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The Benchmark Company gives a Buy recommendation for Repay Holdings Corporation (RPAY)

In a filing, Repay Holdings Corporation revealed its Executive Vice President Moore Jacob Hamilton unloaded Company’s shares for reported $0.41 million on Sep 13 ’24. In the deal valued at $8.00 per share,51,694 shares were sold. As a result of this transaction, Moore Jacob Hamilton now holds 140,130 shares worth roughly $1.13 million.

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Then, Moore Jacob Hamilton bought 51,694 shares, generating $413,552 in total proceeds.

Before that, Moore Jacob Hamilton sold 7,198 shares. Repay Holdings Corporation shares valued at $58,880 were divested by the Executive Vice President at a price of $8.18 per share. As a result of the transaction, Moore Jacob Hamilton now holds 140,130 shares, worth roughly $1.13 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 Friday, Repay Holdings Corporation [NASDAQ:RPAY] saw its stock jump 0.25% to $8.05. Over the last five days, the stock has gained 2.55%. Repay Holdings Corporation shares have fallen nearly -5.74% since the year began. Nevertheless, the stocks have risen 10.73% over the past one year. While a 52-week high of $11.27 was reached on 06/11/24, a 52-week low of $7.04 was recorded on 01/19/24. SMA at 50 days reached $8.07, while 200 days put it at $9.24.

Levels Of Support And Resistance For RPAY Stock

The 24-hour chart illustrates a support level at 7.99, which if violated will result in even more drops to 7.92. On the upside, there is a resistance level at 8.14. A further resistance level may holdings at 8.22. The Relative Strength Index (RSI) on the 14-day chart is 48.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.43%. Stochastics %K at 14.17% 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 2024-10-31, growing by 27866.0 shares to a total of 6.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.4 million shares. There was a rise of 0.43%, which implies that there is a positive sentiment for the stock.

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.

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