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

Repay Holdings Corporation (NASDAQ:RPAY) General Counsel Tyler Dempsey sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $4.75, for a total value of $118,750.00. Following the completion of the transaction, the general counsel owned 416,251 shares of the company’s stock, valued at approximately $1,977,192.25. This represents a 5.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Repay Stock Down 3.5%

NASDAQ:RPAY traded down $0.16 during trading hours on Friday, hitting $4.40. The stock had a trading volume of 526,459 shares, compared to its average volume of 367,842. The company has a market cap of $418.66 million, a PE ratio of -2.16 and a beta of 1.92. The business has a 50 day simple moving average of $3.98 and a two-hundred day simple moving average of $3.59. Repay Holdings Corporation has a 1-year low of $2.30 and a 1-year high of $4.80. 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 earnings results on Monday, August 10th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). Repay had a negative net margin of 49.57% and a positive return on equity of 11.03%. The firm had revenue of $100.71 million during the quarter, compared to analysts’ expectations of $101.86 million. Analysts predict that Repay Holdings Corporation will post 0.88 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Essential Partners LLC lifted its stake 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 purchasing an additional 3,950 shares during the last quarter. Caerus Investment Advisors LLC bought a new stake in Repay during the first quarter valued at $31,000. Chicago Partners Investment Group LLC bought a new stake in Repay during the first quarter valued at $36,000. Corient Private Wealth LP acquired a new stake in shares of Repay during the second quarter worth $50,000. Finally, StoneX Group Inc. acquired a new stake in shares of Repay during the third quarter worth $70,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on RPAY shares. DA Davidson reissued a “buy” rating and set a $6.00 price target on shares of Repay in a research report on Wednesday, July 15th. Weiss Ratings upgraded shares of Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 20th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $8.00 price objective on shares of Repay in a research note on Friday, October 16th. Three investment 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $5.25.

About Repay

Repay Holdings Corporation, operating under the REPAY brand, is a payments technology company that provides integrated payment processing and accounts receivable solutions to businesses and organizations in specialized industries. Its platform is designed to help clients accept, manage and reconcile electronic payments through a range of digital and automated tools.

REPAY’s services include credit and debit card processing, ACH payments, electronic funds transfers, recurring payments, online and mobile payment acceptance, payment disbursements, invoicing and accounts receivable management.