A company insider recently bought 51,621 shares of Repay Holdings Corporation [RPAY]. Should You Buy?

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Repay Holdings Corporation shares valued at $501,240 were purchased by KIGHT PETER J on Aug 19. At $9.71 per share, KIGHT PETER J acquired 51,621 shares. The insider’s holdings grew to 1,495,559 shares worth approximately $11.38 million following the completion of this transaction.

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Also, KIGHT PETER J purchased 56,956 shares, netting a total of over 557,030 in proceeds. Following the buying of shares at $9.78 each, the insider now holds 1,443,938 shares.

Before that, Barnett Naomi had sold 4,000 shares from its account. In a trade valued at $43,200, the Executive Vice President traded Repay Holdings Corporation shares for $10.80 each. Upon closing the transaction, the insider’s holdings decreased to 4,000 shares, worth approximately $0.46 million.

As published in a research note from Keefe Bruyette on August 10, 2022, Repay Holdings Corporation [RPAY] has been rated down from an Outperform to a Mkt perform and the price target has been revised to $13 from $21. This represents a 41.46% premium over Thursday’s closing price. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of July 22, 2022, Credit Suisse has decreased its “an Outperform” rating to a “Neutral” for RPAY. Earlier on January 26, 2022, BTIG Research resumed its rating. Their recommendation was “a Buy” for RPAY stock.

Analyzing RPAY’s Price Performance

On Thursday, Repay Holdings Corporation [NASDAQ: RPAY] plunged -6.74% to $7.61. The stock’s lowest price that day was $7.36, but it reached a high of $8.11 in the same session. During the last five days, there has been a drop of approximately -15.63%. Over the course of the year, Repay Holdings Corporation shares have dropped approximately -58.35%. Shares of the company reached a 52-week high of $19.71 on 01/05/22 and a 52-week low of $7.36 on 09/22/22. A 50-day SMA is recorded $10.96, while a 200-day SMA reached $14.05. Nevertheless, trading volume fell to 1.24 million shares from 0.47 million shares the previous day.

Support And Resistance Levels for Repay Holdings Corporation (RPAY)

According to the 24-hour chart, there is a support level at 7.28, which, if violated, would cause prices to drop to 6.94. In the upper region, resistance lies at 8.03. The next price resistance is at 8.44. RSI (Relative Strength Index) is 24.39 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.86, which suggests the price will decrease in the coming days. Percent R is at 88.84%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Repay Holdings Corporation subject to short interest?

Stocks of Repay Holdings Corporation saw a sharp steep in short interest on Aug 30, 2022 dropping by -0.67 million shares to 4.46 million. Data from Yahoo Finance shows that the short interest on Jul 28, 2022 was 5.13 million shares. A decline of -15.02% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.1 of the overall float, the days-to-cover ratio (short ratio) decline to 5.1.

Which companies own the most shares of Repay Holdings Corporation (RPAY)?

According to Wellington Management Co. LLP filings, the company currently owns 11,007,439 shares, which is about 12.05% of the total RPAY shares outstanding. The investor’s shares have appreciated by 358,661 from its previous 13-F filing of 10648778.0 shares. With the completion of the buy transaction, Fidelity Management & Research Co’s stake is now worth $58,810,967. BlackRock Fund Advisors acquire a 3.85% interest valued at $47.49 million while Wasatch Advisors, Inc. sold a -417,981 stake. A total of -66,419 shares of Repay Holdings Corporation were sold by The Vanguard Group, Inc. during the quarter, and 17,048 were bought by Westwood Management Corp.. In its current portfolio, BAMCO, Inc. holds 3,815,000 shares valued at $35.44 million.

In terms of Repay Holdings Corporation share price expectations, FactSet research, analysts set an average price target of $15.20 in the next 12 months, up nearly 77.7% from the previous closing price of $8.16. Analysts anticipate Repay Holdings Corporation stock to reach $20.00 by 2022, with the lowest price target being $11.00. On March 24, 2021, Citigroup assigned a price target of “a Buy” to the stock and initiated coverage with a $29.


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