Repay (NASDAQ:RPAY) Announces Earnings Results, Misses Expectations By $0.02 EPS

Repay (NASDAQ:RPAYGet Rating) posted its earnings results on Tuesday. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02), MarketWatch Earnings reports. Repay had a negative net margin of 22.84% and a positive return on equity of 6.83%. The firm had revenue of $67.56 million for the quarter, compared to analysts’ expectations of $67.36 million. During the same period in the previous year, the company earned $0.13 EPS. The company’s revenue was up 42.2% on a year-over-year basis. Repay updated its FY 2022 guidance to EPS.

NASDAQ:RPAY opened at $12.08 on Wednesday. The firm has a market capitalization of $1.09 billion, a P/E ratio of -19.80 and a beta of 0.75. Repay has a 1-year low of $11.82 and a 1-year high of $25.75. The company’s fifty day moving average price is $14.37 and its 200-day moving average price is $16.77. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.04 and a quick ratio of 1.04.

In other news, EVP Naomi Barnett sold 6,500 shares of the stock in a transaction on Wednesday, March 9th. The shares were sold at an average price of $14.72, for a total value of $95,680.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.66% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc purchased a new stake in Repay during the fourth quarter worth $36,000. Advisor Group Holdings Inc. boosted its holdings in Repay by 42.2% during the first quarter. Advisor Group Holdings Inc. now owns 2,884 shares of the company’s stock worth $62,000 after buying an additional 856 shares in the last quarter. UBS Group AG boosted its holdings in Repay by 26.1% during the third quarter. UBS Group AG now owns 6,807 shares of the company’s stock worth $157,000 after buying an additional 1,407 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Repay during the fourth quarter worth $183,000. Finally, Susquehanna International Group LLP boosted its holdings in Repay by 492.1% during the fourth quarter. Susquehanna International Group LLP now owns 17,860 shares of the company’s stock worth $326,000 after buying an additional 22,415 shares in the last quarter.

A number of research analysts have issued reports on the stock. TheStreet lowered shares of Repay from a “c-” rating to a “d+” rating in a research note on Monday, March 14th. Credit Suisse Group cut their price target on shares of Repay from $27.00 to $24.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 2nd. Citigroup cut their price target on shares of Repay from $26.00 to $24.00 in a research note on Wednesday, January 19th. Zacks Investment Research lowered shares of Repay from a “buy” rating to a “hold” rating in a research note on Friday, March 11th. Finally, Morgan Stanley cut their price target on shares of Repay from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $22.33.

About Repay (Get Rating)

Repay Holdings Corporation provides integrated payment processing solutions to industry-oriented markets. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods. It also offers a range of solutions relating to electronic payment methods, including credit and debit processing, virtual credit card processing, automated clearing house (ACH) processing, enhanced ACH processing, and instant funding that are processed through its proprietary payment channels, such as Web-based, mobile application, text-to-pay, interactive voice response, and point of sale.

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Earnings History for Repay (NASDAQ:RPAY)

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