Potential Price Increase for Repay Holdings Corporation (RPAY) After Recent Insider Activity


Repay Holdings Corporation’s recently made public that its General Counsel Dempsey Tyler B unloaded Company’s shares for reported $0.45 million on Aug 17. In the deal valued at $9.04 per share,50,000 shares were sold. As a result of this transaction, Dempsey Tyler B now holds 209,194 shares worth roughly $ 1.98 million.

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Then, Barnett Naomi sold 11,000 shares, generating $99,990 in total proceeds. Upon selling the shares at $9.09, the Executive Vice President now owns 87,698 shares.

Before that, Alias Shaler sold 54,396 shares. Repay Holdings Corporation shares valued at $411,778 were divested by the President at a price of $7.57 per share. As a result of the transaction, Alias Shaler now holds 75,000 shares, worth roughly $0.71 million.

Stephens initiated its Repay Holdings Corporation [RPAY] rating to an Overweight in a research note published on Friday, November 14, 2022; the price target was $9. PT values the company’s stock at a premium of -5.0 to its Friday closing price.

Price Performance Review of RPAY

On Friday, Repay Holdings Corporation [NASDAQ:RPAY] saw its stock jump 2.49% to $9.45. On the same session, the stock had its day’s lowest price of $9.175, but rose to a high of $9.48. Over the last five days, the stock has gained 2.94%. Repay Holdings Corporation shares have risen nearly 17.39% since the year began. Nevertheless, the stocks have risen 1.72% over the past one year. While a 52-week high of $10.43 was reached on 02/03/23, a 52-week low of $4.36 was recorded on 05/02/23. SMA at 50 days reached $8.39, while 200 days put it at $7.80. A total of 0.55 million shares were traded, compared to the trading of 0.55 million shares in the previous session.

Levels Of Support And Resistance For RPAY Stock

The 24-hour chart illustrates a support level at 9.26, which if violated will result in even more drops to 9.06. On the upside, there is a resistance level at 9.56. A further resistance level may holdings at 9.67. The Relative Strength Index (RSI) on the 14-day chart is 64.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.55%. Stochastics %K at 77.75% indicates the stock is a holding.

How much short interest is there in Repay Holdings Corporation?

A steep rise in short interest was recorded in Repay Holdings Corporation stocks on Aug 14, 2023, dropping by -0.28 million shares to a total of 2.58 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.86 million shares. There was a decline of -10.85%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.28% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.26.

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

In filings from Fidelity Management & Research Co, it is revealed that the company now owns 9,520,105 shares, or roughly 10.27% of the outstanding RPAY shares. In other words, the investor’s shares have risen by 1,848,111 from its previous 13-F filing of 7671994.0. Additionally, BlackRock Fund Advisors decreased -4.69% of its stake after which the total value it holdings stand at $46,718,000, while The Vanguard Group, Inc. reduced -10.33% of its stake to hold $32.89 million in the firm. Over the last quarter, BAMCO, Inc. sold -1,000 shares of Repay Holdings Corporation, while Sunriver Management LLC sold 1,002,775 shares. At present, Royce & Associates LP is holding 3,048,850 shares valued at $25.46 million. Ranger Investment Management LP owned 3,038,366 shares of the company at the time of its most recent 13F filing, worth $25.37 million.

According to FactSet, Repay Holdings Corporation’s share price will average $11.35 in the next year, based on opinions of analysts polled by the firm. This is up nearly 13.88 percent from its previous closing price of $9.22. Analysts expect Repay Holdings Corporation stock to reach the higher price of $16.00, while the lowest price estimate is $8.50.


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