Uncovering Institutional Buying In Repay Holdings Corporation (NASDAQ: RPAY)

Currently, there are 90.80M common shares owned by the public and among those 78.76M shares have been available to trade.

Insiders at the company have transacted a total of 79 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 28 of these insider trades were purchases, accounting for 3,271,396 shares. Insider sales of the common stock occurred on 51 occasions, with total insider shares sold totaling 2,128,281 shares.

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The company’s stock has a 5-day price change of 18.73% and 30.82% over the past three months. RPAY shares are trading 15.81% year to date (YTD), with the 12-month market performance up to 22.10% higher. It has a 12-month low price of $5.61 and touched a high of $9.55 over the same period. RPAY has an average intraday trading volume of 707.76K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 19.52%, 22.02%, and 29.08% respectively.

Institutional ownership of Repay Holdings Corporation (NASDAQ: RPAY) shares accounts for 80.67% of the company’s 90.80M shares outstanding.

It has a market capitalization of $936.19M and a beta (3y monthly) value of 1.31. The earnings-per-share (ttm) stands at -$1.22. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.51% over the week and 4.25% over the month.

Analysts forecast that Repay Holdings Corporation (RPAY) will achieve an EPS of $0.21 for the current quarter, $0.2 for the next quarter and $1.01 for 2025. The lowest estimate earnings-per-share for the quarter is $0.2 while analysts give the company a high EPS estimate of $0.22. Comparatively, EPS for the current quarter was $0.2 a year ago. Earnings per share for the fiscal year are expected to increase by 4.95%, and 11.86% over the next financial year.

Looking at the support for the RPAY, a number of firms have released research notes about the stock. The Benchmark Company stated their Buy rating for the stock in a research note on February 13, 2024, with the firm’s price target at $10. BMO Capital Markets coverage for the Repay Holdings Corporation (RPAY) stock in a research note released on December 05, 2023 offered a Market Perform rating with a price target of $9. UBS was of a view on October 20, 2023 that the stock is Neutral, while Berenberg gave the stock Hold rating on September 12, 2023, issuing a price target of $9. Stephens on their part issued Overweight rating on November 14, 2022.

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