Repay (NASDAQ:RPAY) General Counsel Tyler Dempsey Sells 25,000 Shares

Key Points

• Repay General Counsel Tyler Dempsey sold 25,000 shares at an average price of $3.91, generating $97,750. Following the sale, Dempsey retained 466,251 shares, a 5.09% reduction in ownership.
• Repay shares traded near $3.93, with the stock ranging from $2.30 to $5.76 over the past year. The company’s latest quarterly results missed analyst expectations, reporting $0.20 in EPS versus $0.21 expected and revenue of $100.71 million versus $101.86 million forecast.
• Analyst sentiment is mixed, with three Buy, three Hold and one Sell rating; the consensus rating is Hold with a $5.25 target price. Institutional investors own approximately 82.73% of the company.

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 Thursday, September 17th. The stock was sold at an average price of $3.91, for a total transaction of $97,750.00. Following the transaction, the general counsel owned 466,251 shares of the company's stock, valued at approximately $1,823,041.41. This represents a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Repay Price Performance

Repay stock traded down $0.05 during mid-day trading on Monday, reaching $3.93. The company had a trading volume of 338,182 shares, 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 company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 1.60. The company has a market cap of $373.93 million, a P/E ratio of -1.93 and a beta of 1.83. The business has a fifty day simple moving average of $3.83 and a 200 day simple moving average of $3.53.

Repay (NASDAQ:RPAY - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.20 earnings per share (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 analyst estimates of $101.86 million. On average, equities research analysts predict that Repay Holdings Corporation will post 0.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RPAY. 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 lifted their target price on shares of Repay from $3.75 to $4.25 and gave the stock a "neutral" rating in a research report on Wednesday, June 3rd. Weiss Ratings raised shares of Repay from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, August 20th. Finally, DA Davidson restated a "buy" rating and issued a $6.00 price target on shares of Repay in a research report on Wednesday, July 15th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $5.25.

Institutional Trading of Repay

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. HB Wealth Management LLC grew its position in shares of Repay by 4.6% during the 1st quarter. HB Wealth Management LLC now owns 78,151 shares of the company's stock worth $203,000 after buying an additional 3,452 shares during the period. Essential Partners LLC lifted its position in shares of Repay by 69.8% during the 1st quarter. Essential Partners LLC now owns 9,612 shares of the company's stock valued at $25,000 after acquiring an additional 3,950 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Repay during the fourth quarter worth $40,000. Krilogy Financial LLC bought a new position in Repay during the first quarter worth $29,000. Finally, Caerus Investment Advisors LLC acquired a new stake in Repay in the first quarter worth $31,000. Institutional investors and hedge funds 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.

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