Repay (NASDAQ:RPAY) General Counsel Sells 11,112 Shares

Key Points

• Repay General Counsel Tyler Dempsey sold 11,112 shares at an average price of $4.00, totaling $44,448. Following the sale, Dempsey retained 455,139 shares.
• Repay shares fell 1.3% to $3.93, while the company’s latest quarterly results slightly missed analyst expectations for both earnings and revenue.
• Analysts maintain a consensus “Hold” rating with a $5.25 target price; three analysts rate the stock Buy, three Hold, and one Sell.

Repay Holdings Corporation (NASDAQ:RPAY - Get Free Report) General Counsel Tyler Dempsey sold 11,112 shares of Repay stock in a transaction on Monday, September 21st. The stock was sold at an average price of $4.00, for a total value of $44,448.00. Following the completion of the transaction, the general counsel owned 455,139 shares in the company, valued at $1,820,556. The trade was a 2.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Repay Trading Down 1.3%

Shares of Repay stock traded down $0.05 on Monday, reaching $3.93. 338,182 shares of the company were exchanged, compared to its average volume of 1,030,054. Repay Holdings Corporation has a fifty-two week low of $2.30 and a fifty-two week high of $5.76. The firm has a market capitalization of $373.93 million, a price-to-earnings ratio of -1.93 and a beta of 1.83. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 1.60. The stock has a fifty day moving average price of $3.83 and a 200-day moving average price of $3.53.

Repay (NASDAQ:RPAY - Get Free Report) last issued its quarterly 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). The company had revenue of $100.71 million during the quarter, compared to analysts' expectations of $101.86 million. Repay had a positive return on equity of 11.03% and a negative net margin of 49.57%. On average, analysts expect that Repay Holdings Corporation will post 0.88 EPS for the current year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Repay

Institutional investors and hedge funds have recently bought and sold shares of the business. Essential Partners LLC increased its holdings in shares of Repay by 69.8% in the 1st 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 period. Krilogy Financial LLC acquired a new stake in shares of Repay during the first quarter worth approximately $29,000. Caerus Investment Advisors LLC purchased a new position in Repay during the first quarter valued at approximately $31,000. Chicago Partners Investment Group LLC purchased a new position in Repay during the first quarter valued at approximately $36,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Repay in the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 82.73% of the company's stock.

About Repay

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.