John Andrew Sr. Morris Purchases 163,041 Shares of Repay Holdings Co. (NASDAQ:RPAY) Stock

Repay Holdings Co. (NASDAQ:RPAY) CEO John Andrew Sr. Morris purchased 163,041 shares of the business’s stock in a transaction dated Wednesday, May 14th. The shares were acquired at an average cost of $4.20 per share, for a total transaction of $684,772.20. Following the acquisition, the chief executive officer now owns 253,041 shares of the company’s stock, valued at approximately $1,062,772.20. The trade was a 181.16% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

John Andrew Sr. Morris also recently made the following trade(s):

• On Thursday, May 15th, John Andrew Sr. Morris bought 86,761 shares of Repay stock. The stock was acquired at an average price of $3.89 per share, for a total transaction of $337,500.29.

Repay Price Performance

NASDAQ:RPAY opened at $4.10 on Friday. Repay Holdings Co. has a 52-week low of $3.59 and a 52-week high of $11.27. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. The firm has a market cap of $399.70 million, a P/E ratio of -4.71 and a beta of 1.61. The business’s 50-day moving average price is $4.80 and its 200 day moving average price is $6.65.

Repay (NASDAQ:RPAY) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The business had revenue of $77.33 million during the quarter, compared to analyst estimates of $76.06 million. During the same period in the prior year, the firm earned $0.23 EPS. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. As a group, sell-side analysts predict that Repay Holdings Co. will post 0.72 earnings per share for the current fiscal year.

Repay announced that its Board of Directors has approved a share repurchase plan on Monday, May 12th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the company to reacquire up to 19% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RPAY. UBS Group decreased their price target on Repay from $7.50 to $4.50 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Stephens reaffirmed an “overweight” rating and issued a $11.00 price objective on shares of Repay in a report on Tuesday, March 4th. Barclays lowered their target price on shares of Repay from $9.00 to $6.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Keefe, Bruyette & Woods reduced their price target on shares of Repay from $6.50 to $4.50 and set a “market perform” rating for the company in a research note on Tuesday, May 13th. Finally, Canaccord Genuity Group decreased their price objective on shares of Repay from $13.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Three 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 company has a consensus rating of “Moderate Buy” and an average target price of $8.75.

Institutional Investors Weigh In On Repay

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP acquired a new stake in shares of Repay during the fourth quarter worth $27,000. R Squared Ltd purchased a new position in Repay in the 4th quarter worth about $36,000. Spire Wealth Management raised its holdings in Repay by 52.5% during the 1st quarter. Spire Wealth Management now owns 7,610 shares of the company’s stock worth $42,000 after buying an additional 2,620 shares during the period. Blue Trust Inc. lifted its stake in Repay by 57.9% during the fourth quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock valued at $46,000 after buying an additional 2,077 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in shares of Repay in the fourth quarter worth about $47,000. Institutional investors and hedge funds 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.