Repay Holdings Co. (NASDAQ:RPAY) Director Robert Herman Hartheimer Sells 5,000 Shares

Repay Holdings Co. (NASDAQ:RPAY) Director Robert Herman Hartheimer sold 5,000 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $7.96, for a total value of $39,800.00. Following the transaction, the director now directly owns 70,205 shares of the company’s stock, valued at $558,831.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Robert Herman Hartheimer also recently made the following trade(s):

• On Friday, September 1st, Robert Herman Hartheimer sold 5,000 shares of Repay stock. The shares were sold at an average price of $9.40, for a total value of $47,000.00.

Repay Stock Down 0.8 %

NASDAQ RPAY opened at $7.57 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.20 and a quick ratio of 3.20. Repay Holdings Co. has a 52-week low of $4.36 and a 52-week high of $10.43. The firm has a 50-day moving average price of $8.55 and a 200 day moving average price of $7.40.

Repay (NASDAQ:RPAY) last issued its earnings results on Wednesday, August 9th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Repay had a positive return on equity of 7.12% and a negative net margin of 10.97%. The business had revenue of $71.78 million for the quarter, compared to analysts’ expectations of $68.00 million. On average, equities research analysts predict that Repay Holdings Co. will post 0.67 earnings per share for the current fiscal year.

Institutional Trading of Repay

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Portolan Capital Management LLC boosted its position in Repay by 620.4% during the fourth quarter. Portolan Capital Management LLC now owns 2,464,237 shares of the company’s stock worth $19,837,000 after purchasing an additional 2,122,156 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Repay by 2,124.4% in the second quarter. Goldman Sachs Group Inc. now owns 1,733,550 shares of the company’s stock valued at $22,276,000 after acquiring an additional 1,655,615 shares in the last quarter. Sunriver Management LLC acquired a new position in Repay in the 4th quarter valued at about $12,806,000. JPMorgan Chase & Co. lifted its stake in shares of Repay by 79.7% during the second quarter. JPMorgan Chase & Co. now owns 3,101,988 shares of the company’s stock valued at $24,289,000 after buying an additional 1,375,688 shares during the period. Finally, Engle Capital Management L.P. purchased a new position in shares of Repay during the 4th quarter worth $9,137,000. Institutional investors and hedge funds own 75.38% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on RPAY shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $15.00 target price on shares of Repay in a report on Friday, August 18th. William Blair reaffirmed an “outperform” rating on shares of Repay in a research report on Thursday, August 10th. Credit Suisse Group increased their target price on Repay from $8.50 to $9.00 and gave the company a “neutral” rating in a report on Thursday, August 10th. Truist Financial lifted their price target on Repay from $10.00 to $12.00 in a report on Friday, June 16th. Finally, Citigroup increased their price objective on Repay from $7.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, August 11th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.50.

Repay Company Profile

Repay Holdings Corporation, payments technology company, provides integrated payment processing solutions to industry-oriented markets. It operates in two segments, Consumer Payments and Business Payments. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods.