Insider Selling: 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 business’s stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $4.00, for a total transaction of $19,544.00. Following the transaction, the general counsel owned 441,861 shares of the company’s stock, valued at $1,767,444. This trade represents a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Repay Stock Performance

Shares of RPAY opened at $4.03 on Friday. The company has a market cap of $383.45 million, a PE ratio of -1.98 and a beta of 1.89. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 1.60. The stock has a 50-day moving average price of $3.80 and a 200-day moving average price of $3.67. Repay Holdings Corporation has a 12-month low of $2.30 and a 12-month high of $5.25.

Repay (NASDAQ:RPAY) last announced its earnings results on Monday, August 10th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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 forecast that Repay Holdings Corporation will post 0.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RPAY has been the subject of several research analyst reports. 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. Weiss Ratings upgraded Repay from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 20th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $8.00 price objective on shares of Repay in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.25.

Hedge Funds Weigh In On Repay

A number of hedge funds have recently modified their holdings of RPAY. Bank of America Corp DE grew 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 purchased a new position in Repay during the 2nd quarter valued at about $842,000. Empowered Funds LLC increased its holdings in Repay by 9.9% during the 1st quarter. Empowered Funds LLC now owns 510,504 shares of the company’s stock valued at $1,327,000 after purchasing an additional 45,939 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Repay during the 1st quarter valued at approximately $217,000. Finally, Sei Investments Co. bought a new position in Repay during the 1st quarter valued at approximately $103,000. Hedge funds and other 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.