Fidelity Management & Research Co.. recently announced the acquisition of new stake in Repay Holdings Corporation (NASDAQ:RPAY). The institutional investor has increased its shareholding in the Technology company by 382.26% to 4.56 million shares with purchase of 3.62 million shares. This fresh investment now brings its stake to 7.80% valued currently at $100.95 million. In addition, BAMCO, Inc. raised its holdings by 3.2 million to 3.81 million shares. And Wasatch Advisors, Inc. has lifted its position by 56.54% or 1.21 million shares – to 3.36 million shares.
With over 1.69 million Repay Holdings Corporation (RPAY) shares trading Tuesday and a closing price of $26.99 on the day, the dollar volume was approximately $45.73 million. The shares have shown a positive weekly performance of 9.63% and its price on 09/01/20 gained nearly 6.68%. Currently, there are 56.24M common shares owned by the public and among those 52.15M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 8 analysts who have offered their price forecasts for RPAY have a consensus price objective of $29.71. The analysts have set the share’s price value over the next 12 months at a high of $32.00 and a low of $28.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Repay Holdings Corporation stock is 1.30 for the next 12 months. The average price target is -74.13% below its last price level and a downside to the estimated low will see the stock gain 3.61% over that period. But an upside of 15.66% will see the stock hit the forecast high price target while mean target price for the stock is $30.00.
Insiders at the company have transacted a total of 62 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 36 of these insider trades were purchases, accounting for 1,761,682 shares. Insider sales of the common stock occurred on 26 occasions, with total insider shares sold totaling 5,571,827 shares.
The top 3 mutual fund holders in Repay Holdings Corporation are Baron Small Cap Fund, Neuberger Berman Long Short Fund, and American Funds Small Cap World Fu. Baron Small Cap Fund owns 3.3 million shares of the company’s stock, all valued at over $73.03 million. The company sold -0.2 million shares recently to bring their total holdings to about 6.30% of the shares outstanding. Neuberger Berman Long Short Fund sold -0.16 million shares to see its total holdings shrink to 1.97 million shares valued at over $43.56 million and representing 3.76% of the shares outstanding. American Funds Small Cap World Fu bought 2.03 million shares to bring its total holdings to over 2.03 million shares at a value of $44.95 million. American Funds Small Cap World Fu now owns shares totaling to 3.47% of the shares outstanding.
Shares of Repay Holdings Corporation (NASDAQ: RPAY) opened at $25.53, up $0.23 from a prior closing price of $25.30. However, the script later closed the day at $26.99, up 6.68%. The company’s stock has a 5-day price change of 9.63% and 14.85% over the past three months. RPAY shares are trading 84.23% year to date (YTD), with the 12-month market performance up to 112.35% higher. It has a 12-month low price of $10.69 and touched a high of $27.93 over the same period. Currently, 1.69 million shares have been traded, compared to an average intraday trading volume of 791.41K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.26%, 9.69%, and 42.05% respectively.
Institutional ownership of Repay Holdings Corporation (NASDAQ: RPAY) 56.24M shares outstanding. Mutual fund holders own 33.21%, while other institutional holders and individual stakeholders account for 53.44% and 14.45% respectively.
It has a market capitalization of $2.12B. The earnings-per-share (ttm) stands at -$1.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.04% over the week and 4.90% over the month.
Analysts forecast that Repay Holdings Corporation (RPAY) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2020. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to decrease by -693.90%, and 15.27% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 8 brokerage firm advisors rate Repay Holdings Corporation (RPAY) as a “Strong Buy” at a consensus score of 1.30. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 0 of the 8 advise that investors “hold,” and 0 rated it as a “Sell.”