Priority Technology (PRTH) to Release Quarterly Earnings on Thursday

Priority Technology (NASDAQ:PRTH) is projected to issue its quarterly earnings data before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $226.99 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Priority Technology Price Performance

PRTH stock opened at $10.73 on Friday. The business has a fifty day moving average price of $10.50 and a 200 day moving average price of $8.17. Priority Technology has a fifty-two week low of $2.82 and a fifty-two week high of $12.47. The stock has a market capitalization of $828.33 million, a price-to-earnings ratio of -25.55 and a beta of 1.17.

Insider Buying and Selling at Priority Technology

In other news, CEO Thomas Charles Priore sold 294,167 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $7.44, for a total value of $2,188,602.48. Following the transaction, the chief executive officer now directly owns 34,025,319 shares in the company, valued at $253,148,373.36. This trade represents a 0.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sean Kiewiet sold 170,596 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $10.60, for a total value of $1,808,317.60. Following the completion of the transaction, the insider now owns 711,853 shares in the company, valued at $7,545,641.80. This represents a 19.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,315,001 shares of company stock worth $40,132,138. Insiders own 76.30% of the company’s stock.

Analysts Set New Price Targets

PRTH has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised Priority Technology from a “market perform” rating to an “outperform” rating and raised their price target for the company from $10.00 to $14.00 in a report on Thursday, January 16th. B. Riley raised their price target on Priority Technology from $13.00 to $16.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Lake Street Capital increased their price objective on Priority Technology from $8.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, November 22nd.

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.