Repay (NASDAQ:RPAY) Releases Quarterly Earnings Results

Repay (NASDAQ:RPAY - Get Free Report) released its earnings results on Monday. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05), Zacks reports. Repay had a positive return on equity of 8.73% and a negative net margin of 25.53%. The business had revenue of $78.27 million during the quarter, compared to analysts' expectations of $82.56 million. During the same period last year, the business earned $0.27 earnings per share.

Repay Trading Down 4.6 %

NASDAQ RPAY traded down $0.29 on Thursday, reaching $5.96. The stock had a trading volume of 1,060,041 shares, compared to its average volume of 516,506. The firm has a market capitalization of $581.89 million, a price-to-earnings ratio of -6.85 and a beta of 1.54. The company has a quick ratio of 2.70, a current ratio of 2.70 and a debt-to-equity ratio of 0.64. Repay has a 12-month low of $5.93 and a 12-month high of $11.27. The stock has a fifty day moving average price of $7.36 and a two-hundred day moving average price of $7.84.

Insider Buying and Selling at Repay

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total value of $470,250.00. Following the sale, the chief financial officer now owns 450,879 shares of the company's stock, valued at $3,719,751.75. The trade was a 11.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.00% of the stock is owned by corporate insiders.

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Analyst Ratings Changes

RPAY has been the topic of a number of research reports. Canaccord Genuity Group decreased their target price on shares of Repay from $13.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday. Stephens reaffirmed an "overweight" rating and set a $11.00 price target on shares of Repay in a research report on Tuesday. UBS Group reduced their price target on shares of Repay from $9.50 to $7.50 and set a "neutral" rating on the stock in a research report on Tuesday. Keefe, Bruyette & Woods reduced their price target on shares of Repay from $9.00 to $8.00 and set a "market perform" rating on the stock in a research report on Monday, January 6th. Finally, BMO Capital Markets reduced their price target on shares of Repay from $10.00 to $8.00 and set a "market perform" rating on the stock in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Repay has a consensus rating of "Moderate Buy" and an average price target of $10.56.

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.