Q4 EPS Estimate for Priority Technology Boosted by Analyst

Priority Technology Holdings, Inc. (NASDAQ:PRTH) – Analysts at B. Riley increased their Q4 2024 earnings per share (EPS) estimates for Priority Technology in a research note issued on Monday, November 25th. B. Riley analyst H. Goetsch now forecasts that the company will earn $0.06 per share for the quarter, up from their prior estimate 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.

PRTH has been the subject of several other research reports. Keefe, Bruyette & Woods raised their price target on Priority Technology from $9.00 to $10.00 and gave the stock a “market perform” rating in a report on Friday. Lake Street Capital lifted their target price on shares of Priority Technology from $8.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday.

Priority Technology Price Performance

Shares of PRTH stock opened at $8.74 on Tuesday. The stock’s fifty day moving average price is $6.68 and its 200 day moving average price is $5.56. Priority Technology has a 1-year low of $2.79 and a 1-year high of $9.85. The company has a market cap of $674.47 million, a price-to-earnings ratio of -20.81 and a beta of 1.01.

Insider Buying and Selling at Priority Technology

In other news, insider Sean Kiewiet sold 4,954 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $5.41, for a total value of $26,801.14. Following the sale, the insider now directly owns 1,085,158 shares of the company’s stock, valued at $5,870,704.78. This represents a 0.45 % 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 the 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 completion of the sale, the chief accounting officer now owns 11,587 shares in the company, valued at $71,028.31. The trade was a 46.32 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,302 shares of company stock worth $286,501. 76.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Priority Technology

A number of institutional investors have recently modified their holdings of PRTH. Vanguard Group Inc. boosted its position in Priority Technology by 25.7% in the 1st quarter. Vanguard Group Inc. now owns 762,631 shares of the company’s stock worth $2,494,000 after purchasing an additional 156,044 shares in the last quarter. Rebalance LLC acquired a new stake in Priority Technology during the third quarter valued at $4,822,000. Jacobs Levy Equity Management Inc. purchased a new position in Priority Technology in the first quarter valued at $164,000. Renaissance Technologies LLC acquired a new position in shares of Priority Technology in the second quarter worth about $202,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of Priority Technology in the first quarter worth about $91,000. Hedge funds and other institutional investors own 11.52% of the company’s stock.

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.