B. Riley Boosts Earnings Estimates 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) - Analysts at B. Riley raised their FY2026 earnings per share (EPS) estimates for Priority Technology in a report issued on Thursday, August 21st. B. Riley analyst H. Goetsch now expects that the company will post earnings of $1.54 per share for the year, up from their previous estimate of $1.42. The consensus estimate for Priority Technology's current full-year earnings is ($0.09) per share.

Several other brokerages have also weighed in on PRTH. Wall Street Zen raised Priority Technology from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Keefe, Bruyette & Woods dropped their target price on Priority Technology from $12.00 to $10.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Cowen reaffirmed a "buy" rating on shares of Priority Technology in a research report on Friday, August 8th. Finally, Zacks Research raised Priority Technology from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $13.00.

Priority Technology Stock Performance

NASDAQ:PRTH traded down $0.11 during trading hours on Friday, hitting $8.28. 115,195 shares of the company's stock traded hands, compared to its average volume of 583,985. Priority Technology has a twelve month low of $5.01 and a twelve month high of $12.47. The stock's fifty day moving average price is $7.63 and its two-hundred day moving average price is $7.93. The firm has a market cap of $662.06 million, a P/E ratio of 31.73 and a beta of 1.51.

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

Insiders Place Their Bets

In related news, General Counsel Bradley J. Miller sold 100,000 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $8.55, for a total transaction of $855,000.00. Following the completion of the sale, the general counsel owned 243,620 shares in the company, valued at $2,082,951. This represents a 29.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 66.20% of the stock is currently owned by insiders.

Institutional Trading of Priority Technology

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in shares of Priority Technology by 196.5% in the 4th quarter. JPMorgan Chase & Co. now owns 100,528 shares of the company's stock worth $1,181,000 after acquiring an additional 66,628 shares during the period. Wells Fargo & Company MN lifted its position in shares of Priority Technology by 53.8% in the 4th quarter. Wells Fargo & Company MN now owns 8,593 shares of the company's stock worth $101,000 after acquiring an additional 3,006 shares during the period. Invesco Ltd. bought a new stake in shares of Priority Technology in the 4th quarter worth approximately $4,883,000. Renaissance Technologies LLC lifted its position in shares of Priority Technology by 405.6% in the 4th quarter. Renaissance Technologies LLC now owns 242,200 shares of the company's stock worth $2,846,000 after acquiring an additional 194,300 shares during the period. Finally, Barclays PLC lifted its position in shares of Priority Technology by 11.8% in the 4th quarter. Barclays PLC now owns 29,127 shares of the company's stock worth $342,000 after acquiring an additional 3,063 shares during the period. Institutional investors own 11.52% 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.