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ATLANTA - Repay Holdings Corporation (NASDAQ:RPAY), a provider of integrated payment processing solutions, announced today that Chief Financial Officer Tim Murphy will resign from his position on May 15, 2025. Murphy, who has been with REPAY since 2014, played a pivotal role in the company’s public listing in 2019 and was instrumental in completing eleven acquisitions throughout his tenure. The announcement comes as REPAY’s stock trades near its 52-week low of $4.24, having declined over 56% in the past year. According to InvestingPro analysis, the company appears undervalued at current levels.
Thomas Sullivan, the current Chief Accounting Officer at REPAY, will serve as the Interim Chief Financial Officer following Murphy’s departure. The company has begun the search for a permanent successor to continue leading the financial operations. The transition comes at a crucial time, with REPAY’s next earnings report scheduled for May 7, 2025. InvestingPro data shows the company maintains strong liquidity with a current ratio of 2.69, while analysts expect a return to profitability this year.
John Morris, CEO of REPAY, expressed deep gratitude for Murphy’s contributions over the years, highlighting his key role in the company’s growth and transition from a private to a public entity. Murphy reciprocated the sentiment, thanking the REPAY team and board for their support during his time with the company.
REPAY specializes in providing integrated payment solutions tailored to meet the needs of various industries that require specific transaction processing services. The company’s proprietary payment technology aims to simplify electronic payments while enhancing the consumer and business experience.
The announcement of Murphy’s resignation contains forward-looking statements, including plans for the executive search. These statements are subject to various uncertainties and contingencies as described in REPAY’s filings with the U.S. Securities and Exchange Commission.
This news is based on a press release statement from Repay Holdings Corporation. For comprehensive analysis and additional insights about REPAY, including 13 more exclusive ProTips and detailed financial metrics, investors can access the full company research report on InvestingPro, part of the platform’s coverage of over 1,400 US stocks.
In other recent news, Repay Holdings Corporation has been the subject of various analyst updates and strategic announcements. The company reported fourth-quarter financial results with revenue figures slightly below expectations, although adjusted EBITDA was 1% higher than DA Davidson’s forecast. Following these results, Repay announced a strategic review of its operations, which could include restructuring or other changes to improve performance and shareholder value. Analysts have responded with mixed revisions to Repay’s stock price target. Canaccord Genuity, DA Davidson, and Benchmark all lowered their price targets to $12 while maintaining a Buy rating, indicating continued confidence in the company’s potential despite short-term challenges.
In contrast, BMO Capital Markets reduced its price target more significantly to $8 and maintained a Market Perform rating, citing a 9% year-over-year decline in organic gross profit growth as a concern. The company is also focusing on executive compensation, setting bonus targets for 2025 that are contingent on achieving specific financial performance goals, primarily measured by Adjusted EBITDA. These developments highlight Repay’s efforts to navigate current market challenges while exploring options to enhance shareholder value. Investors are closely monitoring the outcomes of the strategic review and any subsequent actions taken by the company.
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