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 stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $4.00, for a total value of $19,544.00. Following the completion of the transaction, the general counsel owned 441,861 shares in the company, valued at $1,767,444. The trade was a 1.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Repay Trading Up 4.8%

Shares of NASDAQ RPAY traded up $0.19 during midday trading on Thursday, hitting $4.19. The stock had a trading volume of 438,245 shares, compared to its average volume of 969,651. The company’s 50-day simple moving average is $3.79 and its 200 day simple moving average is $3.66. The firm has a market cap of $398.67 million, a P/E ratio of -2.05 and a beta of 1.89. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.45 and a quick ratio of 1.43. Repay Holdings Corporation has a fifty-two week low of $2.30 and a fifty-two week high of $5.25.

Repay (NASDAQ:RPAY) last released its earnings results 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). 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 during the quarter, compared to analyst estimates of $101.86 million. Research analysts anticipate that Repay Holdings Corporation will post 0.88 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RPAY shares. DA Davidson reiterated a “buy” rating and issued a $6.00 price target on shares of Repay in a research report on Wednesday, July 15th. Weiss Ratings upgraded shares of Repay from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 20th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $8.00 target price on shares of Repay in a research note on Wednesday, August 19th. 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, Repay has a consensus rating of “Hold” and an average target price of $5.25.

Institutional Investors Weigh In On Repay

Several large investors have recently modified their holdings of RPAY. Bank of America Corp DE raised its position in shares of Repay by 79.6% during 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 period. Bank of New York Mellon Corp acquired a new position in shares of Repay in the 2nd quarter valued at approximately $842,000. Caerus Investment Advisors LLC acquired a new position in shares of Repay in the 1st quarter valued at approximately $31,000. Essential Partners LLC increased its stake in 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 purchasing an additional 3,950 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in Repay by 9.9% during the 1st quarter. Empowered Funds LLC now owns 510,504 shares of the company’s stock worth $1,327,000 after purchasing an additional 45,939 shares in the last quarter. 82.73% of the stock is currently owned by institutional investors.

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.