Repay (NASDAQ:RPAY) General Counsel Tyler Dempsey Sells 8,392 Shares of Stock

Repay Holdings Corporation (NASDAQ:RPAY) General Counsel Tyler Dempsey sold 8,392 shares of Repay stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $4.00, for a total transaction of $33,568.00. Following the completion of the sale, the general counsel directly owned 446,747 shares in the company, valued at approximately $1,786,988. This represents a 1.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Repay Stock Up 4.8%

RPAY opened at $4.19 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 1.60. The stock has a market cap of $398.68 million, a price-to-earnings ratio of 6.25 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’s 50-day moving average price is $3.80 and its two-hundred day moving average price is $3.66.

Repay (NASDAQ:RPAY) last released its earnings results on Monday, August 10th. The company reported $0.20 earnings per share 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 company had revenue of $100.71 million for the quarter, compared to the consensus estimate of $101.86 million. As a group, equities analysts expect that Repay Holdings Corporation will post 0.88 earnings per share for the current year.

Hedge Funds Weigh In On Repay

Several large investors have recently modified their holdings of RPAY. Essential Partners LLC lifted 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 valued at $25,000 after buying an additional 3,950 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Repay in the 4th quarter valued at approximately $40,000. Krilogy Financial LLC purchased a new position in Repay in the 1st quarter valued at approximately $29,000. Caerus Investment Advisors LLC bought a new stake in Repay during the 1st quarter valued at $31,000. Finally, Corient Private Wealth LP bought a new stake in Repay during the 2nd quarter valued at $50,000. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RPAY. Canaccord Genuity Group reissued a “buy” rating and set a $8.00 price objective on shares of Repay in a report on Wednesday, August 19th. Weiss Ratings upgraded Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 20th. Finally, DA Davidson reaffirmed a “buy” rating and set a $6.00 price target on shares of Repay in a research report on Wednesday, July 15th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average 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 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.