Repay Holdings Co. (NASDAQ:RPAY) Sees Large Decline in Short Interest

Repay Holdings Co. (NASDAQ:RPAY) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 6,310,000 shares, a decrease of 16.1% from the April 30th total of 7,520,000 shares. Approximately 8.7% of the shares of the stock are sold short. Based on an average trading volume of 1,650,000 shares, the short-interest ratio is currently 3.8 days.

Insider Buying and Selling

In other news, President Shaler Alias bought 15,378 shares of the firm’s stock in a transaction on Thursday, May 15th. The shares were bought at an average cost of $3.93 per share, for a total transaction of $60,435.54. Following the completion of the transaction, the president now owns 264,782 shares in the company, valued at $1,040,593.26. This trade represents a 6.17% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Andrew Sr. Morris acquired 163,041 shares of Repay stock in a transaction dated Wednesday, May 14th. The stock was bought at an average price of $4.20 per share, for a total transaction of $684,772.20. Following the completion of the transaction, the chief executive officer now directly owns 253,041 shares of the company’s stock, valued at approximately $1,062,772.20. This represents a 181.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 439,702 shares of company stock valued at $1,806,974 over the last quarter. Company insiders own 12.00% of the company’s stock.

Institutional Investors Weigh In On Repay

Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP purchased a new position in Repay in the fourth quarter valued at about $27,000. R Squared Ltd acquired a new position in shares of Repay in the 4th quarter worth approximately $36,000. Spire Wealth Management boosted its position 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 last quarter. Blue Trust Inc. boosted its position in Repay by 57.9% in the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock valued at $46,000 after buying an additional 2,077 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in shares of Repay in the 4th quarter valued at $47,000. 82.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. UBS Group reduced their price objective on Repay from $7.50 to $4.50 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. Stephens restated an “overweight” rating and issued a $11.00 price objective on shares of Repay in a research report on Tuesday, March 4th. Barclays reduced their price objective on Repay from $9.00 to $6.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Citigroup reduced their price objective on Repay from $8.00 to $4.50 and set a “neutral” rating on the stock in a research report on Monday, May 19th. Finally, Morgan Stanley set a $4.50 target price on Repay in a research report on Wednesday, May 14th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.90.

Repay Stock Down 0.7%

RPAY traded down $0.04 on Tuesday, reaching $4.92. The company’s stock had a trading volume of 61,673 shares, compared to its average volume of 1,088,412. The stock has a market cap of $488.75 million, a price-to-earnings ratio of -5.65 and a beta of 1.60. Repay has a 1 year low of $3.59 and a 1 year high of $11.27. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. The business’s 50 day moving average is $4.53 and its 200 day moving average is $6.34.

Repay (NASDAQ:RPAY) last released its quarterly earnings data on Monday, May 12th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The company had revenue of $77.33 million for the quarter, compared to analyst estimates of $76.06 million. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 EPS. As a group, research analysts forecast that Repay will post 0.72 EPS 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 outstanding shares. This buyback authorization authorizes the company to repurchase 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.

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.