Repay Holdings Corporation’s recently made public that its Chief Financial Officer Murphy Timothy John unloaded Company’s shares for reported $0.64 million on Mar 21 ’24. In the deal valued at $11.03 per share,58,275 shares were sold. As a result of this transaction, Murphy Timothy John now holds 506,924 shares worth roughly $5.23 million.
Then, Murphy Timothy John sold 10,549 shares, generating $116,039 in total proceeds. Upon selling the shares at $11.00, the Chief Financial Officer now owns 574,850 shares.
Before that, Murphy Timothy John sold 47,195 shares. Repay Holdings Corporation shares valued at $471,950 were divested by the Chief Financial Officer at a price of $10.00 per share. As a result of the transaction, Murphy Timothy John now holds 588,112 shares, worth roughly $6.06 million.
The Benchmark Company initiated its Repay Holdings Corporation [RPAY] rating to a Buy in a research note published on February 13, 2024; the price target was $10. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in early December with a ‘”a Market perform”‘ rating. UBS began covering RPAY with “Neutral” recommendation on October 20, 2023. Berenberg started covering the stock on September 12, 2023. It rated RPAY as “a Hold”.
Price Performance Review of RPAY
On Tuesday, Repay Holdings Corporation [NASDAQ:RPAY] saw its stock jump 0.19% to $10.31. Over the last five days, the stock has lost -0.39%. Repay Holdings Corporation shares have risen nearly 20.73% since the year began. Nevertheless, the stocks have risen 61.60% over the past one year. While a 52-week high of $11.22 was reached on 03/21/24, a 52-week low of $5.61 was recorded on 01/19/24. SMA at 50 days reached $9.42, while 200 days put it at $8.13. A total of 0.33 million shares were traded, compared to the trading of 0.45 million shares in the previous session.
Levels Of Support And Resistance For RPAY Stock
The 24-hour chart illustrates a support level at 10.24, which if violated will result in even more drops to 10.17. On the upside, there is a resistance level at 10.36. A further resistance level may holdings at 10.41. The Relative Strength Index (RSI) on the 14-day chart is 52.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.47%. Stochastics %K at 16.25% indicates the stock is a buying.
How much short interest is there in Repay Holdings Corporation?
A steep rise in short interest was recorded in Repay Holdings Corporation stocks on Mar 15, 2024, growing by 40000.0 shares to a total of 1.67 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.63 million shares. There was a rise of 2.4%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.12% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.91.
The most recent change occurred on November 14, 2022 when Stephens began covering the stock and recommended ‘”an Overweight”‘ rating along with a $9 price target.
