B. Riley Raises Earnings Estimates for Priority Technology

Priority Technology Holdings, Inc. (NASDAQ:PRTH) – Stock analysts at B. Riley increased their FY2025 EPS estimates for Priority Technology in a research report issued to clients and investors on Friday, January 17th. B. Riley analyst H. Goetsch now expects that the company will earn $0.76 per share for the year, up from their previous forecast of $0.73. B. Riley currently has a “Buy” rating and a $16.00 target price on the stock. The consensus estimate for Priority Technology’s current full-year earnings is ($0.09) per share. B. Riley also issued estimates for Priority Technology’s FY2026 earnings at $1.18 EPS.

Other equities analysts also recently issued research reports about the company. Lake Street Capital upped their price target on Priority Technology from $8.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Keefe, Bruyette & Woods raised shares of Priority Technology from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $10.00 to $14.00 in a research report on Thursday, January 16th.

Priority Technology Price Performance

Shares of Priority Technology stock opened at $8.90 on Monday. The firm has a market cap of $687.08 million, a price-to-earnings ratio of -21.19 and a beta of 1.17. The stock’s 50-day moving average is $9.70 and its 200-day moving average is $7.14. Priority Technology has a one year low of $2.82 and a one year high of $12.44.

Insiders Place Their Bets

In other Priority Technology news, insider Sean Kiewiet sold 5,700 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $5.11, for a total value of $29,127.00. Following the transaction, the insider now directly owns 1,055,158 shares of the company’s stock, valued at $5,391,857.38. This represents a 0.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 231,215 shares of company stock valued at $2,360,486 over the last 90 days. 76.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PRTH. Virtu Financial LLC bought a new position in Priority Technology during the third quarter worth about $91,000. SG Americas Securities LLC bought a new position in Priority Technology during the 4th quarter worth $100,000. BNP Paribas Financial Markets lifted its position in shares of Priority Technology by 61.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,983 shares of the company’s stock valued at $109,000 after acquiring an additional 6,096 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Priority Technology during the 3rd quarter worth $112,000. Finally, Jane Street Group LLC raised its stake in Priority Technology by 6.1% in the third quarter. Jane Street Group LLC now owns 22,347 shares of the company’s stock valued at $153,000 after purchasing an additional 1,293 shares in the last quarter. Institutional investors own 11.52% of the company’s stock.

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.