Repay Holdings Corporation (NASDAQ: RPAY) released its quarterly earnings on Monday, reporting earnings per share (EPS) of $0.17 for the period. This figure fell short of analysts’ consensus estimate of $0.20 by $0.03, according to data from Zacks Investment Research. The company’s financial performance revealed a negative net margin of 35.79% alongside a positive return on equity of 8.89%.
Despite the earnings miss, shares of Repay experienced a slight decline of 1.6%, trading down $0.06 to close at $3.74 during Monday’s trading session. The volume of shares traded reached 1,589,839, significantly higher than the average volume of 1,172,284. Currently, Repay holds a market capitalization of $341.61 million, a price-to-earnings ratio of -2.97, and a beta of 1.61. The company’s stock has fluctuated within a 52-week range, with a low of $3.59 and a high of $9.75.
Financial Metrics and Insider Transactions
Repay’s financial indicators reflect a debt-to-equity ratio of 0.44, with both a quick ratio and current ratio standing at 0.85. In other developments, Executive Vice President Jacob Hamilton Moore sold 26,385 shares of the company on September 12, 2023. The transaction, which occurred at an average price of $5.89, totaled approximately $155,407.65. After this sale, Moore holds 193,532 shares, valued at roughly $1,139,903.48, marking a 12.00% reduction in his ownership stake.
Analyst Ratings and Market Outlook
The recent earnings announcement prompted various analysts to reassess Repay’s stock. Keefe, Bruyette & Woods raised its target price from $5.00 to $5.75, maintaining a “market perform” rating. Similarly, UBS Group increased its price objective from $4.50 to $5.75 and assigned a “neutral” rating. Conversely, Weiss Ratings reiterated a “sell (d-)” rating, while Canaccord Genuity Group reaffirmed a “buy” rating and set a target price of $12.00. Currently, four analysts have rated Repay as a “buy,” five as a “hold,” and one as a “sell,” resulting in an average rating of “hold” and an average target price of $7.22, according to MarketBeat data.
Repay Holdings Corporation focuses on providing integrated payment processing solutions across various industry-oriented markets in the United States. The company operates through two segments: Consumer Payments and Business Payments, enabling both consumers and businesses to make electronic payments effectively.
As the company navigates the current financial landscape, investors and analysts will be closely monitoring its performance and any strategic moves that may arise in response to this latest earnings report.
