An analyst sees good growth prospects for Repay Holdings Corporation (RPAY)

Repay Holdings Corporation (NASDAQ: RPAY) stock jumped 1.26% on Monday to $7.23 against a previous-day closing price of $7.14. With 0.66 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.66 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $7.42 whereas the lowest price it dropped to was $7.12. The 52-week range on RPAY shows that it touched its highest point at $10.43 and its lowest point at $5.61 during that stretch. It currently has a 1-year price target of $10.18. Beta for the stock currently stands at 1.15.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RPAY was up-trending over the past week, with a rise of 8.72%, but this was up by 17.18% over a month. Three-month performance dropped to -21.75% while six-month performance rose 6.32%. The stock lost -8.13% in the past year, while it has lost -10.19% so far this year. A look at the trailing 12-month EPS for RPAY yields -0.49 with Next year EPS estimates of 0.90. For the next quarter, that number is 0.22. This implies an EPS growth rate of -1.07% for this year and 9.66% for next year.

Float and Shares Shorts:

At present, 88.28 million RPAY shares are outstanding with a float of 79.59 million shares on hand for trading. On Oct 30, 2023, short shares totaled 2.31 million, which was 2.54% higher than short shares on Sep 28, 2023. In addition to Mr. John Andrew Morris Sr., CPA as the firm’s CEO, Co-Founder & Director, Mr. Shaler V. Alias CPP serves as its President, Co-Founder & Director.

Institutional Ownership:

Through their ownership of 83.30% of RPAY’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 47.92% of RPAY, in contrast to 32.00% held by mutual funds. Shares owned by individuals account for 20.51%. As the largest shareholder in RPAY with 8.69% of the stake, Fidelity Management & Research Co holds 8,228,854 shares worth 8,228,854. A second-largest stockholder of RPAY, BlackRock Fund Advisors, holds 5,467,254 shares, controlling over 5.77% of the firm’s shares. Royce & Associates LP is the third largest shareholder in RPAY, holding 3,992,675 shares or 4.22% stake. With a 5.41% stake in RPAY, the Fidelity Advisor Series I -Growth is the largest stakeholder. A total of 5,122,627 shares are owned by the mutual fund manager. The Baron Small Cap Fund, which owns about 4.12% of RPAY stock, is the second-largest Mutual Fund holder. It holds 3,900,000 shares valued at 23.36 million. Vanguard Total Stock Market ETF holds 2.45% of the stake in RPAY, owning 2,322,791 shares worth 13.91 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RPAY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With RPAY analysts setting a high price target of $16.00 and a low target of $7.50, the average target price over the next 12 months is $10.18. Based on these targets, RPAY could surge 121.3% to reach the target high and rise by 3.73% to reach the target low. Reaching the average price target will result in a growth of 40.8% from current levels.

Summary of Insider Activity:

Insiders traded RPAY stock several times over the past three months with 0 Buys and 4 Sells. In these transactions, 0 shares were bought while 17,679 shares were sold. The number of buy transactions has increased to 33 while that of sell transactions has risen to 80 over the past year. The total number of shares bought during that period was 3,275,546 while 2,183,121 shares were sold.