Q4 EPS Estimates for Priority Technology Lifted by B. Riley

Priority Technology Holdings, Inc. (NASDAQ:PRTH - Free Report) - Stock analysts at B. Riley upped their Q4 2024 earnings per share estimates for Priority Technology in a report released on Monday, November 25th. B. Riley analyst H. Goetsch now forecasts that the company will post earnings of $0.06 per share for the quarter, up from their prior estimate of $0.05. B. Riley currently has a "Buy" rating and a $16.00 target price on the stock. The consensus estimate for Priority Technology's current full-year earnings is ($0.10) per share. B. Riley also issued estimates for Priority Technology's FY2026 earnings at $1.16 EPS.

Several other research analysts have also recently commented on the stock. Lake Street Capital boosted their price target on shares of Priority Technology from $8.00 to $13.00 and gave the stock a "buy" rating in a report on Friday. Keefe, Bruyette & Woods upped their price objective on Priority Technology from $9.00 to $10.00 and gave the stock a "market perform" rating in a research report on Friday.

Priority Technology Price Performance

Shares of NASDAQ PRTH traded up $1.28 during mid-day trading on Tuesday, hitting $10.02. The company had a trading volume of 653,610 shares, compared to its average volume of 64,027. The business's 50-day simple moving average is $6.75 and its 200 day simple moving average is $5.60. Priority Technology has a 1-year low of $2.79 and a 1-year high of $10.05. The company has a market capitalization of $773.24 million, a PE ratio of -23.86 and a beta of 1.01.

Insider Buying and Selling

In other news, CAO Rajiv Kumar sold 10,000 shares of Priority Technology stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $6.13, for a total transaction of $61,300.00. Following the completion of the sale, the chief accounting officer now directly owns 11,587 shares in the company, valued at approximately $71,028.31. This trade represents a 46.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sean Kiewiet sold 4,483 shares of the company's stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $6.00, for a total value of $26,898.00. Following the completion of the sale, the insider now owns 1,065,158 shares in the company, valued at approximately $6,390,948. This represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,302 shares of company stock valued at $286,501 over the last three months. 76.30% of the stock is currently owned by company insiders.

Institutional Trading of Priority Technology

Several large investors have recently modified their holdings of the business. State Board of Administration of Florida Retirement System purchased a new position in shares of Priority Technology during the 1st quarter worth about $91,000. Vanguard Group Inc. lifted its stake in shares of Priority Technology by 25.7% in the 1st quarter. Vanguard Group Inc. now owns 762,631 shares of the company's stock valued at $2,494,000 after purchasing an additional 156,044 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Priority Technology during the 1st quarter worth about $164,000. Virtu Financial LLC purchased a new stake in Priority Technology during the first quarter worth approximately $50,000. Finally, Williams & Novak LLC acquired a new stake in shares of Priority Technology in the second quarter worth $77,000. 11.52% of the stock is currently owned by institutional investors and hedge funds.

About Priority Technology

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.