Repay (NASDAQ:RPAY) Releases Earnings Results, Meets Estimates

Repay (NASDAQ:RPAY) announced its earnings results on Tuesday. The company reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23, Briefing.com reports. The business had revenue of $79.15 million for the quarter, compared to analysts’ expectations of $78.97 million. Repay had a negative net margin of 25.53% and a positive return on equity of 8.58%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 EPS. Repay updated its FY 2024 guidance to EPS.

Repay Stock Up 2.6 %

RPAY traded up $0.23 on Wednesday, reaching $9.02. 623,294 shares of the company traded hands, compared to its average volume of 836,379. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.83 and a quick ratio of 3.83. The company has a market cap of $881.71 million, a price-to-earnings ratio of -10.75 and a beta of 1.44. The stock’s 50 day moving average price is $8.07 and its 200-day moving average price is $9.12. Repay has a 52-week low of $6.93 and a 52-week high of $11.27.

Insider Activity

In other news, EVP Jacob Hamilton Moore sold 210,632 shares of Repay stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $8.31, for a total value of $1,750,351.92. Following the sale, the executive vice president now directly owns 240,130 shares in the company, valued at $1,995,480.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 269,524 shares of company stock worth $2,222,784. Company insiders own 11.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Barclays dropped their price objective on shares of Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Monday, August 12th. Benchmark restated a “buy” rating and set a $13.00 target price on shares of Repay in a research report on Tuesday, August 13th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $13.00 target price on shares of Repay in a research report on Wednesday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Repay presently has an average rating of “Moderate Buy” and a consensus price target of $12.29.

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.