Priority Technology (NASDAQ:PRTH - Get Free Report) will release its earnings data before the market opens on Thursday, November 7th. Analysts expect Priority Technology to post earnings of ($0.05) per share for the quarter. Priority Technology has set its FY 2024 guidance at EPS.Persons interested in participating in the company's earnings conference call can do so using this link.
Priority Technology (NASDAQ:PRTH - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.12) EPS for the quarter. Priority Technology had a negative return on equity of 9.60% and a net margin of 0.74%. The company had revenue of $219.87 million for the quarter.
Priority Technology Stock Performance
Shares of NASDAQ PRTH traded down $0.13 during mid-day trading on Thursday, reaching $5.43. The company had a trading volume of 13,236 shares, compared to its average volume of 48,634. Priority Technology has a twelve month low of $2.79 and a twelve month high of $7.38. The stock's 50 day moving average is $6.08 and its 200-day moving average is $5.01. The stock has a market capitalization of $417.20 million, a PE ratio of -8.55 and a beta of 0.98.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on PRTH. Keefe, Bruyette & Woods raised their price objective on shares of Priority Technology from $4.50 to $5.00 and gave the company a "market perform" rating in a research report on Friday, August 9th. B. Riley lifted their target price on shares of Priority Technology from $11.00 to $13.00 and gave the stock a "buy" rating in a report on Monday, September 23rd.
Get Our Latest Stock Report on Priority Technology
Insiders Place Their Bets
In other news, insider Sean Kiewiet sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $5.02, for a total value of $50,200.00. Following the completion of the sale, the insider now directly owns 1,101,853 shares of the company's stock, valued at approximately $5,531,302.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Sean Kiewiet sold 10,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $5.02, for a total value of $50,200.00. Following the completion of the sale, the insider now owns 1,101,853 shares in the company, valued at approximately $5,531,302.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas Charles Priore sold 16,000 shares of Priority Technology stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $5.08, for a total value of $81,280.00. Following the sale, the chief executive officer now directly owns 34,301,608 shares in the company, valued at approximately $174,252,168.64. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 64,498 shares of company stock valued at $367,044 in the last three months. Company insiders own 76.30% of the company's stock.
Priority Technology Company Profile
(
Get Free Report)
Priority Technology Holdings, Inc operates as a payment technology company in the United States. The company operates through three segments: Small and Medium-Sized Businesses (SMB) Payments, Business-To-Business (B2B) Payments, and Enterprise Payments. It offers SMB payments processing solutions for B2C transactions through independent sales organizations, financial institutions, independent software vendors, and other referral partners through its MX product suite, which includes MX Connect and MX Merchant products, such as MX Insights, MX Storefront, MX Retail, MX Invoice, MX B2B and ACH.com, and others, which provides flexible and customizable set of business applications that helps to manage critical business work functions and revenue performance to resellers and merchant clients using core payment processing.
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