Repay (NASDAQ:RPAY) Announces Quarterly Earnings Results, Meets Expectations

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

Repay Trading Down 7.8 %

NASDAQ:RPAY traded down $0.68 during trading hours on Thursday, reaching $7.99. The company’s stock had a trading volume of 1,150,869 shares, compared to its average volume of 840,356. The firm has a market capitalization of $781.01 million, a price-to-earnings ratio of -9.18 and a beta of 1.44. The firm has a 50-day simple moving average of $8.08 and a 200-day simple moving average of $9.12. 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 quick ratio of 3.83 and a current ratio of 3.83.

Insider Buying and Selling at Repay

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 shares were sold at an average price of $8.18, for a total value of $58,879.64. Following the transaction, the executive vice president now owns 140,130 shares in the company, valued at approximately $1,146,263.40. This represents a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 269,524 shares of company stock worth $2,222,784. 11.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

About Repay

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.