Repay (NASDAQ:RPAY) Shares Gap Up – Time to Buy?

Repay Holdings Co. (NASDAQ:RPAY) gapped up before the market opened on Wednesday . The stock had previously closed at $8.79, but opened at $9.22. Repay shares last traded at $9.20, with a volume of 128,789 shares.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RPAY. Benchmark reaffirmed a “buy” rating and set a $13.00 price objective on shares of Repay in a report on Tuesday, August 13th. Barclays decreased their price objective on shares of Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Monday, August 12th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $13.00 price target on shares of Repay in a report on Wednesday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.29.

Repay Trading Down 7.8 %

The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.52. The business’s fifty day simple moving average is $8.08 and its two-hundred day simple moving average is $9.12. The stock has a market capitalization of $781.01 million, a P/E ratio of -9.18 and a beta of 1.44.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. Repay had a negative net margin of 25.53% and a positive return on equity of 8.58%. The company had revenue of $79.15 million during the quarter, compared to analysts’ expectations of $78.97 million. During the same quarter in the prior year, the company posted $0.16 EPS. The business’s revenue was up 6.5% on a year-over-year basis. As a group, analysts forecast that Repay Holdings Co. will post 0.74 earnings per share for the current year.

Insider Buying and Selling

In other Repay news, EVP Jacob Hamilton Moore sold 210,632 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $8.31, for a total value of $1,750,351.92. Following the completion of the sale, the executive vice president now owns 240,130 shares in the company, valued at approximately $1,995,480.30. This trade represents a 46.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold 269,524 shares of company stock worth $2,222,784 in the last quarter. 11.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of RPAY. Blue Trust Inc. boosted its stake in shares of Repay by 340.0% in the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock valued at $29,000 after purchasing an additional 2,771 shares during the last quarter. nVerses Capital LLC bought a new position in Repay during the 3rd quarter worth approximately $59,000. Entropy Technologies LP bought a new position in Repay during the 3rd quarter worth approximately $109,000. Creative Planning bought a new position in Repay during the 3rd quarter worth approximately $115,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in Repay during the 3rd quarter worth approximately $126,000. Institutional investors own 82.73% of the company’s stock.

Repay Company Profile

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.