Insider Selling: Repay (NASDAQ:RPAY) General Counsel Sells 11,112 Shares

Repay Holdings Corporation (NASDAQ:RPAY) General Counsel Tyler Dempsey sold 11,112 shares of the business’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $4.00, for a total transaction of $44,448.00. Following the transaction, the general counsel owned 455,139 shares in the company, valued at approximately $1,820,556. This represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Repay Stock Down 1.3%

Shares of NASDAQ:RPAY traded down $0.05 during midday trading on Monday, hitting $3.93. 338,182 shares of the stock were exchanged, compared to its average volume of 1,030,054. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.43 and a current ratio of 1.45. Repay Holdings Corporation has a 52-week low of $2.30 and a 52-week high of $5.76. The business’s fifty day simple moving average is $3.83 and its two-hundred day simple moving average is $3.53. The company has a market capitalization of $373.93 million, a PE ratio of -1.93 and a beta of 1.83.

Repay (NASDAQ:RPAY) last released its quarterly earnings data 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). 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 for the quarter, compared to analyst estimates of $101.86 million. As a group, research analysts predict that Repay Holdings Corporation will post 0.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Repay

Institutional investors have recently bought and sold shares of the stock. Private Management Group Inc. boosted its stake in shares of Repay by 30.5% during the 4th quarter. Private Management Group Inc. now owns 5,412,492 shares of the company’s stock worth $19,756,000 after acquiring an additional 1,263,399 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Repay during the 2nd quarter valued at about $842,000. Whetstone Capital Advisors LLC raised its stake in shares of Repay by 1,832.1% in the 4th quarter. Whetstone Capital Advisors LLC now owns 2,728,627 shares of the company’s stock valued at $9,959,000 after acquiring an additional 2,587,400 shares in the last quarter. Bank of America Corp DE lifted its holdings in Repay by 79.6% in the 1st 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. Finally, Essential Partners LLC lifted 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 purchasing an additional 3,950 shares during the last quarter. 82.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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