Priority Technology Holdings, Inc. (NASDAQ:PRTH) COO Ranjana Ram Sells 6,615 Shares

Priority Technology Holdings, Inc. (NASDAQ:PRTH) COO Ranjana Ram sold 6,615 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $7.44, for a total transaction of $49,215.60. Following the sale, the chief operating officer now directly owns 686,389 shares in the company, valued at approximately $5,106,734.16. This represents a 0.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ranjana Ram also recently made the following trade(s):

• On Friday, January 17th, Ranjana Ram sold 18,385 shares of Priority Technology stock. The stock was sold at an average price of $7.44, for a total value of $136,784.40.

Priority Technology Stock Performance

Priority Technology stock opened at $9.03 on Friday. Priority Technology Holdings, Inc. has a fifty-two week low of $2.82 and a fifty-two week high of $12.44. The company has a market capitalization of $697.12 million, a price-to-earnings ratio of -21.50 and a beta of 1.17. The stock has a fifty day moving average of $9.76 and a two-hundred day moving average of $7.21.

Priority Technology (NASDAQ:PRTH) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.12. The firm had revenue of $227.05 million during the quarter, compared to analysts’ expectations of $221.15 million. Priority Technology had a negative return on equity of 15.86% and a net margin of 1.96%. During the same quarter last year, the business posted ($0.16) EPS. On average, analysts forecast that Priority Technology Holdings, Inc. will post -0.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Priority Technology

Several institutional investors and hedge funds have recently modified their holdings of PRTH. Rebalance LLC acquired a new position in Priority Technology in the 3rd quarter valued at $4,822,000. Barclays PLC increased its stake in Priority Technology by 255.9% in the third quarter. Barclays PLC now owns 26,064 shares of the company’s stock valued at $178,000 after purchasing an additional 18,741 shares during the last quarter. Jane Street Group LLC lifted its position in Priority Technology by 6.1% during the third quarter. Jane Street Group LLC now owns 22,347 shares of the company’s stock worth $153,000 after buying an additional 1,293 shares during the period. Geode Capital Management LLC boosted its stake in Priority Technology by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 396,335 shares of the company’s stock worth $2,707,000 after buying an additional 21,598 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Priority Technology by 15.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 56,557 shares of the company’s stock valued at $386,000 after buying an additional 7,719 shares during the period. Hedge funds and other institutional investors own 11.52% of the company’s stock.

Wall Street Analyst Weigh In

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

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.