Richard Thornburgh Sells 4,500 Shares of Repay (NASDAQ:RPAY) Stock

Repay Holdings Corporation (NASDAQ:RPAY) Director Richard Thornburgh sold 4,500 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $3.50, for a total transaction of $15,750.00. Following the completion of the sale, the director owned 131,456 shares in the company, valued at $460,096. This represents a 3.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Repay Stock Down 7.8%

RPAY stock traded down $0.26 during mid-day trading on Wednesday, reaching $3.07. 1,390,684 shares of the company traded hands, compared to its average volume of 1,185,150. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.45. The firm’s 50 day moving average price is $4.76 and its 200 day moving average price is $4.90. The stock has a market cap of $280.41 million, a price-to-earnings ratio of -2.24 and a beta of 1.60. Repay Holdings Corporation has a fifty-two week low of $3.06 and a fifty-two week high of $8.57.

Repay (NASDAQ:RPAY) last posted its earnings results on Monday, November 10th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. Repay had a positive return on equity of 9.04% and a negative net margin of 39.08%.The company had revenue of $77.73 million for the quarter, compared to analyst estimates of $76.92 million. During the same quarter last year, the company earned $0.23 earnings per share. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, equities research analysts predict that Repay Holdings Corporation will post 0.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP bought a new stake in shares of Repay in the 3rd quarter worth approximately $26,000. Focus Partners Advisor Solutions LLC bought a new position in Repay during the second quarter valued at $49,000. EverSource Wealth Advisors LLC increased its position in Repay by 224.4% in the second quarter. EverSource Wealth Advisors LLC now owns 10,433 shares of the company’s stock worth $50,000 after buying an additional 7,217 shares during the last quarter. Spire Wealth Management raised its stake in shares of Repay by 44.2% in the second quarter. Spire Wealth Management now owns 10,970 shares of the company’s stock valued at $53,000 after buying an additional 3,360 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Repay during the 2nd quarter valued at $56,000. 82.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. UBS Group lowered their target price on shares of Repay from $5.75 to $4.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Repay in a research report on Monday. DA Davidson reissued a “buy” rating and set a $10.00 target price on shares of Repay in a research report on Tuesday, November 11th. Benchmark restated a “buy” rating on shares of Repay in a research note on Friday, November 14th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $12.00 price target on shares of Repay in a research report on Tuesday, November 11th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $6.92.

Repay Company Profile

Repay Holdings Corporation, payments technology company, provides integrated payment processing solutions to industry-oriented markets in the United States. It operates through two segments: Consumer Payments and Business Payments. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods.