What is B. Riley’s Estimate for PRTH FY2024 Earnings?

Priority Technology Holdings, Inc. (NASDAQ:PRTH) – Equities research analysts at B. Riley issued their FY2024 earnings estimates for Priority Technology in a report issued on Monday, November 11th. B. Riley analyst H. Goetsch expects that the company will post earnings per share of ($0.10) for the year. B. Riley currently has a “Buy” rating and a $13.00 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 Q4 2024 earnings at $0.05 EPS and FY2025 earnings at $0.51 EPS.

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and set a $9.00 target price (up previously from $5.00) on shares of Priority Technology in a report on Friday, November 8th.

Priority Technology Price Performance

NASDAQ PRTH opened at $7.99 on Thursday. The stock’s 50 day simple moving average is $6.31 and its 200 day simple moving average is $5.28. Priority Technology has a one year low of $2.79 and a one year high of $8.90. The firm has a market cap of $616.56 million, a PE ratio of -19.05 and a beta of 1.01.

Insiders Place Their Bets

In other news, CEO Thomas Charles Priore sold 16,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $5.08, for a total value of $81,280.00. Following the transaction, the chief executive officer now owns 34,301,608 shares of the company’s stock, valued at approximately $174,252,168.64. This trade represents a 0.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sean Kiewiet sold 7,201 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $5.90, for a total transaction of $42,485.90. Following the sale, the insider now directly owns 1,094,652 shares of the company’s stock, valued at approximately $6,458,446.80. This trade represents a 0.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 64,498 shares of company stock valued at $368,761. 76.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Priority Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rebalance LLC bought a new stake in Priority Technology in the third quarter valued at approximately $4,822,000. Vanguard Group Inc. grew its holdings 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 buying an additional 156,044 shares during the period. Pekin Hardy Strauss Inc. acquired a new position in shares of Priority Technology in the 2nd quarter valued at $301,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Priority Technology in the 1st quarter valued at $164,000. Finally, Renaissance Technologies LLC acquired a new stake in Priority Technology during the 2nd quarter worth $202,000. Institutional investors own 11.52% of the company’s stock.

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.