Priority Technology (PRTH) to Release Quarterly Earnings on Thursday

Priority Technology (NASDAQ:PRTH) is projected to announce its earnings results before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $226.99 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Priority Technology Trading Up 4.2 %

Shares of Priority Technology stock opened at $10.73 on Friday. The company has a market capitalization of $828.33 million, a PE ratio of -25.55 and a beta of 1.17. Priority Technology has a 12 month low of $2.82 and a 12 month high of $12.47. The stock’s fifty day simple moving average is $10.50 and its 200 day simple moving average is $8.17.

Insider Activity at Priority Technology

In related news, insider Sean Kiewiet sold 170,596 shares of Priority Technology stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $10.60, for a total value of $1,808,317.60. Following the sale, the insider now owns 711,853 shares of the company’s stock, valued at approximately $7,545,641.80. The trade was a 19.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas Charles Priore sold 105,833 shares of Priority Technology stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $7.44, for a total value of $787,397.52. Following the completion of the sale, the chief executive officer now directly owns 33,919,486 shares in the company, valued at approximately $252,360,975.84. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,315,001 shares of company stock valued at $40,132,138. 76.30% of the stock is owned by insiders.

Analyst Ratings Changes

PRTH has been the topic of several recent research reports. Lake Street Capital lifted their price target on Priority Technology from $8.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. B. Riley lifted their price target on Priority Technology from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Finally, Keefe, Bruyette & Woods raised Priority Technology from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $10.00 to $14.00 in a research note on Thursday, January 16th.

About Priority Technology

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.