B. Riley Expects Higher Earnings for Priority Technology

Key Points

• B. Riley has raised its FY2026 earnings estimate for Priority Technology from $1.42 to $1.54 per share, indicating a positive outlook for the company.
• Priority Technology reported a quarterly earnings per share of $0.26, surpassing analysts' estimates, and has generated revenue of $239.81 million, exceeding expectations.
• Several analysts have issued ratings and target price changes for the stock, with consensus advice leaning towards a "Buy" rating and a target price of $13.00.

Priority Technology Holdings, Inc. (NASDAQ:PRTH - Free Report) - B. Riley lifted their FY2026 earnings estimates for Priority Technology in a research note issued to investors on Thursday, August 21st. B. Riley analyst H. Goetsch now anticipates that the company will post earnings of $1.54 per share for the year, up from their prior estimate of $1.42. The consensus estimate for Priority Technology's current full-year earnings is ($0.09) per share.

Priority Technology (NASDAQ:PRTH - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.01. Priority Technology had a net margin of 4.03% and a negative return on equity of 47.35%. The business had revenue of $239.81 million during the quarter, compared to analysts' expectations of $239.63 million. Priority Technology has set its FY 2025 guidance at EPS.

A number of other research firms have also commented on PRTH. Keefe, Bruyette & Woods decreased their price objective on Priority Technology from $12.00 to $10.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Wall Street Zen raised shares of Priority Technology from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Cowen reaffirmed a "buy" rating on shares of Priority Technology in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $13.00.

Priority Technology Stock Performance

Shares of NASDAQ:PRTH opened at $7.98 on Friday. Priority Technology has a one year low of $4.89 and a one year high of $12.47. The stock has a market cap of $637.76 million, a PE ratio of 30.69 and a beta of 1.51. The business's fifty day moving average price is $7.60 and its two-hundred day moving average price is $7.99.

Institutional Trading of Priority Technology

Institutional investors and hedge funds have recently bought and sold shares of the business. Steamboat Capital Partners LLC raised its stake in shares of Priority Technology by 200.6% during the first quarter. Steamboat Capital Partners LLC now owns 2,400,000 shares of the company's stock valued at $16,356,000 after purchasing an additional 1,601,491 shares during the period. Acadian Asset Management LLC lifted its holdings in Priority Technology by 66.2% in the 2nd quarter. Acadian Asset Management LLC now owns 594,095 shares of the company's stock worth $4,618,000 after buying an additional 236,622 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Priority Technology by 70.5% during the second quarter. AQR Capital Management LLC now owns 573,345 shares of the company's stock valued at $4,461,000 after acquiring an additional 237,004 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Priority Technology by 19.4% in the second quarter. Geode Capital Management LLC now owns 536,349 shares of the company's stock valued at $4,173,000 after purchasing an additional 87,127 shares during the last quarter. Finally, Invesco Ltd. acquired a new stake in Priority Technology during the 4th quarter valued at approximately $4,883,000. Institutional investors and hedge funds own 11.52% of the company's stock.

Insider Buying and Selling

In related news, General Counsel Bradley J. Miller sold 100,000 shares of Priority Technology stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $8.55, for a total value of $855,000.00. Following the transaction, the general counsel owned 243,620 shares in the company, valued at approximately $2,082,951. This trade represents a 29.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 66.20% 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.

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