Repay (NASDAQ:RPAY) Posts Quarterly Earnings Results, Hits Expectations

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

Repay Stock Performance

Shares of NASDAQ RPAY traded down $0.68 during trading hours on Thursday, hitting $7.99. 1,150,869 shares of the company’s stock were exchanged, compared to its average volume of 840,356. Repay has a 1-year low of $7.03 and a 1-year high of $11.27. 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 stock has a market capitalization of $781.01 million, a price-to-earnings ratio of -9.18 and a beta of 1.44. The company’s 50-day moving average price is $8.08 and its 200-day moving average price is $9.12.

Analyst Upgrades and Downgrades

RPAY has been the subject of a number of research analyst reports. Benchmark restated a “buy” rating and set a $13.00 target price on shares of Repay in a report on Tuesday, August 13th. Barclays lowered their target price on Repay from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, August 12th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $13.00 target price on shares of Repay in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.29.

Insider Buying and Selling

In related news, EVP Jacob Hamilton Moore sold 7,198 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $8.18, for a total transaction of $58,879.64. Following the transaction, the executive vice president now directly owns 140,130 shares in the company, valued at $1,146,263.40. The trade was a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders sold 269,524 shares of company stock valued at $2,222,784. Insiders own 11.00% of the company’s stock.

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.