In yesterday’s Wall Street session, Repay Holdings Corporation (NASDAQ:RPAY) shares traded at $8.44, up 4.84% from the previous session.
As we calculate the median target price by taking the range between a high of $20.00 and a low of $7.50, we find $10.00. Given the previous closing price of $8.05, this indicates a potential upside of 24.22 percent. RPAY stock price is now 12.79% away from the 50-day moving average and -19.39% away from the 200-day moving average. The market capitalization of the company currently stands at $831.85M.
Brokers who have rated the stock have averaged $11.41 as their price target over the next twelve months.
With the price target of $9, Stephens recently initiated with Overweight rating for Repay Holdings Corporation (NASDAQ: RPAY). On August 10, 2022, Keefe Bruyette Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock reducing its target price from $21 to quote $13, while ‘Citigroup’ rates the stock as ‘Neutral’.
In other news, Jackson Michael Frank, Chief Operating Officer sold 62,500 shares of the company’s stock on Nov 17. The stock was sold for $493,750 at an average price of $7.90. Upon completion of the transaction, the Chief Operating Officer now directly owns 54,769 shares in the company, valued at $0.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14, Director KIGHT PETER J bought 65,000 shares of the business’s stock. A total of $481,650 was incurred on buying the stock at an average price of $7.41. This leaves the insider owning 1,560,559 shares of the company worth $13.17 million. Insiders disposed of 203,219 shares of company stock worth roughly $1.72 million over the past 1 year. A total of 4.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RPAY stock. A new stake in Repay Holdings Corporation shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $6,975,000. FULL18 CAPITAL LLC invested $4,287,000 in shares of RPAY during the first quarter. In the first quarter, DIMENSIONAL FUND ADVISORS LP acquired a new stake in Repay Holdings Corporation valued at approximately $2,111,000. RENAISSANCE TECHNOLOGIES LLC acquired a new stake in RPAY for approximately $2,086,000. TWO SIGMA INVESTMENTS, LP purchased a new stake in RPAY valued at around $1,974,000 in the second quarter. In total, there are 222 active investors with 88.30% ownership of the company’s stock.
Monday morning saw Repay Holdings Corporation (NASDAQ: RPAY) opened at $8.16. During the past 12 months, Repay Holdings Corporation has had a low of $4.36 and a high of $18.76. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.50, and a quick ratio of 1.50. The fifty day moving average price for RPAY is $7.48 and a two-hundred day moving average price translates $10.47 for the stock.
The latest earnings results from Repay Holdings Corporation (NASDAQ: RPAY) was released for Jun, 2022. According to the Software – Infrastructure Company, earnings per share came in at $0.17, missing analysts’ expectations of $0.2 by -0.03. This compares to -$0.08 EPS in the same period last year. The net profit margin was 1.40% and return on equity was 0.40% for RPAY. The company reported revenue of $71.56 million for the quarter, compared to $61.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.06 percent. For the current quarter, analysts expect RPAY to generate $68.5M in revenue.
Repay Holdings Corporation(RPAY) Company Profile
Repay Holdings Corporation provides integrated payment processing solutions to industry-oriented markets. The company’s payment processing solutions enable consumers and businesses to make payments using electronic payment methods. It also offers a range of solutions relating to electronic payment methods, including credit and debit processing, virtual credit card processing, automated clearing house (ACH) processing, enhanced ACH processing, and instant funding that are processed through its proprietary payment channels, such as Web-based, mobile application, text-to-pay, interactive voice response, and point of sale. In addition, the company provides payment processing solutions to customers primarily operating in the personal loans, automotive loans, receivables management, and business-to-business verticals. It sells its products through direct sales representatives and software integration partners. The company was founded in 2006 and is headquartered in Atlanta, Georgia.