Shaler Alias Purchases 174,404 Shares of Repay Holdings Co. (NASDAQ:RPAY) Stock

Repay Holdings Co. (NASDAQ:RPAY) President Shaler Alias bought 174,404 shares of the business’s stock in a transaction on Wednesday, May 14th. The stock was acquired at an average cost of $4.15 per share, for a total transaction of $723,776.60. Following the acquisition, the president now directly owns 249,404 shares of the company’s stock, valued at $1,035,026.60. The trade was a 232.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shaler Alias also recently made the following trade(s):

• On Friday, May 16th, Shaler Alias bought 118 shares of Repay stock. The stock was acquired at an average cost of $4.15 per share, for a total transaction of $489.70.
• On Thursday, May 15th, Shaler Alias bought 15,378 shares of Repay stock. The stock was acquired at an average cost of $3.93 per share, for a total transaction of $60,435.54.

Repay Stock Performance

RPAY opened at $4.10 on Monday. The business’s 50 day moving average is $4.80 and its 200-day moving average is $6.64. The stock has a market cap of $407.70 million, a PE ratio of -4.71 and a beta of 1.61. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.64. Repay Holdings Co. has a twelve month low of $3.59 and a twelve month high of $11.27.

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

Repay announced that its board has authorized a share buyback plan on Monday, May 12th that allows the company to buyback $75.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 19% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RPAY. Barclays PLC increased its stake in shares of Repay by 2,382.5% during the third quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock valued at $12,134,000 after acquiring an additional 1,427,078 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Repay by 29.5% during the third quarter. JPMorgan Chase & Co. now owns 492,166 shares of the company’s stock valued at $4,016,000 after acquiring an additional 112,125 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in shares of Repay by 30.2% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,084 shares of the company’s stock valued at $153,000 after acquiring an additional 4,659 shares during the period. Blue Trust Inc. increased its stake in shares of 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 acquiring an additional 2,077 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Repay during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. UBS Group cut their target price on shares of Repay from $7.50 to $4.50 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Keefe, Bruyette & Woods cut their target price on shares of Repay from $6.50 to $4.50 and set a “market perform” rating on the stock in a report on Tuesday, May 13th. BMO Capital Markets cut their target price on shares of Repay from $7.00 to $5.00 and set a “market perform” rating on the stock in a report on Tuesday, May 13th. Canaccord Genuity Group cut their target price on shares of Repay from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Finally, Barclays cut their target price on shares of Repay from $9.00 to $6.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Repay presently has an average rating of “Moderate Buy” and an average price target of $8.75.

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.