Repay Holdings Co. (NASDAQ:RPAY) CFO Timothy John Murphy Sells 57,000 Shares

Repay Holdings Co. (NASDAQ:RPAY) CFO Timothy John Murphy sold 57,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $8.25, for a total transaction of $470,250.00. Following the completion of the sale, the chief financial officer now owns 450,879 shares in the company, valued at $3,719,751.75. This represents a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Repay Price Performance

Shares of Repay stock opened at $8.16 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.70 and a current ratio of 2.70. Repay Holdings Co. has a one year low of $7.04 and a one year high of $11.27. The stock’s 50-day moving average is $8.04 and its 200-day moving average is $8.78.

Repay (NASDAQ:RPAY) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. 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 prior year, the firm posted $0.16 EPS. The business’s revenue was up 6.5% on a year-over-year basis. Research analysts anticipate that Repay Holdings Co. will post 0.72 earnings per share for the current year.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued 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 company. According to MarketBeat.com, Repay presently has an average rating of “Moderate Buy” and an average target price of $12.83.

Institutional Investors Weigh In On Repay

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in shares of Repay by 340.0% in the 3rd quarter. Blue Trust Inc. now owns 3,586 shares of the company’s stock valued at $29,000 after acquiring an additional 2,771 shares in the last quarter. nVerses Capital LLC acquired a new position in Repay during the third quarter valued at approximately $59,000. Point72 DIFC Ltd acquired a new position in shares of Repay during the 3rd quarter worth approximately $99,000. Entropy Technologies LP bought a new stake in shares of Repay during the 3rd quarter worth approximately $109,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Repay in the 2nd quarter valued at approximately $142,000. 82.73% of the stock is currently owned by institutional investors and hedge funds.

Repay Company Profile

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.