Repay Holdings Corporation, trading under the symbol NASDAQ:RPAY, announced its quarterly earnings on Monday, revealing earnings per share (EPS) of $0.17. This figure fell short of analysts’ expectations, which had predicted an EPS of $0.20, marking a miss of $0.03 according to Zacks Investment Research.
The company reported a negative net margin of 35.79% alongside a positive return on equity of 8.89%. In response to the earnings report, shares of Repay saw a decline of 1.6% during trading hours, closing at $3.74. Trading volume reached 1,589,839 shares, significantly surpassing the average volume of 1,172,284.
Repay currently holds a market capitalization of $341.61 million and a price-to-earnings ratio of -2.97. The stock has demonstrated volatility, with a fifty-day moving average price of $5.08 and a two-hundred-day moving average of $4.92. Over the past year, its share price has fluctuated between a low of $3.59 and a high of $9.75. The company’s debt-to-equity ratio stands at 0.44, while both its quick and current ratios are 0.85.
Insider Transactions and Analyst Ratings
In related news, Jacob Hamilton Moore, the Executive Vice President, sold 26,385 shares of Repay stock on September 12, 2023. The shares were sold at an average price of $5.89, totaling approximately $155,407.65. Following this transaction, Moore retains ownership of 193,532 shares, valued at around $1,139,903.48, representing a 12.00% decrease in his holdings. This transaction was disclosed in a filing with the Securities and Exchange Commission.
Insider ownership stands at 12.00% of the company’s stock.
Several equities research analysts have recently updated their ratings on Repay shares. Keefe, Bruyette & Woods raised their target price from $5.00 to $5.75, assigning a “market perform” rating on August 12, 2023. Additionally, UBS Group lifted their price objective from $4.50 to $5.75, giving the company a “neutral” rating the following day. On the other hand, Weiss Ratings maintained a “sell (d-)” rating in their report on November 5, 2023.
Meanwhile, Canaccord Genuity Group reaffirmed a “buy” rating while setting a target price of $12.00. Morgan Stanley also increased their price target from $4.50 to $5.00, giving the shares an “equal weight” rating. Currently, four analysts have rated the stock as a buy, five as hold, and one as sell. The average rating remains “hold” with a target price of approximately $7.22 based on data from MarketBeat.
Repay Holdings Corporation specializes in integrated payment processing solutions, operating primarily in the United States. The firm provides services through two main segments: Consumer Payments and Business Payments, facilitating electronic payment methods for both consumers and businesses.
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