Insider Buying: Repay Holdings Co. (NASDAQ:RPAY) President Acquires 15,378 Shares of Stock

Repay Holdings Co. (NASDAQ:RPAY) President Shaler Alias bought 15,378 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The stock was acquired at an average cost of $3.93 per share, with a total value of $60,435.54. Following the transaction, the president now owns 264,782 shares of the company’s stock, valued at $1,040,593.26. This represents a 6.17% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, May 16th, Shaler Alias acquired 118 shares of Repay stock. The stock was purchased at an average cost of $4.15 per share, with a total value of $489.70.
• On Wednesday, May 14th, Shaler Alias acquired 174,404 shares of Repay stock. The stock was purchased at an average cost of $4.15 per share, with a total value of $723,776.60.

Repay Stock Performance

NASDAQ RPAY opened at $4.10 on Monday. The firm has a 50-day moving average of $4.80 and a 200-day moving average of $6.64. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. The stock has a market cap of $407.70 million, a PE ratio of -4.71 and a beta of 1.61. Repay Holdings Co. has a 52-week low of $3.59 and a 52-week high of $11.27.

Repay (NASDAQ:RPAY) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.22 earnings per share 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 quarter last year, the firm earned $0.23 EPS. Repay’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Repay Holdings Co. will post 0.72 EPS for the current year.

Repay announced that its Board of Directors has authorized a stock repurchase program on Monday, May 12th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to buy up to 19% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Institutional Trading of Repay

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP acquired a new stake in Repay in the 4th quarter worth about $27,000. R Squared Ltd acquired a new stake in Repay in the 4th quarter worth about $36,000. Blue Trust Inc. raised its stake in Repay by 57.9% in the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock worth $46,000 after purchasing an additional 2,077 shares in the last quarter. Johnson Financial Group Inc. bought a new position in Repay in the 4th quarter valued at about $47,000. Finally, Spire Wealth Management increased its holdings in Repay by 52.5% in the 1st quarter. Spire Wealth Management now owns 7,610 shares of the company’s stock valued at $42,000 after buying an additional 2,620 shares during the period. Institutional investors and hedge funds own 82.73% of the company’s stock.

Analysts Set New Price Targets

RPAY has been the subject of a number of analyst reports. Stephens reissued an “overweight” rating and issued a $11.00 price objective on shares of Repay in a research report on Tuesday, March 4th. UBS Group decreased their price objective on shares of Repay from $7.50 to $4.50 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. BMO Capital Markets decreased their price objective on shares of Repay from $7.00 to $5.00 and set a “market perform” rating for the company in a research report on Tuesday, May 13th. DA Davidson reissued a “buy” rating and issued a $14.00 price objective on shares of Repay in a research report on Thursday, February 27th. Finally, Barclays cut their target price on shares of Repay from $9.00 to $6.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.