Insider Selling: Repay (NASDAQ:RPAY) General Counsel Sells 8,392 Shares of Company Stock

Repay Holdings Corporation (NASDAQ:RPAY) General Counsel Tyler Dempsey sold 8,392 shares of the stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $4.00, for a total transaction of $33,568.00. Following the completion of the sale, the general counsel owned 446,747 shares of the company’s stock, valued at approximately $1,786,988. This represents a 1.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Repay Stock Up 4.8%

Shares of RPAY traded up $0.19 during trading hours on Thursday, reaching $4.19. 438,245 shares of the stock traded hands, compared to its average volume of 969,651. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 1.60. The stock has a fifty day simple moving average of $3.79 and a 200 day simple moving average of $3.66. Repay Holdings Corporation has a 52 week low of $2.30 and a 52 week high of $5.25. The company has a market cap of $398.67 million, a price-to-earnings ratio of -2.05 and a beta of 1.89.

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Repay

A number of hedge funds and other institutional investors have recently made changes to their positions in RPAY. Baird Financial Group Inc. grew its position in Repay by 100.0% during the second quarter. Baird Financial Group Inc. now owns 50,000 shares of the company’s stock valued at $210,000 after buying an additional 25,000 shares during the period. Corient Private Wealth LP purchased a new stake in Repay during the second quarter worth about $50,000. Bank of New York Mellon Corp purchased a new stake in Repay during the second quarter worth about $842,000. Caerus Investment Advisors LLC bought a new stake in Repay in the first quarter worth about $31,000. Finally, Essential Partners LLC raised its position in Repay by 69.8% in the first quarter. Essential Partners LLC now owns 9,612 shares of the company’s stock worth $25,000 after acquiring an additional 3,950 shares during the period. 82.73% of the stock is owned by hedge funds and other institutional investors.

About Repay

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.