Repay (NASDAQ:RPAY) Posts Quarterly Earnings Results

Repay (NASDAQ:RPAY) announced its earnings results 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 firm had revenue of $79.15 million during the quarter, compared to analysts’ expectations 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 revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS. Repay updated its FY 2024 guidance to EPS.

Repay Stock Down 1.4 %

RPAY opened at $8.67 on Thursday. Repay has a one year low of $6.93 and a one year high of $11.27. The company has a market cap of $847.49 million, a price-to-earnings ratio of -9.97 and a beta of 1.44. The business’s fifty day moving average is $8.08 and its two-hundred day moving average is $9.12. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.83 and a current ratio of 3.83.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Canaccord Genuity Group restated a “buy” rating and issued a $13.00 price objective on shares of Repay in a research note on Wednesday. Barclays dropped their price target 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. Finally, Benchmark reiterated a “buy” rating and set a $13.00 target price on shares of Repay in a research report on Tuesday, August 13th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Repay 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 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 transaction of $1,750,351.92. Following the sale, the executive vice president now owns 240,130 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 269,524 shares of company stock worth $2,222,784 in the last three months. 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.