Repay Holdings Co. (NASDAQ:RPAY) Short Interest Update

Repay Holdings Co. (NASDAQ:RPAY) was the target of 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 currently 2.1 days.

Insiders Place Their Bets

In other Repay news, CFO Timothy John Murphy sold 5,624 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $10.03, for a total value of $56,408.72. Following the completion of the sale, the chief financial officer now owns 646,387 shares in the company, valued at $6,483,261.61. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold a total of 116,019 shares of company stock worth $1,220,382 over the last quarter. 19.23% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Repay

Several hedge funds and other institutional investors have recently modified their holdings of the business. Private Management Group Inc. purchased a new position in Repay during the 4th quarter worth $9,919,000. American Century Companies Inc. purchased a new position in Repay during the 3rd quarter worth $8,492,000. G2 Investment Partners Management LLC purchased a new position in Repay during the 4th quarter worth $7,303,000. Dimensional Fund Advisors LP increased its holdings in Repay by 31.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,850,841 shares of the company’s stock worth $24,347,000 after purchasing an additional 678,403 shares during the period. Finally, Sunriver Management LLC increased its holdings in Repay by 15.4% during the 4th quarter. Sunriver Management LLC now owns 4,477,770 shares of the company’s stock worth $38,240,000 after purchasing an additional 597,059 shares during the period. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RPAY has been the subject of a number of recent analyst reports. Barclays upped their price objective on Repay from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. DA Davidson reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Repay in a research note on Monday, March 4th. Keefe, Bruyette & Woods upped their price objective on Repay from $8.50 to $9.50 and gave the stock a “market perform” rating in a research note on Monday, March 4th. Truist Financial reaffirmed a “buy” rating and issued a $13.00 price objective (up previously from $10.00) on shares of Repay in a research note on Monday, March 4th. Finally, Benchmark assumed coverage on Repay in a research note on Tuesday, February 13th. They set a “buy” rating and a $10.00 price target for the company. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $10.25.

Repay Trading Up 1.6 %

Shares of NASDAQ RPAY traded up $0.16 during midday trading on Friday, hitting $10.17. The company’s stock had a trading volume of 688,233 shares, compared to its average volume of 425,712. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average is $9.90 and its two-hundred day moving average is $8.32. Repay has a 12-month low of $5.61 and a 12-month high of $11.22. The firm has a market cap of $1.04 billion, a P/E ratio of -8.34 and a beta of 1.34.

Repay (NASDAQ:RPAY) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $69.94 million. As a group, equities research analysts expect that Repay will post 0.73 EPS for the current year.

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.