B. Riley Boosts Earnings Estimates for Priority Technology

Priority Technology Holdings, Inc. (NASDAQ:PRTH) – Investment analysts at B. Riley increased their Q4 2024 earnings per share (EPS) estimates for Priority Technology in a report released on Monday, November 25th. B. Riley analyst H. Goetsch now anticipates that the company will earn $0.06 per share 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.

Several other research firms have also issued reports on PRTH. Keefe, Bruyette & Woods upped their target price on Priority Technology from $9.00 to $10.00 and gave the stock a “market perform” rating in a report on Friday, November 22nd. Lake Street Capital upped their target price on Priority Technology from $8.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, November 22nd.

Priority Technology Price Performance

PRTH stock opened at $10.02 on Tuesday. The stock has a market capitalization of $773.24 million, a P/E ratio of -23.86 and a beta of 1.01. The business has a 50-day moving average of $6.75 and a 200-day moving average of $5.60. Priority Technology has a fifty-two week low of $2.79 and a fifty-two week high of $10.05.

Institutional Trading of Priority Technology

Several institutional investors and hedge funds have recently bought and sold shares of PRTH. State Board of Administration of Florida Retirement System bought a new stake in Priority Technology in the first quarter valued at approximately $91,000. Vanguard Group Inc. grew its position in shares of Priority Technology by 25.7% in the first quarter. Vanguard Group Inc. now owns 762,631 shares of the company’s stock valued at $2,494,000 after purchasing an additional 156,044 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Priority Technology in the first quarter valued at approximately $164,000. Virtu Financial LLC acquired a new position in shares of Priority Technology in the first quarter valued at approximately $50,000. Finally, Williams & Novak LLC acquired a new position in shares of Priority Technology in the second quarter valued at approximately $77,000. Institutional investors own 11.52% of the company’s stock.

Insider Buying and Selling

In other Priority Technology news, CAO Rajiv Kumar sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $6.13, for a total value of $61,300.00. Following the sale, the chief accounting officer now owns 11,587 shares in the company, valued at $71,028.31. This represents a 46.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Sean Kiewiet sold 5,700 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $5.11, for a total value of $29,127.00. Following the completion of the sale, the insider now owns 1,055,158 shares in the company, valued at $5,391,857.38. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,302 shares of company stock worth $286,501. Corporate insiders own 76.30% 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.