Repay (NASDAQ:RPAY) General Counsel Sells 25,000 Shares of Company Stock

Key Points

• Repay General Counsel Tyler Dempsey sold 25,000 shares at an average price of $4.75, totaling $118,750. After the sale, he owned 416,251 shares, a 5.67% reduction in his holdings.
• Repay’s latest reported quarter fell slightly short of expectations, with EPS of $0.20 versus a $0.21 consensus and revenue of $100.71 million versus $101.86 million expected.
• Analysts have a consensus Hold rating and a $5.25 price target; shares were trading at $4.40 in the article.

Repay Holdings Corporation (NASDAQ:RPAY - Get Free Report) General Counsel Tyler Dempsey sold 25,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the general counsel directly owned 416,251 shares of the company's stock, valued at approximately $1,977,192.25. This represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Repay Price Performance

Shares of Repay stock traded down $0.16 on Friday, hitting $4.40. The company had a trading volume of 526,446 shares, compared to its average volume of 930,204. The business has a 50-day simple moving average of $3.97 and a 200-day simple moving average of $3.59. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.45 and a quick ratio of 1.43. The company has a market cap of $418.66 million, a PE ratio of -2.16 and a beta of 1.92. Repay Holdings Corporation has a 52 week low of $2.30 and a 52 week high of $4.80.

Repay (NASDAQ:RPAY - Get Free Report) last announced 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). The firm had revenue of $100.71 million for the quarter, compared to the consensus estimate of $101.86 million. Repay had a positive return on equity of 11.03% and a negative net margin of 49.57%. Research analysts expect that Repay Holdings Corporation will post 0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Repay

Several institutional investors and hedge funds have recently added to or reduced their stakes in RPAY. Essential Partners LLC increased its stake in 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 buying an additional 3,950 shares during the period. Caerus Investment Advisors LLC acquired a new stake in shares of Repay during the 1st quarter valued at $31,000. Chicago Partners Investment Group LLC acquired a new stake in shares of Repay during the 1st quarter valued at $36,000. Corient Private Wealth LP purchased a new position in shares of Repay during the 2nd quarter valued at $50,000. Finally, StoneX Group Inc. purchased a new position in shares of Repay during the 3rd quarter valued at $70,000. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RPAY. Canaccord Genuity Group restated a "buy" rating and set a $8.00 price objective on shares of Repay in a research report on Friday, October 16th. Weiss Ratings upgraded shares of Repay from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, August 20th. Finally, DA Davidson reissued a "buy" rating and set a $6.00 target price on shares of Repay in a research note on Wednesday, July 15th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $5.25.

Repay Company Profile

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.

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