Repay (NASDAQ:RPAY) General Counsel Tyler Dempsey Sells 4,886 Shares of Stock

Repay Holdings Corporation (NASDAQ:RPAY) General Counsel Tyler Dempsey sold 4,886 shares of the stock in a transaction that occurred on Wednesday, October 14th. The shares were sold at an average price of $4.00, for a total value of $19,544.00. Following the sale, the general counsel owned 441,861 shares of the company’s stock, valued at approximately $1,767,444. The trade was a 1.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Repay Stock Performance

RPAY opened at $4.19 on Friday. The firm has a market capitalization of $398.68 million, a P/E ratio of 6.25 and a beta of 1.89. The stock’s 50 day moving average price is $3.80 and its two-hundred day moving average price is $3.66. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 1.60. Repay Holdings Corporation has a 12-month low of $2.30 and a 12-month high of $5.25.

Repay (NASDAQ:RPAY) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). Repay had a positive return on equity of 11.03% and a negative net margin of 49.57%. The business had revenue of $100.71 million during the quarter, compared to the consensus estimate of $101.86 million. On average, equities analysts forecast that Repay Holdings Corporation will post 0.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

RPAY has been the topic of a number of research reports. Weiss Ratings raised shares of Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 20th. DA Davidson reiterated a “buy” rating and set a $6.00 target price on shares of Repay in a research note on Wednesday, July 15th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $8.00 price target on shares of Repay in a report on Wednesday, August 19th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Repay currently has an average rating of “Hold” and a consensus target price of $5.25.

Institutional Investors Weigh In On Repay

A number of institutional investors have recently added to or reduced their stakes in RPAY. Essential Partners LLC grew its position in Repay by 69.8% during the first quarter. Essential Partners LLC now owns 9,612 shares of the company’s stock worth $25,000 after buying an additional 3,950 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Repay during the fourth quarter valued at about $40,000. Krilogy Financial LLC bought a new position in Repay during the first quarter valued at about $29,000. Caerus Investment Advisors LLC acquired a new position in Repay in the 1st quarter valued at approximately $31,000. Finally, Corient Private Wealth LP acquired a new position in Repay in the 2nd quarter valued at approximately $50,000. 82.73% of the stock is owned by institutional investors and hedge funds.

Repay Company Profile

Repay Holdings Corporation, doing business as REPAY, is a financial technology company that provides integrated payment processing and accounts receivable management solutions. Its platform helps businesses accept, process and reconcile electronic payments through channels such as automated clearing house (ACH) transactions, debit and credit cards, digital wallets, online portals, text messages and interactive voice response systems.

REPAY serves organizations in several specialized industries, including consumer finance, automotive lending, healthcare, education, property management, government and business-to-business payments.