Insider Selling: Repay (NASDAQ:RPAY) General Counsel Sells $97,750.00 in Stock

Repay Holdings Corporation (NASDAQ:RPAY) General Counsel Tyler Dempsey sold 25,000 shares of Repay stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $3.91, for a total transaction of $97,750.00. Following the completion of the sale, the general counsel owned 466,251 shares of the company’s stock, valued at $1,823,041.41. This represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Repay Price Performance

Shares of RPAY opened at $3.80 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 1.60. Repay Holdings Corporation has a 1-year low of $2.30 and a 1-year high of $5.45. The firm has a market cap of $361.56 million, a PE ratio of -1.86 and a beta of 1.83. The firm has a fifty day simple moving average of $3.82 and a two-hundred day simple moving average of $3.55.

Repay (NASDAQ:RPAY) last posted 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 firm had revenue of $100.71 million during the quarter, compared to the consensus estimate of $101.86 million. On average, equities analysts anticipate that Repay Holdings Corporation will post 0.88 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on RPAY. UBS Group boosted their price target on Repay from $3.75 to $4.25 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Weiss Ratings raised shares of Repay from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 20th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $8.00 price objective on shares of Repay in a research note on Wednesday, August 19th. Finally, DA Davidson restated a “buy” rating and set a $6.00 target price on shares of Repay in a research report on Wednesday, July 15th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Repay has an average rating of “Hold” and a consensus price target of $5.25.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Essential Partners LLC grew its stake in Repay by 69.8% in the first quarter. Essential Partners LLC now owns 9,612 shares of the company’s stock valued at $25,000 after purchasing an additional 3,950 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Repay during the 4th quarter valued at approximately $40,000. Krilogy Financial LLC purchased a new position in Repay in the 1st quarter worth $29,000. Caerus Investment Advisors LLC purchased a new position in shares of Repay in the first quarter worth about $31,000. Finally, Corient Private Wealth LP purchased a new position in Repay during the 2nd quarter worth approximately $50,000. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

Repay Company Profile

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.