Priority Technology Holdings, Inc. (NASDAQ:PRTH) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Priority Technology Holdings, Inc. has received a consensus rating of "Moderate Buy" from analysts, with an average twelve-month price target of $13.00.
• The company's stock opened at $7.72, showing a recent increase of 4.2%, and has a market cap of $616.98 million.
• Priority Technology posted a quarterly EPS of $0.26, surpassing estimates, and reported revenue of $239.81 million, slightly above expectations.

Priority Technology Holdings, Inc. (NASDAQ:PRTH - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $13.00.

PRTH has been the topic of a number of recent research reports. Cowen restated a "buy" rating on shares of Priority Technology in a research note on Friday, August 8th. Wall Street Zen raised Priority Technology from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Zacks Research downgraded shares of Priority Technology from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 19th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Priority Technology in a research report on Wednesday, October 8th.

Priority Technology Stock Up 4.2%

Priority Technology stock opened at $7.72 on Friday. The company's fifty day simple moving average is $7.52 and its 200-day simple moving average is $7.52. 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 $616.98 million, a P/E ratio of 29.69 and a beta of 1.86.

Priority Technology (NASDAQ:PRTH - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.26 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 business had revenue of $239.81 million for the quarter, compared to analysts' expectations of $239.63 million. 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.

Institutional Investors Weigh In On Priority Technology

A number of large investors have recently bought and sold shares of the business. Investors Asset Management of Georgia Inc. GA ADV boosted its holdings in Priority Technology by 14.5% in the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 156,885 shares of the company's stock worth $1,078,000 after purchasing an additional 19,925 shares in the last quarter. CWM LLC boosted its stake in shares of Priority Technology by 74.2% during the 3rd quarter. CWM LLC now owns 30,549 shares of the company's stock worth $210,000 after acquiring an additional 13,012 shares in the last quarter. Squarepoint Ops LLC boosted its stake in shares of Priority Technology by 312.1% during the 2nd quarter. Squarepoint Ops LLC now owns 115,942 shares of the company's stock worth $902,000 after acquiring an additional 87,806 shares in the last quarter. State of Wyoming boosted its stake in shares of Priority Technology by 34.4% during the 2nd quarter. State of Wyoming now owns 45,208 shares of the company's stock worth $352,000 after acquiring an additional 11,582 shares in the last quarter. Finally, Caxton Associates LLP bought a new stake in Priority Technology during the second quarter worth approximately $463,000. 11.52% of the stock is currently owned by institutional investors.

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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