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

Repay (NASDAQ:RPAY) announced its quarterly earnings data on Tuesday. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23, Briefing.com reports. The company 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 firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 EPS. Repay updated its FY 2024 guidance to EPS.

Repay Stock Up 2.3 %

RPAY traded up $0.20 during midday trading on Wednesday, reaching $8.99. 655,001 shares of the company were exchanged, compared to its average volume of 836,523. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.83 and a current ratio of 3.83. The company’s fifty day moving average price is $8.07 and its 200 day moving average price is $9.12. The company has a market cap of $878.77 million, a price-to-earnings ratio of -10.75 and a beta of 1.44. Repay has a one year low of $6.93 and a one year high of $11.27.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, EVP Jacob Hamilton Moore sold 7,198 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $8.18, for a total value of $58,879.64. Following the completion of the transaction, the executive vice president now directly owns 140,130 shares of the company’s stock, valued at $1,146,263.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 269,524 shares of company stock valued at $2,222,784. Corporate 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.