Repay Holdings Corporation (NASDAQ:RPAY) CTO Sells $224,953.29 in Stock

Repay Holdings Corporation (NASDAQ:RPAY) CTO Jason Kirk sold 9,819 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $22.91, for a total value of $224,953.29. Following the completion of the sale, the chief technology officer now directly owns 260,568 shares of the company’s stock, valued at $5,969,612.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of RPAY opened at $22.13 on Friday. Repay Holdings Corporation has a 52-week low of $10.69 and a 52-week high of $27.93. The business’s fifty day moving average is $24.83 and its 200-day moving average is $19.32. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.53.

Repay (NASDAQ:RPAY) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The business had revenue of $39.46 million during the quarter, compared to the consensus estimate of $37.86 million. The company’s revenue for the quarter was up 71.4% on a year-over-year basis. Research analysts forecast that Repay Holdings Corporation will post 0.46 earnings per share for the current year.

A number of analysts have recently issued reports on the company. Cantor Fitzgerald raised their price objective on Repay from $18.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. DA Davidson lifted their price target on Repay from $20.00 to $31.00 in a report on Wednesday, June 17th. Credit Suisse Group lifted their price target on Repay from $17.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, June 12th. BidaskClub cut Repay from a “hold” rating to a “sell” rating in a report on Friday. Finally, Zacks Investment Research cut Repay from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $26.44.

Several institutional investors and hedge funds have recently modified their holdings of RPAY. Great West Life Assurance Co. Can acquired a new stake in shares of Repay during the 4th quarter valued at $33,000. UBS Group AG lifted its holdings in Repay by 32.0% during the 1st quarter. UBS Group AG now owns 2,640 shares of the company’s stock worth $38,000 after buying an additional 640 shares during the period. Citigroup Inc. acquired a new position in Repay during the 4th quarter worth about $64,000. Tower Research Capital LLC TRC lifted its holdings in Repay by 134.4% during the 1st quarter. Tower Research Capital LLC TRC now owns 5,544 shares of the company’s stock worth $65,000 after buying an additional 3,179 shares during the period. Finally, Deutsche Bank AG lifted its stake in shares of Repay by 244.3% in the 1st quarter. Deutsche Bank AG now owns 8,900 shares of the company’s stock valued at $128,000 after purchasing an additional 6,315 shares during the period. Institutional investors own 83.64% of the company’s stock.

About Repay

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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