Repay (NASDAQ:RPAY) Posts Earnings Results, Misses Estimates By $0.01 EPS

Key Points

• Repay missed quarterly expectations: The fintech company reported EPS of $0.20, $0.01 below consensus, while revenue of $100.71 million also fell short of analysts’ $101.86 million estimate.
• Shares declined $0.12 to $3.83 following the results. Repay has a $363.7 million market capitalization and trades near the middle of its 52-week range of $2.30 to $6.05.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $5.32; institutional investors own 82.73% of the stock.

Repay (NASDAQ:RPAY - Get Free Report) issued its quarterly earnings results on Monday. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01), FiscalAI reports. The business had revenue of $100.71 million for the quarter, compared to analyst estimates of $101.86 million. Repay had a positive return on equity of 10.45% and a negative net margin of 82.73%.

Repay Stock Performance

Shares of Repay stock traded down $0.12 on Monday, reaching $3.83. 433,041 shares of the stock were exchanged, compared to its average volume of 1,143,346. The business has a 50 day moving average price of $3.78 and a two-hundred day moving average price of $3.43. The firm has a market capitalization of $363.70 million, a price-to-earnings 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 company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.82.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Repay

A number of institutional investors have recently bought and sold shares of RPAY. Millennium Management LLC boosted its holdings in shares of Repay by 24.6% in the 1st quarter. Millennium Management LLC now owns 2,166,100 shares of the company's stock valued at $12,065,000 after acquiring an additional 428,289 shares during the last quarter. Empowered Funds LLC lifted its position in Repay by 4.6% during the first quarter. Empowered Funds LLC now owns 497,625 shares of the company's stock valued at $2,772,000 after purchasing an additional 21,807 shares during the period. Jane Street Group LLC lifted its position in Repay by 57.6% during the first quarter. Jane Street Group LLC now owns 95,979 shares of the company's stock valued at $535,000 after purchasing an additional 35,068 shares during the period. Creative Planning boosted its holdings in Repay by 13.0% in the second quarter. Creative Planning now owns 64,340 shares of the company's stock valued at $310,000 after purchasing an additional 7,381 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Repay by 31.5% in the second quarter. Rhumbline Advisers now owns 174,531 shares of the company's stock valued at $841,000 after purchasing an additional 41,816 shares during the last quarter. 82.73% of the stock is owned by hedge funds and other 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.

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