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

Repay (NASDAQ:RPAY) posted its earnings results on Tuesday. The company reported $0.23 earnings per share for the quarter, meeting the consensus estimate 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 for the quarter, compared to analyst estimates of $78.97 million. During the same quarter in the previous year, the business posted $0.16 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. Repay updated its FY 2024 guidance to EPS.

Repay Trading Down 1.4 %

Shares of NASDAQ:RPAY opened at $8.67 on Thursday. Repay has a twelve month low of $6.93 and a twelve month high of $11.27. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.52. The firm has a market cap of $847.49 million, a P/E ratio of -9.97 and a beta of 1.44. The company has a 50 day moving average of $8.08 and a 200-day moving average of $9.12.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on RPAY shares. 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 report on Monday, August 12th. Canaccord Genuity Group reiterated a “buy” rating and set a $13.00 price objective on shares of Repay in a research note on Wednesday. Finally, Benchmark reaffirmed a “buy” rating and issued a $13.00 target price on shares of Repay in a research report on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $12.29.

Insiders Place Their Bets

In other news, EVP Jacob Hamilton Moore sold 51,694 shares of Repay stock in a transaction on Friday, September 13th. The stock was sold at an average price of $8.00, for a total transaction of $413,552.00. Following the transaction, the executive vice president now directly owns 140,130 shares in the company, valued at approximately $1,121,040. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 269,524 shares of company stock worth $2,222,784 over the last ninety days. Company insiders own 11.00% of the company’s stock.

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.