Shares of Priority Technology Holdings (NASDAQ:PRTH) have been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Brokers have set a 12-month consensus price objective of $8.00 for the company and are predicting that the company will post ($0.05) earnings per share for the current quarter, according to Zacks. Zacks has also given Priority Technology an industry rank of 112 out of 255 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered Priority Technology from a “buy” rating to a “hold” rating in a research report on Saturday, January 4th.
Large investors have recently added to or reduced their stakes in the stock. Cowen AND Company LLC acquired a new position in shares of Priority Technology in the 4th quarter valued at $177,000. State Street Corp boosted its position in Priority Technology by 17.3% during the 4th quarter. State Street Corp now owns 72,967 shares of the company’s stock worth $179,000 after acquiring an additional 10,766 shares during the period. Millennium Management LLC acquired a new stake in Priority Technology during the 3rd quarter worth about $406,000. Southside Capital LLC boosted its position in Priority Technology by 39.2% during the 4th quarter. Southside Capital LLC now owns 300,000 shares of the company’s stock worth $655,000 after acquiring an additional 84,531 shares during the period. Finally, TimesSquare Capital Management LLC boosted its position in Priority Technology by 0.8% during the 3rd quarter. TimesSquare Capital Management LLC now owns 2,266,210 shares of the company’s stock worth $10,923,000 after acquiring an additional 17,700 shares during the period. Institutional investors and hedge funds own 7.38% of the company’s stock.
NASDAQ:PRTH opened at $2.16 on Wednesday. The business’s 50-day moving average price is $2.81. Priority Technology has a 52-week low of $1.94 and a 52-week high of $8.69.
Priority Technology (NASDAQ:PRTH) last released its earnings results on Wednesday, November 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.03. The firm had revenue of $109.95 million for the quarter, compared to analyst estimates of $109.72 million. Analysts anticipate that Priority Technology will post -0.43 EPS for the current year.
Priority Technology Company Profile
Priority Technology Holdings, Inc provides merchant acquiring and commercial payment solutions in the United States. It operates through two segments, Consumer Payments; and Commercial Payments and Managed Services. The company offers MX product suite, including MX ISO/Agent and VIMAS reseller technology systems, and MX Merchant products, which provide resellers and merchant clients a customizable set of business applications that enable to manage critical business work functions and revenue performance.
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