Repay (NASDAQ:RPAY) Announces Quarterly Earnings Results

Repay (NASDAQ:RPAY) issued its quarterly 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 negative net margin of 25.53% and a positive return on equity of 8.73%.

Repay Trading Down 1.2 %

Repay stock traded down $0.09 during midday trading on Monday, reaching $7.12. The stock had a trading volume of 783,010 shares, compared to its average volume of 454,778. The firm’s fifty day simple moving average is $7.47 and its two-hundred day simple moving average is $7.89. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. Repay has a twelve month low of $7.08 and a twelve month high of $11.27. The firm has a market cap of $695.15 million, a price-to-earnings ratio of -8.18 and a beta of 1.43.

Insider Activity

In other Repay news, CFO Timothy John Murphy sold 57,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $8.25, for a total transaction of $470,250.00. Following the completion of the sale, the chief financial officer now directly owns 450,879 shares in the company, valued at approximately $3,719,751.75. This trade represents a 11.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on RPAY. DA Davidson reissued a “buy” rating and set a $14.00 target price on shares of Repay in a research note on Thursday. Keefe, Bruyette & Woods cut their price objective on Repay from $9.00 to $8.00 and set a “market perform” rating for the company in a research report on Monday, January 6th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $13.00 target price on shares of Repay in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.00.

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.