Repay (NASDAQ:RPAY) Stock: Insider Tyler Dempsey Sells 25,000 Shares

Repay Holdings Corporation (NASDAQ:RPAY) General Counsel Tyler Dempsey sold 25,000 shares of Repay stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $4.75, for a total value of $118,750.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Repay Stock Down 3.5%

Shares of NASDAQ RPAY traded down $0.16 during trading hours on Friday, hitting $4.40. The stock had a trading volume of 526,446 shares, compared to its average volume of 930,204. The firm’s 50-day moving average price is $3.97 and its two-hundred day moving average price is $3.59. Repay Holdings Corporation has a 52 week low of $2.30 and a 52 week high of $4.80. The company has a market capitalization of $418.66 million, a P/E ratio of -2.16 and a beta of 1.92. 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 (NASDAQ:RPAY) last issued 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). The business had revenue of $100.71 million for the quarter, compared to the consensus estimate of $101.86 million. Repay had a negative net margin of 49.57% and a positive return on equity of 11.03%. Analysts anticipate that Repay Holdings Corporation will post 0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Repay

A number of institutional investors have recently modified their holdings of RPAY. Essential Partners LLC lifted its stake 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 buying an additional 3,950 shares during the last quarter. Caerus Investment Advisors LLC bought a new stake in shares of Repay during the 1st quarter worth $31,000. Corient Private Wealth LP bought a new stake in shares of Repay during the 2nd quarter worth $50,000. Chicago Partners Investment Group LLC bought a new stake in shares of Repay during the 1st quarter worth $36,000. Finally, StoneX Group Inc. acquired a new position in Repay in the 3rd quarter valued at $70,000. Institutional investors own 82.73% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on RPAY shares. Canaccord Genuity Group restated a “buy” rating and set a $8.00 price target on shares of Repay in a report on Friday, October 16th. DA Davidson reissued a “buy” rating and set a $6.00 target price on shares of Repay in a research report on Wednesday, July 15th. 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 given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.