issued a “buy” rating and a $28.00 price target on the stock. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $26.44.

Institutional investors have recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of Repay by 70.6% during the 1st quarter. State Street Corp now owns 59,600 shares of the company’s stock valued at $855,000 after buying an additional 24,670 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Repay during the 1st quarter valued at about $3,552,000. Geode Capital Management LLC lifted its holdings in shares of Repay by 17.2% during the 1st quarter. Geode Capital Management LLC now owns 258,313 shares of the company’s stock valued at $3,705,000 after buying an additional 37,884 shares during the last quarter. Citigroup Inc. acquired a new stake in shares of Repay during the 4th quarter valued at about $64,000. Finally, UBS Group AG lifted its holdings in shares of Repay by 32.0% during the 1st quarter. UBS Group AG now owns 2,640 shares of the company’s stock valued at $38,000 after buying an additional 640 shares during the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Repay Company Profile

Repay Holdings Corporation provides integrated payment processing solutions in the United States. The company offers credit and debit card processing, automated clearing house processing, and funding solutions. It primarily serves clients in consumer finance, automotive, receivables management, and healthcare sectors, as well as financial institutions.

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