Repay (NASDAQ:RPAY) Issues Quarterly Earnings Results

Repay (NASDAQ:RPAY) released its earnings results on Tuesday. The company reported $0.23 earnings per share (EPS) 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 the consensus estimate of $78.97 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. Repay updated its FY 2024 guidance to EPS.

Repay Trading Down 7.8 %

RPAY opened at $7.99 on Friday. The stock has a 50-day moving average of $8.08 and a 200-day moving average of $9.12. The company has a current ratio of 2.70, a quick ratio of 3.83 and a debt-to-equity ratio of 0.64. Repay has a 52-week low of $7.03 and a 52-week high of $11.27.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on RPAY shares. Benchmark reiterated a “buy” rating and set a $13.00 price objective on shares of Repay in a report on Tuesday, August 13th. Barclays cut 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. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $13.00 price target on shares of Repay in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.29.

Insider Activity at Repay

In other Repay news, EVP Jacob Hamilton Moore sold 7,198 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $8.18, for a total transaction of $58,879.64. Following the completion of the transaction, the executive vice president now owns 140,130 shares of the company’s stock, valued at $1,146,263.40. The trade was a 4.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have sold 269,524 shares of company stock valued at $2,222,784. Corporate 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.