Repay (NASDAQ:RPAY) Announces Quarterly Earnings Results
by Amy Steele · The Cerbat GemRepay (NASDAQ:RPAY – Get Free Report) announced its quarterly earnings data on Monday. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22, FiscalAI reports. The firm had revenue of $80.79 million for the quarter, compared to analysts’ expectations of $80.48 million. Repay had a positive return on equity of 9.30% and a negative net margin of 83.01%.
Repay Stock Performance
RPAY stock traded up $0.14 on Monday, reaching $4.00. The company’s stock had a trading volume of 1,417,781 shares, compared to its average volume of 1,579,702. Repay has a 52 week low of $2.30 and a 52 week high of $6.05. The company has a market capitalization of $364.68 million, a P/E ratio of -1.32 and a beta of 1.88. The firm has a fifty day moving average of $3.08 and a two-hundred day moving average of $3.47. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.82 and a quick ratio of 0.82.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. UBS Group lowered their target price on Repay from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Wednesday, March 11th. DA Davidson reaffirmed a “buy” rating and set a $8.00 target price on shares of Repay in a report on Tuesday, April 28th. Canaccord Genuity Group lowered their target price on Repay from $12.00 to $8.00 and set a “buy” rating for the company in a report on Monday, March 16th. Benchmark lowered their target price on Repay from $8.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Finally, Morgan Stanley lowered their target price on Repay from $4.00 to $3.50 and set an “equal weight” rating for the company in a report on Tuesday, March 10th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $5.53.
Check Out Our Latest Stock Report on RPAY
Hedge Funds Weigh In On Repay
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC bought a new position in Repay during the 4th quarter valued at $132,000. Aquatic Capital Management LLC bought a new position in Repay during the 3rd quarter valued at $132,000. State of Wyoming bought a new position in Repay during the 4th quarter valued at $113,000. Merit Financial Group LLC lifted its position in shares of Repay by 56.2% during the 3rd quarter. Merit Financial Group LLC now owns 19,551 shares of the company’s stock valued at $102,000 after acquiring an additional 7,036 shares during the last quarter. Finally, Martingale Asset Management L P lifted its position in shares of Repay by 42.8% during the 4th quarter. Martingale Asset Management L P now owns 24,700 shares of the company’s stock valued at $90,000 after acquiring an additional 7,400 shares during the last quarter. 82.73% of the stock is owned by institutional investors.
About Repay
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.