Priority Technology (NASDAQ:PRTH – Get Rating)‘s stock had its “buy” rating reiterated by analysts at B. Riley in a research note issued on Monday, Zacks.com reports. B. Riley also issued estimates for Priority Technology’s Q1 2022 earnings at ($0.08) EPS, Q2 2022 earnings at ($0.04) EPS, Q3 2022 earnings at ($0.04) EPS, Q4 2022 earnings at ($0.03) EPS, FY2022 earnings at ($0.19) EPS, Q1 2023 earnings at $0.04 EPS, Q2 2023 earnings at $0.11 EPS, Q3 2023 earnings at $0.12 EPS, Q4 2023 earnings at $0.14 EPS and FY2023 earnings at $0.40 EPS.
Separately, Zacks Investment Research cut Priority Technology from a “hold” rating to a “sell” rating in a research note on Wednesday, March 23rd.
Shares of PRTH opened at $4.33 on Monday. The business has a 50-day moving average of $5.38 and a 200-day moving average of $5.86. Priority Technology has a 1 year low of $4.32 and a 1 year high of $8.38. The company has a market capitalization of $332.73 million, a price-to-earnings ratio of -11.70 and a beta of 0.63.
A number of institutional investors have recently made changes to their positions in the business. Barclays PLC boosted its position in shares of Priority Technology by 223.1% during the third quarter. Barclays PLC now owns 4,078 shares of the company’s stock valued at $27,000 after buying an additional 2,816 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Priority Technology by 260.8% during the fourth quarter. Bank of America Corp DE now owns 8,064 shares of the company’s stock valued at $57,000 after buying an additional 5,829 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Priority Technology during the fourth quarter valued at approximately $92,000. JPMorgan Chase & Co. boosted its position in shares of Priority Technology by 131.7% during the fourth quarter. JPMorgan Chase & Co. now owns 14,385 shares of the company’s stock valued at $102,000 after buying an additional 8,177 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Priority Technology by 14.3% during the third quarter. Bank of New York Mellon Corp now owns 17,626 shares of the company’s stock valued at $118,000 after buying an additional 2,205 shares during the last quarter. 12.97% of the stock is owned by hedge funds and other institutional investors.
About Priority Technology (Get Rating)
Priority Technology Holdings, Inc operates as a payment technology company in the United States. It operates through three segments: Small and Medium-Sized Businesses (SMB) Payments, Business-To-Business Payments, and Enterprise Payments. The company offers MX product line, including 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 as our leverage point.
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