Equities Analysts Offer Predictions for PRTH FY2025 Earnings

Key Points

• B. Riley has lowered its FY2025 EPS forecast for Priority Technology to $1.04 from a previous estimate of $1.06, while the consensus estimate for the company’s current full-year earnings is at a negative $0.09 per share.
• Despite the negative forecast, Priority Technology recently reported Q2 earnings of $0.26 per share, exceeding analyst expectations, with revenues of $239.81 million.
• Multiple analysts have upgraded their ratings for Priority Technology, with Wall Street Zen raising it from "hold" to "buy," and the stock now boasts a consensus price target of $13.00.

Priority Technology Holdings, Inc. (NASDAQ:PRTH - Free Report) - Investment analysts at B. Riley decreased their FY2025 EPS estimates for Priority Technology in a research note issued to investors on Thursday, August 21st. B. Riley analyst H. Goetsch now expects that the company will post earnings per share of $1.04 for the year, down from their previous estimate of $1.06. The consensus estimate for Priority Technology's current full-year earnings is ($0.09) per share. B. Riley also issued estimates for Priority Technology's Q4 2025 earnings at $0.28 EPS.

Priority Technology (NASDAQ:PRTH - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $239.81 million during the quarter, compared to analyst estimates of $239.63 million. Priority Technology has set its FY 2025 guidance at EPS.

Other equities analysts have also issued reports about the stock. Cowen reiterated a "buy" rating on shares of Priority Technology in a report on Friday, August 8th. Zacks Research upgraded shares of Priority Technology from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 21st. Wall Street Zen upgraded shares of Priority Technology from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Priority Technology from $12.00 to $10.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Two 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 presently has an average rating of "Buy" and an average target price of $13.00.

Priority Technology Stock Down 0.2%

Shares of PRTH stock traded down $0.02 during trading hours on Monday, hitting $8.37. 300,329 shares of the company's stock traded hands, compared to its average volume of 552,002. The stock's fifty day simple moving average is $7.65 and its two-hundred day simple moving average is $7.89. Priority Technology has a 12-month low of $5.01 and a 12-month high of $12.47. The stock has a market cap of $668.93 million, a price-to-earnings ratio of 32.19 and a beta of 1.51.

Institutional Investors Weigh In On Priority Technology

A number of hedge funds have recently modified their holdings of PRTH. JPMorgan Chase & Co. grew its position in shares of Priority Technology by 196.5% during the 4th quarter. JPMorgan Chase & Co. now owns 100,528 shares of the company's stock valued at $1,181,000 after acquiring an additional 66,628 shares during the period. Wells Fargo & Company MN grew its position in shares of Priority Technology by 53.8% during the 4th quarter. Wells Fargo & Company MN now owns 8,593 shares of the company's stock valued at $101,000 after acquiring an additional 3,006 shares during the period. Invesco Ltd. bought a new stake in shares of Priority Technology during the 4th quarter valued at $4,883,000. Barclays PLC grew its position in shares of Priority Technology by 11.8% during the 4th quarter. Barclays PLC now owns 29,127 shares of the company's stock valued at $342,000 after acquiring an additional 3,063 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Priority Technology during the 4th quarter valued at $429,000. Institutional investors own 11.52% of the company's stock.

Insider Activity

In other news, General Counsel Bradley J. Miller sold 100,000 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were 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 of the company's stock, valued at $2,082,951. The trade was a 29.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 66.20% of the stock is currently owned by insiders.

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.