Repay (NASDAQ:RPAY) Stock: Insider Tyler Dempsey Sells 25,000 Shares

Repay Holdings Corporation (NASDAQ:RPAY) General Counsel Tyler Dempsey sold 25,000 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $4.75, for a total transaction of $118,750.00. Following the sale, the general counsel directly owned 416,251 shares in the company, valued at $1,977,192.25. This trade represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Repay Trading Down 3.5%

Repay stock opened at $4.40 on Friday. Repay Holdings Corporation has a 1 year low of $2.30 and a 1 year high of $4.80. The firm’s 50-day moving average is $3.98 and its 200-day moving average is $3.59. 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 company has a market cap of $418.66 million, a P/E ratio of -2.16 and a beta of 1.92.

Repay (NASDAQ:RPAY) last released its quarterly earnings data 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 positive return on equity of 11.03% and a negative net margin of 49.57%. The business had revenue of $100.71 million for the quarter, compared to analyst estimates of $101.86 million. On average, equities analysts expect that Repay Holdings Corporation will post 0.88 earnings per share for the current year.

Analysts Set New Price Targets

RPAY has been the topic of several recent research reports. Canaccord Genuity Group reissued a “buy” rating and issued a $8.00 price target on shares of Repay in a report on Friday, October 16th. DA Davidson restated a “buy” rating and set a $6.00 price objective on shares of Repay in a research note on Wednesday, July 15th. Finally, Weiss Ratings raised Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 20th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Repay has a consensus rating of “Hold” and an average target price of $5.25.

Institutional Investors Weigh In On Repay

Large investors have recently made changes to their positions in the company. StoneX Group Inc. bought a new stake in Repay during the 3rd quarter valued at $70,000. Villanova Investment Management Co grew its stake in shares of Repay by 6.5% in the third quarter. Villanova Investment Management Co now owns 475,212 shares of the company’s stock worth $1,720,000 after purchasing an additional 29,200 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of Repay by 100.0% in the second quarter. Baird Financial Group Inc. now owns 50,000 shares of the company’s stock worth $210,000 after purchasing an additional 25,000 shares in the last quarter. Corient Private Wealth LP bought a new position in shares of Repay in the second quarter worth $50,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Repay during the second quarter valued at $842,000. Institutional investors and hedge funds own 82.73% of the company’s stock.

About Repay

Repay Holdings Corporation, operating under the REPAY brand, is a payments technology company that provides integrated payment processing and accounts receivable solutions to businesses and organizations in specialized industries. Its platform is designed to help clients accept, manage and reconcile electronic payments through a range of digital and automated tools.

REPAY’s services include credit and debit card processing, ACH payments, electronic funds transfers, recurring payments, online and mobile payment acceptance, payment disbursements, invoicing and accounts receivable management.