Repay Holdings Corporation (NASDAQ:RPAY - Get Free Report) General Counsel Tyler Dempsey sold 25,000 shares of the firm'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 value of $118,750.00. Following the completion of the sale, the general counsel directly owned 416,251 shares in the company, valued at approximately $1,977,192.25. This trade represents a 5.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Repay Stock Performance
NASDAQ:RPAY traded down $0.16 during midday trading on Friday, reaching $4.40. 526,459 shares of the company traded hands, compared to its average volume of 367,842. The firm has a market capitalization of $418.66 million, a price-to-earnings ratio of -2.16 and a beta of 1.92. The company has a fifty day moving average price of $3.98 and a 200 day moving average price 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. Repay Holdings Corporation has a twelve month low of $2.30 and a twelve month high of $4.80.
Repay (NASDAQ:RPAY - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $100.71 million during the quarter, compared to analyst estimates 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 fiscal year.
Analysts Set New Price Targets
Several brokerages have commented on RPAY. DA Davidson restated a "buy" rating and issued a $6.00 price target on shares of Repay in a research note on Wednesday, July 15th. Canaccord Genuity Group reiterated a "buy" rating and set a $8.00 price objective on shares of Repay in a research report on Friday, October 16th. Finally, Weiss Ratings raised Repay from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, August 20th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Repay currently has a consensus rating of "Hold" and a consensus target price of $5.25.
View Our Latest Stock Report on Repay
Institutional Investors Weigh In On Repay
Several institutional investors have recently bought and sold shares of RPAY. Essential Partners LLC grew its position 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. Caerus Investment Advisors LLC bought a new stake in shares of Repay during the 1st quarter worth about $31,000. Chicago Partners Investment Group LLC bought a new stake in shares of Repay during the 1st quarter worth about $36,000. Corient Private Wealth LP bought a new stake in shares of Repay during the 2nd quarter worth about $50,000. Finally, StoneX Group Inc. acquired a new stake in shares of Repay in the 3rd quarter worth approximately $70,000. Institutional investors and hedge funds own 82.73% of the company's stock.
Repay Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
