Repay (NASDAQ:RPAY) Issues Quarterly Earnings Results

Repay (NASDAQ:RPAY) released its earnings results on Monday. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03), Zacks reports. Repay had a negative net margin of 35.79% and a positive return on equity of 8.89%.

Repay Price Performance

Shares of NASDAQ RPAY traded down $0.06 during mid-day trading on Monday, reaching $3.74. The company’s stock had a trading volume of 1,589,839 shares, compared to its average volume of 1,172,284. The stock has a fifty day moving average of $5.08 and a two-hundred day moving average of $4.92. The firm has a market capitalization of $341.61 million, a PE ratio of -2.97 and a beta of 1.61. Repay has a 52 week low of $3.59 and a 52 week high of $9.75. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.85 and a quick ratio of 0.85.

Insider Transactions at Repay

In other Repay news, EVP Jacob Hamilton Moore sold 26,385 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $5.89, for a total transaction of $155,407.65. Following the completion of the transaction, the executive vice president owned 193,532 shares of the company’s stock, valued at $1,139,903.48. This represents a 12.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 12.00% of the company’s stock.

Hedge Funds Weigh In On Repay

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RPAY. DA Davidson cut their target price on shares of Repay from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, August 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Repay in a report on Wednesday, November 5th. Keefe, Bruyette & Woods boosted their price target on shares of Repay from $5.00 to $5.75 and gave the stock a “market perform” rating in a research note on Tuesday, August 12th. Morgan Stanley lifted their price target on Repay from $4.50 to $5.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen raised shares of Repay from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.