Chief Operating Officer Jackson Michael Frank sale 62,500 shares of Repay Holdings Corporation [RPAY]


Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Repay Holdings Corporation shares valued at $493,750 were sold by Jackson Michael Frank on Nov 17. At $7.90 per share, Jackson Michael Frank sold 62,500 shares. The insider’s holdings dropped to 54,769 shares worth approximately $0.43 million following the completion of this transaction.

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Also, KIGHT PETER J purchased 65,000 shares, netting a total of over 481,650 in proceeds. Following the buying of shares at $7.41 each, the insider now holds 1,560,559 shares.

Before that, Alias Shaler had added 75,000 shares to its account. In a trade valued at $515,250, the President bought Repay Holdings Corporation shares for $6.87 each. Upon closing the transaction, the insider’s holdings increased to 75,000 shares, worth approximately $0.59 million.

As published in their initiating research note from Stephens on November 14, 2022, Repay Holdings Corporation [RPAY] has been an Overweight and the price target has been revised to $9. This represents a 12.67% premium over Wednesday’s closing price. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early August. As of August 10, 2022, Citigroup has decreased its “Buy” rating to a “Neutral” for RPAY. Earlier on July 22, 2022, Credit Suisse downgraded its rating. Their new recommendation was “a Neutral” for RPAY stock which previously was a “an Outperform”.

Analyzing RPAY Stock Performance

On Wednesday, Repay Holdings Corporation [NASDAQ: RPAY] rose 0.77% to $7.86. The stock’s lowest price that day was $7.69, but it reached a high of $7.91 in the same session. During the last five days, there has been a drop of approximately -2.96%. Over the course of the year, Repay Holdings Corporation shares have dropped approximately -2.36%. Shares of the company reached a 52-week high of $10.43 on 02/03/23 and a 52-week low of $7.24 on 03/02/23. A 50-day SMA is recorded $8.83, while a 200-day SMA reached $9.52. Nevertheless, trading volume fell to 0.78 million shares from 0.72 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 7.73, which, if violated, would cause prices to drop to 7.60. In the upper region, resistance lies at 7.95. The next price resistance is at 8.04. RSI (Relative Strength Index) is 36.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.50, which suggests the price will decrease in the coming days. Percent R is at 74.49%, indicating bearish price movement. Stochastics %K at holding 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 Jan 12, 2023 dropping by -0.58 million shares to 3.8 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 4.38 million shares. A decline of -15.26% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.7 of the overall float, the days-to-cover ratio (short ratio) decline to 4.7.

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

According to Fidelity Management & Research Co filings, the company currently owns 7,698,378 shares, which is about 8.43% of the total RPAY shares outstanding. The investor’s shares have appreciated by 536,202 from its previous 13-F filing of 7162176.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $55,662,571. Wellington Management Co. LLP reduced a -46.71% interest valued at $50.55 million while The Vanguard Group, Inc. purchased a 160,032 stake. A total of 0 shares of Repay Holdings Corporation were bought by BAMCO, Inc. during the quarter, and 891,320 were bought by Owls Nest Partners IA LLC. In its current portfolio, Ranger Investment Management LP holds 2,682,326 shares valued at $26.13 million.

In terms of Repay Holdings Corporation share price expectations, FactSet research, analysts set an average price target of $11.75 in the next 12 months, up nearly 34.62% from the previous closing price of $7.80. Analysts anticipate Repay Holdings Corporation stock to reach $20.00 by 2023, with the lowest price target being $8.00. In spite of this, 11 analysts ranked Repay Holdings Corporation stock as an Overweight at the end of 2023. On January 26, 2022, BTIG Research assigned a price target of “a Buy” to the stock and reiterated coverage with a $24.


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