Repay (NASDAQ:RPAY) Stock: Insider Tyler Dempsey Sells 4,886 Shares

Repay Holdings Corporation (NASDAQ:RPAY) General Counsel Tyler Dempsey sold 4,886 shares of the stock in a transaction that occurred on Wednesday, October 14th. The stock was sold at an average price of $4.00, for a total transaction of $19,544.00. Following the transaction, the general counsel directly owned 441,861 shares in the company, valued at approximately $1,767,444. This represents a 1.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Repay Trading Down 3.8%

Repay stock traded down $0.16 during midday trading on Friday, reaching $4.03. The stock had a trading volume of 365,085 shares, compared to its average volume of 373,778. The stock has a market capitalization of $383.45 million, a PE ratio of -1.98 and a beta of 1.89. Repay Holdings Corporation has a twelve month low of $2.30 and a twelve month high of $5.25. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.43 and a current ratio of 1.45. The stock’s 50-day simple moving average is $3.80 and its 200 day simple moving average is $3.67.

Repay (NASDAQ:RPAY) last issued its 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 analysts’ expectations of $101.86 million. Repay had a positive return on equity of 11.03% and a negative net margin of 49.57%. Analysts expect that Repay Holdings Corporation will post 0.88 EPS for the current year.

Institutional Investors Weigh In On Repay

Several hedge funds have recently modified their holdings of RPAY. HB Wealth Management LLC raised its holdings in shares of Repay by 4.6% during the 1st quarter. HB Wealth Management LLC now owns 78,151 shares of the company’s stock valued at $203,000 after buying an additional 3,452 shares during the period. Essential Partners LLC boosted its holdings in Repay by 69.8% in the 1st 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. Caitong International Asset Management Co. Ltd purchased a new position in Repay in the 4th quarter worth approximately $40,000. Krilogy Financial LLC purchased a new position in Repay in the 1st quarter worth approximately $29,000. Finally, Caerus Investment Advisors LLC acquired a new stake in Repay in the first quarter valued at approximately $31,000. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on RPAY shares. DA Davidson reissued a “buy” rating and issued a $6.00 target price on shares of Repay in a research note 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 Friday. Finally, Weiss Ratings upgraded Repay from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 20th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Repay presently has a consensus 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 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.