B. Riley Boosts Earnings Estimates for Priority Technology

Priority Technology Holdings, Inc. (NASDAQ:PRTH) – B. Riley raised their FY2025 earnings estimates for shares of Priority Technology in a report issued on Friday, January 17th. B. Riley analyst H. Goetsch now anticipates that the company will earn $0.76 per share for the year, up from their prior forecast of $0.73. B. Riley has a “Buy” rating and a $16.00 price objective on the stock. The consensus estimate for Priority Technology’s current full-year earnings is ($0.09) per share. B. Riley also issued estimates for Priority Technology’s FY2026 earnings at $1.18 EPS.

A number of other equities research analysts have also commented on the stock. Keefe, Bruyette & Woods raised shares of Priority Technology from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $10.00 to $14.00 in a report on Thursday, January 16th. Lake Street Capital raised their target price 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.

Priority Technology Stock Up 0.7 %

Shares of NASDAQ:PRTH opened at $8.96 on Monday. Priority Technology has a 12 month low of $2.82 and a 12 month high of $12.44. The company’s 50-day moving average price is $9.73 and its two-hundred day moving average price is $7.17. The firm has a market cap of $691.71 million, a P/E ratio of -21.33 and a beta of 1.17.

Priority Technology (NASDAQ:PRTH) last issued 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. Priority Technology had a net margin of 1.96% and a negative return on equity of 15.86%. The firm had revenue of $227.05 million for the quarter, compared to analyst estimates of $221.15 million. During the same quarter in the prior year, the firm earned ($0.16) EPS.

Insider Activity

In related news, insider Sean Kiewiet sold 5,700 shares of Priority Technology stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $5.11, for a total transaction of $29,127.00. Following the transaction, the insider now owns 1,055,158 shares of the company’s stock, valued at $5,391,857.38. This trade represents a 0.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have sold 231,215 shares of company stock valued at $2,360,486. 76.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PRTH. Rebalance LLC acquired a new stake in shares of Priority Technology in the third quarter valued at approximately $4,822,000. Renaissance Technologies LLC bought a new position in shares of Priority Technology in the second quarter valued at $202,000. JPMorgan Chase & Co. grew its stake in shares of Priority Technology by 273.0% in the third quarter. JPMorgan Chase & Co. now owns 33,900 shares of the company’s stock valued at $232,000 after buying an additional 24,811 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Priority Technology by 5.8% in the third quarter. Geode Capital Management LLC now owns 396,335 shares of the company’s stock valued at $2,707,000 after buying an additional 21,598 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of 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 buying an additional 18,741 shares in the last quarter. 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.