Repay (NASDAQ:RPAY) Stock: Insider Tyler Dempsey Sells 8,392 Shares

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

Repay Price Performance

NASDAQ:RPAY traded down $0.16 during trading hours on Friday, hitting $4.03. The company’s stock had a trading volume of 365,085 shares, compared to its average volume of 373,778. Repay Holdings Corporation has a 52-week low of $2.30 and a 52-week high of $5.25. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.43 and a current ratio of 1.45. The business’s 50-day moving average is $3.80 and its two-hundred day moving average is $3.67. The company has a market capitalization of $383.45 million, a PE ratio of -1.98 and a beta of 1.89.

Repay (NASDAQ:RPAY) last issued its earnings results on Monday, August 10th. The company reported $0.20 EPS for the quarter, missing the consensus estimate 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 company had revenue of $100.71 million for the quarter, compared to analysts’ expectations of $101.86 million. As a group, research analysts anticipate that Repay Holdings Corporation will post 0.88 EPS for the current fiscal year.

Institutional Trading of Repay

Several large investors have recently bought and sold shares of RPAY. Villanova Investment Management Co LLC raised its stake in shares of Repay by 5.6% during the 4th quarter. Villanova Investment Management Co LLC now owns 628,292 shares of the company’s stock worth $2,293,000 after buying an additional 33,144 shares during the last quarter. Empowered Funds LLC grew its stake in Repay by 9.9% in the 1st quarter. Empowered Funds LLC now owns 510,504 shares of the company’s stock valued at $1,327,000 after acquiring an additional 45,939 shares during the last quarter. Bank of America Corp DE grew its stake in Repay by 79.6% in the 1st quarter. Bank of America Corp DE now owns 495,656 shares of the company’s stock valued at $1,289,000 after acquiring an additional 219,747 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Repay in the 2nd quarter valued at about $842,000. Finally, Inspire Investing LLC increased its holdings in Repay by 45.2% during the 1st quarter. Inspire Investing LLC now owns 187,443 shares of the company’s stock valued at $487,000 after acquiring an additional 58,317 shares in the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.

Wall Street Analyst Weigh In

RPAY has been the topic of a number of research analyst reports. 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 issued a $8.00 target price on shares of Repay in a report on Friday. Finally, DA Davidson reaffirmed a “buy” rating and issued a $6.00 target price on shares of Repay in a report on Wednesday, July 15th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Repay currently 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.