Repay (NASDAQ:RPAY) General Counsel Sells $19,544.00 in Stock

Repay Holdings Corporation (NASDAQ:RPAY) General Counsel Tyler Dempsey sold 4,886 shares of the stock in a transaction 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 sale, the general counsel directly owned 441,861 shares of the company’s stock, valued at $1,767,444. This represents a 1.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Repay Stock Up 4.8%

NASDAQ RPAY traded up $0.19 on Thursday, reaching $4.19. The company had a trading volume of 438,245 shares, compared to its average volume of 969,651. The firm has a market capitalization of $398.67 million, a price-to-earnings ratio of -2.05 and a beta of 1.89. 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 1-year low of $2.30 and a 1-year high of $5.25. The company’s fifty day moving average is $3.79 and its 200-day moving average is $3.66.

Repay (NASDAQ:RPAY) last released 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). 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. On average, research analysts forecast that Repay Holdings Corporation will post 0.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RPAY. Weiss Ratings upgraded Repay from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 20th. 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. Finally, DA Davidson restated a “buy” rating and issued a $6.00 target price 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 company’s stock. Based on data from MarketBeat, Repay has a consensus rating of “Hold” and a consensus price target of $5.25.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RPAY. HB Wealth Management LLC increased its stake in Repay by 4.6% in 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 last quarter. Essential Partners LLC boosted its stake in shares of Repay by 69.8% during the 1st 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. Caitong International Asset Management Co. Ltd acquired a new position in shares of Repay during the 4th quarter worth about $40,000. Krilogy Financial LLC acquired a new position in shares of Repay during the 1st quarter worth about $29,000. Finally, Caerus Investment Advisors LLC bought a new position in shares of Repay in the 1st quarter valued at about $31,000. Institutional investors own 82.73% of the company’s stock.

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.