Refund (NASDAQ: RPAY) saw its price target raised by Morgan Stanley investment analysts from $ 26.00 to $ 27.00 in a report released Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the security. Morgan Stanley’s target price would indicate a potential rise of 21.51% from the company’s previous close.
Several other stock analysts also weighed on the stock. Wells Fargo & Company upgraded Repay’s stock from a ‘peer-to-peer’ rating to an ‘overweight’ rating and set a price target of $ 29.00 on the stock in a research report on Monday, March 8. . Citigroup assumed coverage of the redemption actions in a research note on Wednesday, March 24. They issued a “buy” note and a price target of $ 29.00 for the company. Citigroup Inc. 3% minimum coupon principal protected based on Russell’s coverage of redemption shares in a research report on Tuesday, March 30. They set a “buy” rating and a target price of $ 29.00 on the stock. To finish, Zacks investment research reduce the refund from a âpurchaseâ note to an âpendingâ note in a research report on Wednesday, May 5. Two investment analysts rated the stock with a sustaining rating and ten issued a buy rating for the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $ 28.46.
Actions of NASDAQ RPAY open for $ 22.22 on Fridays. The repayment has a 12 month minimum of $ 18.19 and a 12 month maximum of $ 28.42. The company has a market cap of $ 1.96 billion, a price-to-earnings ratio of -65.35 and a beta of 0.78. The company has a quick ratio of 3.61, a current ratio of 3.61 and a debt ratio of 0.45. The company has a fifty-day simple moving average of $ 23.10 and a 200-day simple moving average of $ 24.12.
Repay (NASDAQ: RPAY) last released its results on Sunday, May 9. The company reported earnings per share (EPS) of $ 0.18 for the quarter, beating the Zacks consensus estimate of $ 0.16 by $ 0.02. Redemption had a positive return on equity of 3.75% and a negative net margin of 12.06%. The company reported sales of $ 47.52 million in the quarter, compared to analysts’ estimates of $ 44.87 million. In the same quarter of the previous year, the company achieved earnings per share of $ 0.18. The company’s revenue for the quarter increased 20.4% year-over-year. As a group, selling analysts expect Repayment to show 0.28 EPS for the current fiscal year.
Similarly, director Robert Herman Hartheimer sold 5,000 shares of the company’s stock in a trade on Friday, March 5. The shares were sold for an average price of $ 24.00, for a total transaction of $ 120,000.00. As a result of the transaction, the director now owns 49,885 shares of the company, valued at $ 1,197,240. The sale was disclosed in a legal file with the Securities & Exchange Commission, available at this hyperlink. Additionally, General Counsel Tyler B. Dempsey sold 10,000 shares in a trade on Monday, April 5. The shares were sold for an average price of $ 23.38, for a total trade of $ 233,800.00. Following the closing of the sale, the General Counsel now directly owns 179,971 shares of the company, valued at $ 4,207,721.98. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 20,000 shares of the company valued at $ 468,800. 16.54% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently increased or reduced their holdings in RPAY. Wasatch Advisors Inc. increased its stake in Repay by 6.7% during the first quarter. Wasatch Advisors Inc. now owns 5,868,473 shares of the company valued at $ 137,792,000 after acquiring an additional 370,773 shares during the period. BlackRock Inc. increased its holdings of Repay shares by 15.2% in the first quarter. BlackRock Inc. now owns 5,209,150 shares of the company valued at $ 122,312,000 after purchasing an additional 686,402 shares during the last quarter. JPMorgan Chase & Co. increased its position in redemption shares by 299.8% in the first quarter. JPMorgan Chase & Co. now owns 2,798,885 shares of the company valued at $ 65,717,000 after purchasing an additional 2,098,821 shares during the period. TimesSquare Capital Management LLC increased its stake in Repay shares by 6.3% in the first quarter. TimesSquare Capital Management LLC now owns 2,527,205 shares of the company worth $ 59,339,000 after purchasing an additional 150,445 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Repay shares by 18.9% in the first quarter. Victory Capital Management Inc. now owns 2,175,014 shares of the company valued at $ 51,069,000 after purchasing an additional 345,764 shares during the last quarter. Institutional investors and hedge funds hold 93.11% of the company’s shares.
Refund Company Profile
Repay Holdings Corporation provides integrated payment processing solutions to industry-oriented markets. Its payment processing solutions enable consumers and businesses to make payments using electronic payment methods. The company offers a range of solutions related to electronic payment methods, including credit and debit processing, virtual credit card processing, automated clearing house (ACH) processing, enhanced ACH processing, and funding. instantaneous.
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