Repay (NASDAQ:RPAY) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Repay (NASDAQ:RPAY) announced its quarterly earnings results on Monday. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01), FiscalAI reports. The company had revenue of $100.71 million for the quarter, compared to analysts’ expectations of $101.86 million. Repay had a negative net margin of 82.73% and a positive return on equity of 10.45%.

Repay Price Performance

NASDAQ:RPAY traded down $0.12 during trading hours on Monday, reaching $3.83. 433,041 shares of the company were exchanged, compared to its average volume of 1,143,346. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.82. The firm has a market cap of $363.70 million, a PE ratio of -1.25 and a beta of 1.83. Repay has a twelve month low of $2.30 and a twelve month high of $6.05. The stock’s 50-day moving average is $3.78 and its 200-day moving average is $3.43.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Stephens lowered Repay from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $7.00 to $3.75 in a research report on Tuesday, May 5th. Weiss Ratings lowered shares of Repay from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday. DA Davidson reissued a “buy” rating and set a $6.00 price target on shares of Repay in a report on Wednesday, July 15th. Finally, UBS Group raised their price target on shares of Repay from $3.75 to $4.25 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Repay has a consensus rating of “Hold” and a consensus price target of $5.32.

Institutional Trading of Repay

Institutional investors and hedge funds have recently modified their holdings of the stock. Invesco Ltd. raised its position in shares of Repay by 9.9% during the 4th quarter. Invesco Ltd. now owns 216,407 shares of the company’s stock worth $790,000 after purchasing an additional 19,494 shares during the last quarter. XTX Topco Ltd acquired a new stake in Repay in the 4th quarter worth about $382,000. nVerses Capital LLC purchased a new stake in Repay during the 4th quarter worth approximately $132,000. Odyssean LLC purchased a new stake in Repay during the 4th quarter worth approximately $232,000. Finally, Inspire Investing LLC raised its holdings in shares of Repay by 48.1% during the fourth quarter. Inspire Investing LLC now owns 129,126 shares of the company’s stock valued at $471,000 after acquiring an additional 41,931 shares during the last quarter. Hedge funds and other institutional investors own 82.73% of the company’s stock.

Repay Company Profile

Repay Holdings Corp. (Nasdaq: RPAY) is a specialized financial technology company that delivers integrated payment solutions to businesses operating within key vertical markets. The company’s platform enables merchants and service providers to accept a range of payment types, including credit and debit cards, automated clearing house (ACH) transfers and electronic checks. Repay’s offerings are designed to seamlessly integrate with third-party software applications, such as enterprise resource planning, customer relationship management and point-of-sale systems, empowering industries such as utilities, telecommunications, automotive finance, healthcare, insurance, property management and education.

Tracing its roots to the formation of Pinnacle Payment Systems in 1997, Repay expanded its capabilities through strategic acquisitions, including Southeastern Integrated Solutions and Payliance, before completing a business combination with Thunder Bridge Acquisition II in 2019 to become a publicly traded company on the Nasdaq.