Sunday, June 26, 2022

An Analysis of Repay Holdings Corporation (RPAY)’s Potential Price Growth

Repay Holdings Corporation’s recent filing unveils that its Director KIGHT PETER J acquired Company’s shares for reported $0.4 million on Jun 16. In the deal valued at $10.79 per share,37,262 shares were bought. As a result of this transaction, KIGHT PETER J now holds 1,386,882 shares worth roughly $ 17.06 million.


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Then, THORNBURGH RICHARD E bought 4,500 shares, generating $50,895 in total proceeds. Upon buying the shares at $11.31, the Director now owns 48,157 shares.

Before that, Morris John Andrew Sr. bought 90,000 shares. Repay Holdings Corporation shares valued at $1,012,500 were divested by the Chief Executive Officer at a price of $11.25 per share. As a result of the transaction, Morris John Andrew Sr. now holds 90,000 shares, worth roughly $1.11 million.

Meanwhile, BTIG Research reiterated its Repay Holdings Corporation [RPAY] rating to a Buy in a research note published on Tuesday, January 26, 2022; the price target was $24. PT values the company’s stock at a premium of 48.75 to its Tuesday closing price. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late March with a ‘”a Buy”‘ rating. Wells Fargo also remained covering RPAY and has increased its forecast on March 02, 2021 with a “an Overweight” recommendation from previously “an Equal weight” rating. Wells Fargo started covering the stock on January 20, 2021. It rated RPAY as “an Equal weight”.

Price Performance Review of RPAY

On Tuesday, Repay Holdings Corporation [NASDAQ:RPAY] saw its stock jump 8.56% to $12.30. On the same session, the stock had its day’s lowest price of $11.83, but rose to a high of $12.97. Over the last five days, the stock has gained 8.37%. Repay Holdings Corporation shares have fallen nearly -32.68% since the year began. Nevertheless, the stocks have fallen -50.40% over the past one year. While a 52-week high of $25.75 was reached on 01/05/22, a 52-week low of $9.79 was recorded on 05/12/22. SMA at 50 days reached $12.83, while 200 days put it at $17.17. A total of 0.86 million shares were traded, compared to the trading of 0.52 million shares in the previous session.

Levels Of Support And Resistance For RPAY Stock

The 24-hour chart illustrates a support level at 11.76, which if violated will result in even more drops to 11.23. On the upside, there is a resistance level at 12.90. A further resistance level may holdings at 13.51. The Relative Strength Index (RSI) on the 14-day chart is 50.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.59%. Stochastics %K at 37.01% indicates the stock is a holding.

Repay Holdings Corporation [RPAY] – Who Are The Largest Shareholders?

In filings from Wellington Management Co. LLP, it is revealed that the company now owns 10,648,778 shares, or roughly 11.66% of the outstanding RPAY shares. In other words, the investor’s shares have fallen by -1,300,563 from its previous 13-F filing of 11949341.0. Additionally, Fidelity Management & Research Co decreased -5.82% of its stake after which the total value it holdings stand at $78,075,320, while Wasatch Advisors, Inc. reduced -0.95% of its stake to hold $64.07 million in the firm. Over the last quarter, BlackRock Fund Advisors sold -80,963 shares of Repay Holdings Corporation, while The Vanguard Group, Inc. sold 120,885 shares. At present, Westwood Management Corp. is holding 3,934,835 shares valued at $48.99 million. BAMCO, Inc. owned 3,765,000 shares of the company at the time of its most recent 13F filing, worth $46.87 million.

According to FactSet, Repay Holdings Corporation’s share price will average $20.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 76.52 percent from its previous closing price of $11.33. Analysts expect Repay Holdings Corporation stock to reach the higher price of $25.00, while the lowest price estimate is $14.00. However, 11 analysts have rated RPAY stock as a Buy in their predictions for 2022. The most recent change occurred on October 05, 2020 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $25 price target.

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