Priority Technology (NASDAQ:PRTH - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.12, Zacks reports. The firm had revenue of $224.63 million for the quarter, compared to analyst estimates of $228.81 million. Priority Technology had a net margin of 1.96% and a negative return on equity of 15.86%. Priority Technology updated its FY 2025 guidance to EPS.
Priority Technology Stock Performance
Shares of PRTH stock traded up $0.15 during mid-day trading on Friday, hitting $6.86. The company's stock had a trading volume of 457,848 shares, compared to its average volume of 302,342. Priority Technology has a 52-week low of $3.35 and a 52-week high of $12.47. The business has a 50-day moving average price of $7.20 and a 200 day moving average price of $8.63. The stock has a market cap of $547.11 million, a price-to-earnings ratio of -16.33 and a beta of 1.50.
Analysts Set New Price Targets
PRTH has been the topic of a number of research analyst reports. TD Cowen upgraded shares of Priority Technology to a "strong-buy" rating in a research report on Tuesday, March 18th. Keefe, Bruyette & Woods reduced their target price on Priority Technology from $12.00 to $10.00 and set an "outperform" rating for the company in a report on Wednesday.
Read Our Latest Stock Report on Priority Technology
Priority Technology Company Profile
(
Get Free Report)
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.
Further Reading
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