Repay Holdings Co. (NASDAQ:RPAY) CEO Purchases $684,772.20 in Stock

Repay Holdings Co. (NASDAQ:RPAY) CEO John Andrew Sr. Morris acquired 163,041 shares of Repay stock in a transaction that occurred on Wednesday, May 14th. The stock was acquired at an average cost of $4.20 per share, with a total value of $684,772.20. Following the completion of the purchase, the chief executive officer now owns 253,041 shares in the company, valued at approximately $1,062,772.20. This represents a 181.16% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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 shares were acquired at an average cost of $3.89 per share, for a total transaction of $337,500.29.

Repay Stock Up 6.8%

Repay stock opened at $4.10 on Friday. 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 1-year low of $3.59 and a 1-year high of $11.27. The firm’s fifty day simple moving average is $4.80 and its 200-day simple moving average is $6.65. The company has a market capitalization of $399.70 million, a P/E ratio of -4.71 and a beta of 1.61.

Repay (NASDAQ:RPAY) last announced 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 company had revenue of $77.33 million during the quarter, compared to analyst estimates of $76.06 million. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. Repay’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS. Sell-side analysts forecast that Repay Holdings Co. will post 0.72 earnings per share for the current fiscal year.

Repay announced that its Board of Directors has initiated a share repurchase program 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 shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently commented on RPAY shares. BMO Capital Markets decreased their price target on shares of Repay from $7.00 to $5.00 and set a “market perform” rating for the company in a report on Tuesday, May 13th. Keefe, Bruyette & Woods decreased their target price 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. UBS Group lowered their price target 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. Barclays cut their price objective on Repay from $9.00 to $6.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Finally, Stephens restated an “overweight” rating and issued a $11.00 target price on shares of Repay in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $8.75.

Institutional Investors Weigh In On Repay

Large investors have recently added to or reduced their stakes in the stock. Barclays PLC lifted its stake in shares of Repay by 2,382.5% in the third quarter. Barclays PLC now owns 1,486,977 shares of the company’s stock worth $12,134,000 after buying an additional 1,427,078 shares during the last quarter. Nuveen LLC bought a new position in Repay in the 1st quarter worth $5,764,000. Millennium Management LLC lifted its position in Repay by 120.6% during the 4th quarter. Millennium Management LLC now owns 1,737,811 shares of the company’s stock worth $13,259,000 after acquiring an additional 950,185 shares during the last quarter. Private Management Group Inc. boosted its holdings in Repay by 52.6% during the first quarter. Private Management Group Inc. now owns 2,654,679 shares of the company’s stock valued at $14,787,000 after acquiring an additional 914,529 shares during the period. Finally, Royce & Associates LP grew its position in shares of Repay by 60.6% in the fourth quarter. Royce & Associates LP now owns 1,812,074 shares of the company’s stock valued at $13,826,000 after purchasing an additional 683,548 shares during the last quarter. Institutional investors own 82.73% of the company’s stock.

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.