Repay (NASDAQ:RPAY) Posts Earnings Results

Repay (NASDAQ:RPAY) issued its quarterly earnings results on Tuesday. The company reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23, Briefing.com reports. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. The company had revenue of $79.15 million during the quarter, compared to analyst estimates of $78.97 million. During the same period in the prior year, the business posted $0.16 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Repay updated its FY 2024 guidance to EPS.

Repay Price Performance

Shares of NASDAQ RPAY opened at $7.99 on Friday. The company has a quick ratio of 3.83, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. Repay has a 12 month low of $7.03 and a 12 month high of $11.27. The business has a fifty day simple moving average of $8.08 and a 200-day simple moving average of $9.12.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RPAY shares. Barclays decreased their price target on Repay from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 target price on shares of Repay in a research note on Wednesday. Finally, Benchmark reiterated a “buy” rating and issued a $13.00 price target 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.29.

Insider Buying and Selling

In related news, EVP Jacob Hamilton Moore sold 210,632 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $8.31, for a total value of $1,750,351.92. Following the completion of the transaction, the executive vice president now owns 240,130 shares of the company’s stock, valued at approximately $1,995,480.30. This trade represents a 46.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 269,524 shares of company stock valued at $2,222,784. 11.00% of the stock is owned by corporate insiders.

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.