Jacob Hamilton Moore Sells 51,694 Shares of Repay Holdings Co. (NASDAQ:RPAY) Stock

Repay Holdings Co. (NASDAQ:RPAY) EVP Jacob Hamilton Moore sold 51,694 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $8.00, for a total value of $413,552.00. Following the transaction, the executive vice president now owns 140,130 shares in the company, valued at approximately $1,121,040. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Jacob Hamilton Moore also recently made the following trade(s):

• On Friday, September 6th, Jacob Hamilton Moore sold 7,198 shares of Repay stock. The stock was sold at an average price of $8.18, for a total value of $58,879.64.
• On Wednesday, September 4th, Jacob Hamilton Moore sold 210,632 shares of Repay stock. The stock was sold at an average price of $8.31, for a total transaction of $1,750,351.92.

Repay Stock Performance

Shares of RPAY opened at $8.06 on Friday. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.52. Repay Holdings Co. has a 12-month low of $5.63 and a 12-month high of $11.27. The business has a 50-day simple moving average of $8.85 and a two-hundred day simple moving average of $9.75.

Repay (NASDAQ:RPAY) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Repay had a positive return on equity of 8.34% and a negative net margin of 29.01%. The company had revenue of $74.91 million during the quarter, compared to the consensus estimate of $76.28 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. As a group, analysts predict that Repay Holdings Co. will post 0.73 EPS for the current year.

Hedge Funds Weigh In On Repay

Several large investors have recently modified their holdings of the business. Sunriver Management LLC increased its holdings in Repay by 15.4% in the fourth quarter. Sunriver Management LLC now owns 4,477,770 shares of the company’s stock valued at $38,240,000 after purchasing an additional 597,059 shares during the period. Vanguard Group Inc. raised its position in shares of Repay by 0.7% during the first quarter. Vanguard Group Inc. now owns 4,396,890 shares of the company’s stock worth $48,366,000 after acquiring an additional 32,554 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Repay by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,382,033 shares of the company’s stock worth $35,715,000 after acquiring an additional 45,656 shares during the period. Ranger Investment Management L.P. boosted its holdings in Repay by 1.4% in the fourth quarter. Ranger Investment Management L.P. now owns 2,959,167 shares of the company’s stock valued at $25,271,000 after acquiring an additional 40,076 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Repay by 8.8% during the 1st quarter. Janus Henderson Group PLC now owns 2,871,790 shares of the company’s stock valued at $31,589,000 after purchasing an additional 233,334 shares during the period. Institutional investors own 82.73% of the company’s stock.

Analysts Set New Price Targets

RPAY has been the subject of several analyst reports. Barclays dropped their target price on shares of Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Monday, August 12th. Benchmark restated a “buy” rating and set a $13.00 target price on shares of Repay in a research note on Tuesday, August 13th. DA Davidson reiterated a “buy” rating and issued a $16.00 price target on shares of Repay in a research note on Tuesday, July 9th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $11.00 price objective on shares of Repay in a research report on Wednesday, July 3rd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.33.

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.