Insider Selling: Repay Holdings Co. (NASDAQ:RPAY) CFO Sells 57,000 Shares of Stock

Repay Holdings Co. (NASDAQ:RPAY - Get Free Report) CFO Timothy John Murphy sold 57,000 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total value of $470,250.00. Following the sale, the chief financial officer now owns 450,879 shares of the company's stock, valued at $3,719,751.75. This trade represents a 11.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Repay Price Performance

NASDAQ:RPAY traded up $0.01 during trading hours on Friday, reaching $8.16. 388,145 shares of the company traded hands, compared to its average volume of 828,851. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. The firm's 50-day moving average is $8.04 and its 200-day moving average is $8.80. The stock has a market cap of $796.69 million, a P/E ratio of -9.33 and a beta of 1.42. Repay Holdings Co. has a 1-year low of $7.04 and a 1-year high of $11.27.

Repay (NASDAQ:RPAY - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The firm had revenue of $79.15 million during the quarter, compared to the consensus estimate of $78.97 million. During the same quarter in the previous year, the company posted $0.16 EPS. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. Equities research analysts expect that Repay Holdings Co. will post 0.72 earnings per share for the current fiscal year.

Institutional Trading of Repay

Hedge funds have recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in shares of Repay by 340.0% during the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company's stock worth $29,000 after purchasing an additional 2,771 shares during the period. nVerses Capital LLC acquired a new position in Repay in the third quarter valued at $59,000. Point72 DIFC Ltd purchased a new position in Repay during the third quarter worth about $99,000. Entropy Technologies LP acquired a new stake in Repay in the 3rd quarter worth about $109,000. Finally, Squarepoint Ops LLC purchased a new stake in Repay in the 2nd quarter valued at about $142,000. Institutional investors and hedge funds own 82.73% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a "buy" rating and issued a $13.00 price target on shares of Repay in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $12.83.

About Repay

Repay Holdings Corporation, payments technology company, provides integrated payment processing solutions to industry-oriented markets in the United States. It operates through two segments: Consumer Payments and Business Payments. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods.

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