Repay Holdings Corporation (NASDAQ:RPAY – Get Free Report) General Counsel Tyler Dempsey sold 8,392 shares of the company’s stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $4.00, for a total transaction of $33,568.00. Following the sale, the general counsel directly owned 446,747 shares in the company, valued at $1,786,988. This trade represents a 1.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Repay Trading Up 4.8%
Repay stock traded up $0.19 during trading hours on Thursday, reaching $4.19. 438,245 shares of the company’s stock were exchanged, compared to its average volume of 969,651. The firm’s 50 day simple moving average is $3.79 and its 200 day simple moving average is $3.66. Repay Holdings Corporation has a twelve month low of $2.30 and a twelve month high of $5.25. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $398.67 million, a PE ratio of -2.05 and a beta of 1.89.
Repay (NASDAQ:RPAY – Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Repay had a negative net margin of 49.57% and a positive return on equity of 11.03%. The business had revenue of $100.71 million during the quarter, compared to analyst estimates of $101.86 million. Research analysts predict that Repay Holdings Corporation will post 0.88 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its stake in Repay by 79.6% during the 1st quarter. Bank of America Corp DE now owns 495,656 shares of the company’s stock valued at $1,289,000 after purchasing an additional 219,747 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Repay during the second quarter valued at approximately $842,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Repay during the first quarter valued at approximately $217,000. Inspire Investing LLC grew its holdings in Repay by 45.2% during the first quarter. Inspire Investing LLC now owns 187,443 shares of the company’s stock worth $487,000 after buying an additional 58,317 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in Repay by 9.9% during the first quarter. Empowered Funds LLC now owns 510,504 shares of the company’s stock worth $1,327,000 after buying an additional 45,939 shares in the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have issued reports on RPAY. DA Davidson restated a “buy” rating and set a $6.00 price target on shares of Repay in a report on Wednesday, July 15th. Canaccord Genuity Group reiterated a “buy” rating and issued a $8.00 price objective on shares of Repay in a research note on Wednesday, August 19th. Finally, Weiss Ratings upgraded shares of Repay from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 20th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $5.25.
Read Our Latest Stock Analysis on Repay
About Repay
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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