Q4 EPS Estimate for Priority Technology Raised by Analyst

Priority Technology Holdings, Inc. (NASDAQ:PRTH) – B. Riley upped their Q4 2024 earnings per share (EPS) estimates for shares of Priority Technology in a research note issued on Monday, November 25th. B. Riley analyst H. Goetsch now expects that the company will post earnings per share of $0.06 for the quarter, up from their previous forecast 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.

A number of other equities research analysts have also recently issued reports on the company. 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 note on Friday, November 22nd. Lake Street Capital boosted their target price on shares of Priority Technology from $8.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, November 22nd.

Priority Technology Stock Performance

Shares of NASDAQ PRTH opened at $10.06 on Tuesday. The stock has a 50 day moving average price of $6.82 and a 200 day moving average price of $5.63. The stock has a market capitalization of $776.33 million, a PE ratio of -23.95 and a beta of 1.01. Priority Technology has a 52 week low of $2.79 and a 52 week high of $10.44.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC bought a new stake in shares of Priority Technology during the first quarter worth approximately $50,000. Williams & Novak LLC bought a new position in shares of Priority Technology during the second quarter worth approximately $77,000. State Board of Administration of Florida Retirement System acquired a new stake in Priority Technology during the 1st quarter worth approximately $91,000. BNP Paribas Financial Markets boosted 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 purchasing an additional 6,096 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Priority Technology in the 3rd quarter valued at $112,000. Institutional investors and hedge funds own 11.52% of the company’s stock.

Insider Buying and Selling

In related news, insider Sean Kiewiet sold 5,700 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $5.11, for a total value of $29,127.00. Following the sale, the insider now owns 1,055,158 shares in the company, valued at approximately $5,391,857.38. This represents a 0.54 % 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, CAO Rajiv Kumar sold 10,000 shares of Priority Technology stock in a transaction on Friday, September 13th. The stock was sold at an average price of $6.13, for a total transaction of $61,300.00. Following the transaction, the chief accounting officer now directly owns 11,587 shares of the company’s stock, valued at approximately $71,028.31. This trade represents a 46.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,302 shares of company stock worth $286,501. Company insiders own 76.30% 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.