Repay (NASDAQ:RPAY) Posts Quarterly Earnings Results, Meets Estimates

Key Points

• Repay met estimates with Q EPS of $0.22 (consensus $0.22) and revenue of $80.79M (consensus $80.48M), but reported a negative net margin of 83.01%.
• Shares traded up to $4.00 on about 1.31M volume, valuing the company at $364.68M with a negative trailing P/E (-1.32) and tight liquidity (current and quick ratios of 0.82).
• Analyst and ownership backdrop: consensus rating is "Hold" with an average price target of $5.53 after several price-target cuts, and institutional investors own roughly 82.73% of the stock.

Repay (NASDAQ:RPAY - Get Free Report) announced its earnings results on Monday. The company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22, FiscalAI reports. The business had revenue of $80.79 million during the quarter, compared to the consensus estimate of $80.48 million. Repay had a negative net margin of 83.01% and a positive return on equity of 9.30%.

Repay Price Performance

Shares of NASDAQ:RPAY traded up $0.14 during trading on Monday, reaching $4.00. 1,310,311 shares of the company traded hands, compared to its average volume of 1,572,713. The company's 50 day moving average is $3.08 and its two-hundred day moving average is $3.47. The firm has a market capitalization of $364.68 million, a PE ratio of -1.32 and a beta of 1.88. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.58. Repay has a 52 week low of $2.30 and a 52 week high of $6.05.

Institutional Trading of Repay

A number of institutional investors have recently modified their holdings of the stock. Quarry LP bought a new stake in shares of Repay during the 3rd quarter worth approximately $26,000. Jain Global LLC bought a new stake in shares of Repay during the 4th quarter worth approximately $40,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Repay by 224.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,433 shares of the company's stock worth $50,000 after acquiring an additional 7,217 shares during the period. Captrust Financial Advisors bought a new stake in shares of Repay during the 2nd quarter worth approximately $62,000. Finally, DRW Securities LLC bought a new stake in shares of Repay during the 4th quarter worth $65,000. 82.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on RPAY. Canaccord Genuity Group reduced their target price on shares of Repay from $12.00 to $8.00 and set a "buy" rating for the company in a report on Monday, March 16th. Morgan Stanley reduced their price target on Repay from $4.00 to $3.50 and set an "equal weight" rating for the company in a research note on Tuesday, March 10th. DA Davidson restated a "buy" rating and issued a $8.00 price target on shares of Repay in a research note on Tuesday, April 28th. UBS Group reduced their price target on Repay from $4.00 to $3.50 and set a "neutral" rating for the company in a research note on Wednesday, March 11th. Finally, Benchmark reduced their price target on Repay from $8.00 to $6.00 and set a "buy" rating for the company in a research note on Tuesday, March 10th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $5.53.

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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