Priority Technology (PRTH) to Release Earnings on Thursday

Priority Technology (NASDAQ:PRTH) is expected 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 are interested in registering for the company’s conference call can do so using this link.

Priority Technology Stock Performance

Priority Technology stock opened at $9.14 on Tuesday. The company has a 50 day moving average price of $10.50 and a 200 day moving average price of $8.24. Priority Technology has a 52 week low of $2.82 and a 52 week high of $12.47. The firm has a market capitalization of $705.59 million, a price-to-earnings ratio of -21.76 and a beta of 1.17.

Insider Buying and Selling at Priority Technology

In related news, insider Sean Kiewiet sold 170,596 shares of Priority Technology stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $10.60, for a total value of $1,808,317.60. Following the completion of the sale, the insider now owns 711,853 shares of the company’s stock, valued at approximately $7,545,641.80. The trade was a 19.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas Charles Priore sold 294,167 shares of Priority Technology stock in a transaction on Friday, January 17th. The shares were sold at an average price of $7.44, for a total transaction of $2,188,602.48. Following the completion of the sale, the chief executive officer now directly owns 34,025,319 shares of the company’s stock, valued at approximately $253,148,373.36. The trade was a 0.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,293,715 shares of company stock valued at $39,926,089 in the last quarter. Company insiders own 76.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PRTH shares. Lake Street Capital lifted 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. Keefe, Bruyette & Woods raised shares of Priority Technology from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $10.00 to $14.00 in a research note on Thursday, January 16th. Finally, B. Riley lifted their target price on shares of Priority Technology from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Monday, November 25th.

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.