Repay (NASDAQ:RPAY) General Counsel Sells $44,448.00 in Stock

Repay Holdings Corporation (NASDAQ:RPAY) General Counsel Tyler Dempsey sold 11,112 shares of Repay stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $4.00, for a total transaction of $44,448.00. Following the sale, the general counsel directly owned 455,139 shares of the company’s stock, valued at $1,820,556. The trade was a 2.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Repay Price Performance

Shares of NASDAQ RPAY opened at $3.80 on Thursday. 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 business’s 50 day moving average is $3.82 and its 200-day moving average is $3.55. Repay Holdings Corporation has a 1-year low of $2.30 and a 1-year high of $5.45. The firm has a market cap of $361.56 million, a P/E ratio of -1.86 and a beta of 1.83.

Repay (NASDAQ:RPAY) last posted its quarterly earnings data 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 positive return on equity of 11.03% and a negative net margin of 49.57%.The firm had revenue of $100.71 million for the quarter, compared to the consensus estimate of $101.86 million. Equities research analysts predict that Repay Holdings Corporation will post 0.88 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. 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 worth $25,000 after acquiring an additional 3,950 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Repay during the 4th quarter valued at approximately $40,000. Krilogy Financial LLC acquired a new position in Repay during the 1st quarter worth approximately $29,000. Caerus Investment Advisors LLC acquired a new position in Repay during the 1st quarter worth approximately $31,000. Finally, Corient Private Wealth LP bought a new position in Repay in the 2nd quarter valued at approximately $50,000. Institutional investors own 82.73% of the company’s stock.

Analyst Ratings Changes

RPAY has been the subject of several recent research reports. Canaccord Genuity Group reiterated a “buy” rating and issued a $8.00 price target on shares of Repay in a research note on Wednesday, August 19th. UBS Group upped their target price on Repay from $3.75 to $4.25 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. DA Davidson restated a “buy” rating and issued a $6.00 price target on shares of Repay in a research report on Wednesday, July 15th. Finally, Weiss Ratings raised Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 20th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Repay has an average rating of “Hold” and a consensus target price of $5.25.

About Repay

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.