Repay Holdings Co. (NASDAQ: RPAY) Chief Financial Officer Timothy John Murphy sold 25,267 shares of the company in a transaction dated Tuesday, June 8. The shares were sold at an average price of $ 25.00, for a total trade of $ 631,675.00. As a result of the transaction, the CFO now directly owns 374,904 shares of the company, valued at $ 9,372,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Actions of RPAY traded at $ 0.89 during trading hours on Wednesday, reaching $ 23.71. The company’s shares had a trade volume of 447,156 shares, compared to its average volume of 942,161. The company has a market capitalization of $ 1.91 billion, a P / E ratio of -29.81 and a beta of 0.79. The company has a current ratio of 6.91, a quick ratio of 6.91 and a debt ratio of 0.62. The company has a 50-day moving average price of $ 23.15. Repay Holdings Co. has a 52-week low of $ 20.18 and a 52-week high of $ 28.42.
Repay (NASDAQ: RPAY) last released its results on Sunday, May 9. The company reported earnings per share of $ 0.18 for the quarter, beating the consensus estimate of $ 0.16 by $ 0.02. The company posted revenue of $ 47.52 million in the quarter, compared to a consensus estimate of $ 44.87 million. Repay had a negative net margin of 28.90% and a positive return on equity of 4.80%. The company’s revenue grew 20.4% year-over-year. In the same quarter of last year, the company made earnings per share of $ 0.18. As a group, sell-side analysts predict that Repay Holdings Co. will post 0.58 EPS for the current year.
Hedge funds have recently increased or reduced their stakes in the company. Bank Julius Baer & Co. Ltd. Zurich purchased a new position in Repay shares during the first quarter valued at approximately $ 35,000. Signaturefd LLC purchased a new position in Repay shares in the fourth quarter valued at approximately $ 55,000. Nisa Investment Advisors LLC increased its position in Repay shares by 51.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,350 shares of the company valued at $ 64,000 after acquiring 800 additional shares during the period. Harbor Investments Inc. purchased a new position in Repay shares during the first quarter valued at approximately $ 95,000. Finally, Great West Life Assurance Co. Can strengthened its position in Repay shares by 90.7% in the first quarter. Great West Life Assurance Co. Can now owns 4,385 shares of the company valued at $ 102,000 after acquiring an additional 2,085 shares during the period. Institutional investors hold 89.66% of the company’s shares.
A number of research companies have recently weighed in on RPAY. Zacks investment research downgraded Repay’s shares from a “buy” rating to a “hold” rating in a research report released on Wednesday, May 5. Citigroup began covering Repay shares in a research report on Wednesday, March 24. They set a “buy” rating and a target price of $ 29 on the stock. Wells Fargo & Company downgraded Repay’s stock from an “equal weight” rating to an “overweight” rating and set a price target of $ 29.00 on the stock in a research report released on Tuesday March 2. Citigroup Inc. A Russell-based capital protected 3% minimum coupon began to cover Repay shares in a research report on Wednesday, March 24. They set a “buy” rating and a target price of $ 29 on the stock. Finally, Morgan Stanley raised its price target on Repay shares from $ 26.00 to $ 27.00 and gave the company an “equal weight” rating in a research report released on Friday, May 14. Two analysts rated the stock with a conservation rating and eight issued a buy rating for the stock. The stock currently has an average rating of “Buy” and a consensus price target of $ 28.64.
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 for electronic payment methods, including credit and debit processing, virtual credit card processing, automated clearing house (ACH) processing, enhanced ACH processing, and instant financing. .
Read more: SEC filing
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