Priority Technology (PRTH) to Release Earnings on Thursday

Priority Technology (NASDAQ:PRTH) is expected to post its quarterly earnings results before the market opens on Thursday, March 6th. Analysts expect Priority Technology to post earnings of $0.05 per share and revenue of $226.99 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Priority Technology Trading Down 14.8 %

PRTH opened at $9.14 on Tuesday. Priority Technology has a twelve month low of $2.82 and a twelve month high of $12.47. The stock has a market cap of $705.59 million, a PE ratio of -21.76 and a beta of 1.17. The business’s 50 day moving average is $10.50 and its 200-day moving average is $8.24.

Analysts Set New Price Targets

A number of research firms recently commented on PRTH. Keefe, Bruyette & Woods upgraded shares of 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 objective on shares of Priority Technology from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Finally, Lake Street Capital raised 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.

Insiders Place Their Bets

In other Priority Technology news, insider Sean Kiewiet sold 170,596 shares of Priority Technology stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $10.60, for a total value of $1,808,317.60. Following the transaction, the insider now owns 711,853 shares in the company, valued at approximately $7,545,641.80. The trade was a 19.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John Vito Priore sold 1,242,856 shares of Priority Technology stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $7.44, for a total transaction of $9,246,848.64. Following the completion of the transaction, the director now owns 4,071,574 shares in the company, valued at approximately $30,292,510.56. This trade represents a 23.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,293,715 shares of company stock worth $39,926,089. 76.30% of the stock is owned by insiders.

Priority Technology Company Profile

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.