Priority Technology (PRTH) Expected to Announce Earnings on Thursday

Priority Technology (NASDAQ:PRTH - Get Free Report) will likely be announcing its earnings results before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $226.99 million for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

Priority Technology Stock Down 1.5 %

Shares of Priority Technology stock traded down $0.14 on Tuesday, reaching $9.00. 739,944 shares of the stock were exchanged, compared to its average volume of 701,721. The business has a 50 day moving average price of $10.46 and a two-hundred day moving average price of $8.27. The firm has a market capitalization of $694.78 million, a price-to-earnings ratio of -21.43 and a beta of 1.17. Priority Technology has a twelve month low of $2.82 and a twelve month high of $12.47.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. B. Riley upped their price target on Priority Technology from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Keefe, Bruyette & Woods raised Priority Technology from a "market perform" rating to an "outperform" rating and raised their price target for the company from $10.00 to $14.00 in a report on Thursday, January 16th. Finally, Lake Street Capital raised their price objective on Priority Technology from $8.00 to $13.00 and gave the company a "buy" rating in a research note on Friday, November 22nd.

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Insider Buying and Selling at Priority Technology

In related news, insider Sean Kiewiet sold 170,596 shares of Priority Technology stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $10.60, for a total transaction of $1,808,317.60. Following the sale, the insider now directly owns 711,853 shares of the company's stock, valued at $7,545,641.80. This trade represents a 19.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Vito Priore sold 1,242,856 shares of Priority Technology stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $7.44, for a total transaction of $9,246,848.64. Following the completion of the transaction, the director now owns 4,071,574 shares of the company's stock, valued at $30,292,510.56. This trade represents a 23.39 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,293,715 shares of company stock valued at $39,926,089. 76.30% of the stock is owned by corporate insiders.

Priority Technology Company Profile

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.