Repay (NASDAQ:RPAY) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Repay (NASDAQ:RPAY) announced its earnings results on Monday. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01, Briefing.com reports. Repay had a negative net margin of 35.79% and a positive return on equity of 8.89%. The company had revenue of $77.73 million for the quarter, compared to analysts’ expectations of $76.92 million. During the same quarter in the previous year, the company posted $0.23 EPS. The firm’s quarterly revenue was down 1.8% on a year-over-year basis.

Repay Price Performance

Repay stock opened at $3.74 on Tuesday. Repay has a 1 year low of $3.59 and a 1 year high of $9.75. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.85 and a current ratio of 0.85. The company’s 50 day simple moving average is $5.03 and its 200-day simple moving average is $4.92. The company has a market capitalization of $341.61 million, a price-to-earnings ratio of -2.97 and a beta of 1.61.

Insider Buying and Selling

In other Repay news, EVP Jacob Hamilton Moore sold 26,385 shares of Repay stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $5.89, for a total value of $155,407.65. Following the completion of the transaction, the executive vice president directly owned 193,532 shares of the company’s stock, valued at $1,139,903.48. The trade was a 12.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 12.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Repay

A number of institutional investors and hedge funds have recently made changes to their positions in RPAY. Kent Lake PR LLC purchased a new position in shares of Repay during the second quarter worth approximately $7,230,000. AQR Capital Management LLC grew its stake in shares of Repay by 2,421.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,444,545 shares of the company’s stock worth $6,963,000 after purchasing an additional 1,387,260 shares during the period. Jane Street Group LLC increased its holdings in Repay by 773.6% in the second quarter. Jane Street Group LLC now owns 838,492 shares of the company’s stock valued at $4,042,000 after buying an additional 742,513 shares in the last quarter. Bank of America Corp DE increased its stake in Repay by 882.1% in the 2nd quarter. Bank of America Corp DE now owns 789,553 shares of the company’s stock valued at $3,806,000 after purchasing an additional 709,159 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Repay by 108.4% during the 2nd quarter. Marshall Wace LLP now owns 1,096,061 shares of the company’s stock worth $5,283,000 after buying an additional 570,089 shares during the last quarter. 82.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on RPAY shares. Wall Street Zen raised shares of Repay from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Morgan Stanley raised their target price on shares of Repay from $4.50 to $5.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Keefe, Bruyette & Woods upped their price target on Repay from $5.00 to $5.75 and gave the company a “market perform” rating in a research report on Tuesday, August 12th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $12.00 price target on shares of Repay in a report on Tuesday. Finally, DA Davidson lowered their price objective on Repay from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, August 13th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Repay currently has a consensus rating of “Hold” and an average target price of $7.22.

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.