Insider Selling: Repay (NASDAQ:RPAY) General Counsel Sells $118,750.00 in Stock

Repay Holdings Corporation (NASDAQ:RPAY) General Counsel Tyler Dempsey sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $4.75, for a total transaction of $118,750.00. Following the transaction, the general counsel owned 416,251 shares in the company, valued at $1,977,192.25. The trade was 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 Price Performance

Shares of NASDAQ RPAY opened at $4.40 on Monday. The firm has a market cap of $418.65 million, a PE ratio of -2.16 and a beta of 1.92. Repay Holdings Corporation has a 12-month low of $2.30 and a 12-month high of $4.80. The company’s fifty day simple moving average is $3.98 and its 200 day simple moving average is $3.59. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 1.60.

Repay (NASDAQ:RPAY) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $100.71 million during the quarter, compared to analyst estimates of $101.86 million. As a group, sell-side analysts forecast that Repay Holdings Corporation will post 0.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RPAY. Bank of America Corp DE raised its stake in shares of Repay by 79.6% in the first quarter. Bank of America Corp DE now owns 495,656 shares of the company’s stock worth $1,289,000 after purchasing an additional 219,747 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Repay in the second quarter valued at approximately $842,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Repay during the first quarter valued at approximately $217,000. Empowered Funds LLC boosted its position in shares of Repay by 9.9% during the first quarter. Empowered Funds LLC now owns 510,504 shares of the company’s stock valued at $1,327,000 after buying an additional 45,939 shares during the last quarter. Finally, Sei Investments Co. purchased a new position in shares of Repay during the first quarter valued at approximately $103,000. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Weiss Ratings upgraded Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 20th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $8.00 target price on shares of Repay in a research report on Friday, October 16th. Finally, DA Davidson reaffirmed a “buy” rating and set a $6.00 price target on shares of Repay in a research note on Wednesday, July 15th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $5.25.

Repay Company Profile

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.