B. Riley Research Analysts Raise Earnings Estimates for PRTH

Priority Technology Holdings, Inc. (NASDAQ:PRTH) – Stock analysts at B. Riley boosted their Q4 2024 EPS estimates for shares of Priority Technology in a research report issued on Monday, November 25th. B. Riley analyst H. Goetsch now expects that the company will post earnings of $0.06 per share for the quarter, up from their previous estimate of $0.05. B. Riley currently has a “Buy” rating and a $16.00 price objective 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.

Other equities analysts have also issued reports about the company. Lake Street Capital boosted their target price on Priority Technology from $8.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Keefe, Bruyette & Woods lifted their price objective on shares of Priority Technology from $9.00 to $10.00 and gave the stock a “market perform” rating in a research note on Friday, November 22nd.

Priority Technology Trading Up 0.4 %

NASDAQ:PRTH opened at $10.06 on Tuesday. Priority Technology has a 1-year low of $2.79 and a 1-year high of $10.44. The business’s 50-day moving average price is $6.82 and its two-hundred day moving average price is $5.63. The firm has a market capitalization of $776.33 million, a price-to-earnings ratio of -23.95 and a beta of 1.01.

Hedge Funds Weigh In On Priority Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PRTH. Virtu Financial LLC bought a new stake in shares of Priority Technology in the third quarter valued at about $91,000. Williams & Novak LLC acquired a new stake in Priority Technology in the 2nd quarter valued at approximately $77,000. BNP Paribas Financial Markets lifted its stake in Priority Technology by 61.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,983 shares of the company’s stock valued at $109,000 after acquiring an additional 6,096 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Priority Technology during the 3rd quarter worth approximately $112,000. Finally, Jane Street Group LLC boosted its position in Priority Technology by 6.1% during the 3rd quarter. Jane Street Group LLC now owns 22,347 shares of the company’s stock worth $153,000 after acquiring an additional 1,293 shares during the last quarter. 11.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

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.