Repay (NASDAQ:RPAY) General Counsel Sells 25,000 Shares of Stock

Repay Holdings Corporation (NASDAQ:RPAY) General Counsel Tyler Dempsey sold 25,000 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $3.91, for a total transaction of $97,750.00. Following the transaction, the general counsel directly owned 466,251 shares in the company, valued at $1,823,041.41. This trade represents a 5.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Repay Stock Down 1.3%

Repay stock traded down $0.05 during midday trading on Monday, reaching $3.93. The stock had a trading volume of 338,182 shares, compared to its average volume of 1,030,054. Repay Holdings Corporation has a 12 month low of $2.30 and a 12 month high of $5.76. The company has a market capitalization of $373.93 million, a P/E ratio of -1.93 and a beta of 1.83. The company has a fifty day moving average price of $3.83 and a two-hundred day moving average price of $3.53. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 1.60.

Repay (NASDAQ:RPAY) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.20 earnings per share (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 firm had revenue of $100.71 million during the quarter, compared to the consensus estimate of $101.86 million. As a group, equities analysts expect that Repay Holdings Corporation will post 0.88 EPS for the current fiscal year.

Institutional Trading of Repay

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on RPAY shares. UBS Group increased their target price on Repay from $3.75 to $4.25 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. DA Davidson restated a “buy” rating and set a $6.00 price target on shares of Repay in a research note on Wednesday, July 15th. Weiss Ratings upgraded shares of Repay from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 20th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Repay in a research note on Wednesday, August 19th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $5.25.

Repay Company Profile

Repay Holdings Corporation, doing business as REPAY, is a financial technology company that provides integrated payment processing and related technology. Its platform enables businesses and consumers to make and receive payments through credit and debit cards, automated clearing house (ACH) transactions, electronic checks and other digital payment methods.

REPAY serves specialized markets including consumer finance, automotive, healthcare, education, government, utilities and communications.