Key Points
- Repay General Counsel Tyler Dempsey sold 4,886 shares at an average price of $4.00, generating $19,544. Following the transaction, Dempsey retained 441,861 shares, a 1.09% reduction in ownership.
- RPAY shares opened at $4.19, up 4.8%, with a market capitalization of approximately $398.7 million. The stock has traded between $2.30 and $5.25 over the past year.
- Repay’s latest quarterly results narrowly missed 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 rating of “Hold” and an average price target of $5.25.
Repay Holdings Corporation (NASDAQ:RPAY - Get Free Report) General Counsel Tyler Dempsey sold 4,886 shares of the company's stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $4.00, for a total value of $19,544.00. Following the completion of the transaction, the general counsel owned 441,861 shares of the company's stock, valued at $1,767,444. The trade was a 1.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Repay Stock Up 4.8%
Shares of RPAY stock opened at $4.19 on Friday. Repay Holdings Corporation has a one year low of $2.30 and a one year high of $5.25. 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 stock has a fifty day moving average price of $3.80 and a 200 day moving average price of $3.66. The stock has a market cap of $398.68 million, a P/E ratio of 6.25 and a beta of 1.89.
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). The business had revenue of $100.71 million during the quarter, compared to the consensus estimate of $101.86 million. Repay had a negative net margin of 49.57% and a positive return on equity of 11.03%. Analysts predict that Repay Holdings Corporation will post 0.88 earnings per share for the current year.
Hedge Funds Weigh In On Repay
Several hedge funds and other institutional investors have recently modified their holdings of RPAY. HB Wealth Management LLC lifted 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 boosted 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 in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Repay in the fourth quarter valued at $40,000. Krilogy Financial LLC bought a new stake in Repay in the first quarter valued at $29,000. Finally, Caerus Investment Advisors LLC bought a new stake in Repay in the first quarter valued at $31,000. Institutional investors own 82.73% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Repay from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Thursday, August 20th. Canaccord Genuity Group reissued a "buy" rating and issued a $8.00 target price on shares of Repay in a research note on Wednesday, August 19th. Finally, DA Davidson reissued a "buy" rating and issued a $6.00 price target on shares of Repay in a research report on Wednesday, July 15th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Repay has an average rating of "Hold" and a consensus target price of $5.25.
Check Out Our Latest Stock Analysis on RPAY
Repay Company Profile
(
Get Free Report)
Repay Holdings Corporation, doing business as REPAY, is a financial technology company that provides integrated payment processing and accounts receivable management solutions. Its platform helps businesses accept, process and reconcile electronic payments through channels such as automated clearing house (ACH) transactions, debit and credit cards, digital wallets, online portals, text messages and interactive voice response systems.
REPAY serves organizations in several specialized industries, including consumer finance, automotive lending, healthcare, education, property management, government and business-to-business payments.
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