Repay (NASDAQ:RPAY) General Counsel Sells $33,568.00 in Stock

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

Repay Stock Performance

Repay stock opened at $4.03 on Friday. The firm’s 50 day simple moving average is $3.80 and its 200-day simple moving average is $3.67. The company has a market cap of $383.45 million, a P/E ratio of -1.98 and a beta of 1.89. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.45 and a quick ratio of 1.43. Repay Holdings Corporation has a fifty-two week low of $2.30 and a fifty-two week high of $5.25.

Repay (NASDAQ:RPAY) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $101.86 million. Repay had a negative net margin of 49.57% and a positive return on equity of 11.03%. As a group, equities research analysts predict that Repay Holdings Corporation will post 0.88 EPS for the current year.

Hedge Funds Weigh In On Repay

Several institutional investors and hedge funds have recently bought and sold shares of RPAY. Bank of America Corp DE increased its holdings in shares of Repay by 79.6% in the 1st quarter. Bank of America Corp DE now owns 495,656 shares of the company’s stock valued at $1,289,000 after purchasing an additional 219,747 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Repay in the second quarter worth approximately $842,000. Empowered Funds LLC boosted its holdings in shares of Repay by 9.9% during the first quarter. Empowered Funds LLC now owns 510,504 shares of the company’s stock worth $1,327,000 after purchasing an additional 45,939 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Repay during the first quarter worth approximately $217,000. Finally, Sei Investments Co. acquired a new stake in shares of Repay during the first quarter worth approximately $103,000. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Analysts Set New Price Targets

RPAY has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 20th. Canaccord Genuity Group restated a “buy” rating and issued a $8.00 target price on shares of Repay in a report on Friday. Finally, DA Davidson restated a “buy” rating and issued a $6.00 target price on shares of Repay in a report on Wednesday, July 15th. Three 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.25.

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.