Priority Technology (PRTH) Set to Announce Earnings on Thursday

Priority Technology (NASDAQ:PRTH) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Priority Technology has set its FY 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

Priority Technology (NASDAQ:PRTH) last issued its earnings results on Thursday, August 8th. The company reported ($0.12) earnings per share (EPS) for the quarter. Priority Technology had a net margin of 0.74% and a negative return on equity of 9.60%. The firm had revenue of $219.87 million during the quarter.

Priority Technology Stock Performance

Shares of NASDAQ:PRTH opened at $5.63 on Wednesday. Priority Technology has a 52-week low of $2.79 and a 52-week high of $7.38. The company has a market capitalization of $432.55 million, a P/E ratio of -8.66 and a beta of 1.01. The company has a 50-day simple moving average of $6.08 and a 200 day simple moving average of $5.09.

Insiders Place Their Bets

In other Priority Technology news, insider Sean Kiewiet sold 4,483 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $6.00, for a total transaction of $26,898.00. Following the completion of the sale, the insider now directly owns 1,065,158 shares in the company, valued at $6,390,948. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Sean Kiewiet sold 4,483 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $6.00, for a total transaction of $26,898.00. Following the transaction, the insider now directly owns 1,065,158 shares of the company’s stock, valued at approximately $6,390,948. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas Charles Priore sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $5.08, for a total transaction of $81,280.00. Following the transaction, the chief executive officer now directly owns 34,301,608 shares in the company, valued at $174,252,168.64. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,498 shares of company stock worth $368,761 over the last three months. Insiders own 76.30% of the company’s stock.

Wall Street Analysts Forecast Growth

PRTH has been the subject of several recent analyst reports. B. Riley raised their target price on shares of Priority Technology from $11.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Keefe, Bruyette & Woods raised their price objective on shares of Priority Technology from $4.50 to $5.00 and gave the stock a “market perform” rating in a research report on Friday, August 9th.

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.