Priority Technology (NASDAQ:PRTH - Get Free Report)'s stock had its "hold (c)" rating reissued by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.
PRTH has been the subject of a number of other reports. Cowen reiterated a "buy" rating on shares of Priority Technology in a report on Friday, August 8th. Zacks Research lowered Priority Technology from a "strong-buy" rating to a "hold" rating in a report on Friday, September 19th. Finally, Wall Street Zen upgraded Priority Technology from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $13.00.
Check Out Our Latest Report on PRTH
Priority Technology Stock Down 0.1%
Shares of NASDAQ PRTH opened at $7.27 on Wednesday. The firm has a market cap of $581.02 million, a price-to-earnings ratio of 27.96 and a beta of 1.86. Priority Technology has a 52-week low of $5.01 and a 52-week high of $12.47. The business's 50 day moving average is $7.52 and its two-hundred day moving average is $7.51.
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, topping the consensus estimate of $0.25 by $0.01. The business had revenue of $239.81 million during the quarter, compared to the consensus estimate 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. Analysts anticipate that Priority Technology will post -0.09 EPS for the current fiscal year.
Hedge Funds Weigh In On Priority Technology
Several large investors have recently bought and sold shares of the stock. Corebridge Financial Inc. boosted its stake in 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 acquiring an additional 1,733 shares in the last quarter. Rhumbline Advisers boosted its stake in 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 acquiring an additional 2,425 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 acquiring an additional 2,648 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Priority Technology by 8.7% in the first quarter. Bank of New York Mellon Corp now owns 43,143 shares of the company's stock valued at $294,000 after acquiring an additional 3,450 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Priority Technology in the second quarter valued at $29,000. Institutional investors and hedge funds own 11.52% of the company's stock.
About Priority Technology
(
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.
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