Repay (NASDAQ:RPAY) Posts Quarterly Earnings Results

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

Repay Price Performance

RPAY traded up $0.20 during trading on Wednesday, reaching $8.99. The stock had a trading volume of 655,001 shares, compared to its average volume of 836,523. The stock has a market cap of $878.77 million, a PE ratio of -10.75 and a beta of 1.44. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.83 and a current ratio of 3.83. Repay has a one year low of $6.93 and a one year high of $11.27. The business has a 50-day moving average of $8.07 and a 200-day moving average of $9.12.

Insider Activity at Repay

In related news, EVP Jacob Hamilton Moore sold 210,632 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $8.31, for a total value of $1,750,351.92. Following the transaction, the executive vice president now owns 240,130 shares of the company’s stock, valued at $1,995,480.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 269,524 shares of company stock valued at $2,222,784 over the last 90 days. 11.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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