B. Riley Has Negative Forecast 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) - Research analysts at B. Riley cut their FY2025 EPS estimates for Priority Technology in a note issued to investors on Thursday, August 21st. B. Riley analyst H. Goetsch now forecasts that the company will post earnings of $1.04 per share for the year, down from their prior forecast 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 posted its quarterly earnings data on Thursday, August 7th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.01. The business had revenue of $239.81 million during the quarter, compared to analyst estimates of $239.63 million. Priority Technology had a net margin of 4.03% and a negative return on equity of 47.35%. Priority Technology has set its FY 2025 guidance at EPS.

Other equities analysts have also issued research reports about the stock. Wall Street Zen raised shares of Priority Technology from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Cowen reaffirmed a "buy" rating on shares of Priority Technology in a research report on Friday, August 8th. Zacks Research raised shares of Priority Technology from a "hold" rating to a "strong-buy" rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Priority Technology from $12.00 to $10.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Two analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $13.00.

Priority Technology Price Performance

NASDAQ:PRTH opened at $8.43 on Monday. The firm has a 50 day simple moving average of $7.62 and a 200-day simple moving average of $7.95. The firm has a market cap of $673.73 million, a PE ratio of 32.42 and a beta of 1.51. Priority Technology has a 1-year low of $4.91 and a 1-year high of $12.47.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Corebridge Financial Inc. boosted its stake in shares of Priority Technology by 19.0% in the first quarter. Corebridge Financial Inc. now owns 10,876 shares of the company's stock valued at $74,000 after purchasing an additional 1,733 shares during the period. Rhumbline Advisers boosted its stake in shares of Priority Technology by 10.2% in the first quarter. Rhumbline Advisers now owns 26,131 shares of the company's stock valued at $178,000 after purchasing an additional 2,425 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Priority Technology by 25.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,030 shares of the company's stock valued at $89,000 after purchasing an additional 2,648 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Priority Technology by 53.8% in the fourth quarter. Wells Fargo & Company MN now owns 8,593 shares of the company's stock valued at $101,000 after purchasing an additional 3,006 shares during the period. Finally, Barclays PLC boosted its stake in shares of Priority Technology by 11.8% in the fourth quarter. Barclays PLC now owns 29,127 shares of the company's stock valued at $342,000 after purchasing an additional 3,063 shares during the period. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, General Counsel Bradley J. Miller sold 100,000 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $8.55, for a total value 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. This represents a 29.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 66.20% of the stock is 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.

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