Repay Holdings Co. (NASDAQ:RPAY) Shares Purchased by Bailard Inc.

Bailard Inc. grew its stake in shares of Repay Holdings Co. (NASDAQ:RPAY) by 5.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 42,600 shares of the company’s stock after acquiring an additional 2,300 shares during the period. Bailard Inc.’s holdings in Repay were worth $325,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. R Squared Ltd purchased a new stake in shares of Repay during the fourth quarter valued at $36,000. Blue Trust Inc. raised its holdings in Repay by 57.9% during the 4th quarter. Blue Trust Inc. now owns 5,663 shares of the company’s stock worth $46,000 after buying an additional 2,077 shares during the period. Olympiad Research LP purchased a new stake in Repay during the fourth quarter valued at about $80,000. Point72 DIFC Ltd acquired a new position in shares of Repay in the third quarter worth about $99,000. Finally, Entropy Technologies LP purchased a new position in shares of Repay in the third quarter worth approximately $109,000. 82.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on RPAY. UBS Group reduced their price target on shares of Repay from $9.50 to $7.50 and set a “neutral” rating for the company in a research report on Tuesday. Canaccord Genuity Group reduced their target price on Repay from $13.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday. Stephens reiterated an “overweight” rating and set a $11.00 price target on shares of Repay in a report on Tuesday. DA Davidson reissued a “buy” rating and issued a $14.00 price objective on shares of Repay in a research note on Thursday, February 27th. Finally, Keefe, Bruyette & Woods lowered their target price on Repay from $9.00 to $8.00 and set a “market perform” rating on the stock in a research note on Monday, January 6th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.56.

Insider Buying and Selling

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total value of $470,250.00. Following the completion of the sale, the chief financial officer now directly owns 450,879 shares of the company’s stock, valued at $3,719,751.75. The trade was a 11.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.00% of the stock is currently owned by corporate insiders.

Repay Stock Performance

Shares of RPAY stock opened at $6.11 on Wednesday. The firm has a market cap of $596.54 million, a P/E ratio of -7.02 and a beta of 1.43. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. Repay Holdings Co. has a fifty-two week low of $6.00 and a fifty-two week high of $11.27. The stock’s 50-day moving average is $7.43 and its two-hundred day moving average is $7.87.

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.