Analysts Set Priority Technology Holdings, Inc. (NASDAQ:PRTH) PT at $11.50

Priority Technology Holdings, Inc. (NASDAQ:PRTH) has been given an average recommendation of “Moderate Buy” by the seven analysts that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $11.00.

PRTH has been the topic of a number of recent research reports. Industrial Alliance Securities set a $11.00 target price on shares of Priority Technology in a research report on Thursday, November 6th. Wall Street Zen lowered shares of Priority Technology from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Zacks Research cut Priority Technology from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Weiss Ratings restated a “hold (c)” rating on shares of Priority Technology in a research note on Wednesday. Finally, Cowen reiterated a “buy” rating on shares of Priority Technology in a research note on Friday, August 8th.

Institutional Trading of Priority Technology

A number of institutional investors and hedge funds have recently bought and sold shares of PRTH. Bank of New York Mellon Corp raised its holdings in Priority Technology by 8.7% in the first quarter. Bank of New York Mellon Corp now owns 43,143 shares of the company’s stock worth $294,000 after buying an additional 3,450 shares during the last quarter. CWM LLC increased its position in shares of Priority Technology by 13,386.7% during the first quarter. CWM LLC now owns 8,092 shares of the company’s stock valued at $55,000 after acquiring an additional 8,032 shares in the last quarter. Cetera Investment Advisers purchased a new position in Priority Technology in the 1st quarter worth approximately $529,000. US Bancorp DE bought a new position in Priority Technology in the 1st quarter valued at approximately $58,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Priority Technology by 19.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 63,027 shares of the company’s stock valued at $430,000 after acquiring an additional 10,202 shares in the last quarter. 11.52% of the stock is currently owned by institutional investors.

Priority Technology Price Performance

PRTH stock opened at $5.41 on Wednesday. Priority Technology has a 1 year low of $4.44 and a 1 year high of $12.47. The firm has a 50-day moving average of $6.71 and a 200 day moving average of $7.38. The company has a market cap of $442.93 million, a P/E ratio of 10.21 and a beta of 1.85.

Priority Technology (NASDAQ:PRTH) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). The firm had revenue of $241.44 million for the quarter, compared to the consensus estimate of $251.74 million. Priority Technology had a net margin of 5.78% and a negative return on equity of 60.29%. Priority Technology has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Priority Technology will post -0.09 earnings per share for the current fiscal year.

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.