Sean Kiewiet Sells 6,001 Shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 6,001 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $3.54, for a total transaction of $21,243.54. Following the transaction, the insider now directly owns 1,335,852 shares in the company, valued at $4,728,916.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Sean Kiewiet also recently made the following trade(s):

• On Thursday, May 16th, Sean Kiewiet sold 8,061 shares of Priority Technology stock. The stock was sold at an average price of $3.46, for a total value of $27,891.06.
• On Wednesday, May 1st, Sean Kiewiet sold 1,305 shares of Priority Technology stock. The stock was sold at an average price of $3.18, for a total transaction of $4,149.90.
• On Monday, April 1st, Sean Kiewiet sold 10,000 shares of Priority Technology stock. The shares were sold at an average price of $3.30, for a total value of $33,000.00.

Priority Technology Trading Up 0.3 %

Shares of PRTH opened at $3.45 on Friday. Priority Technology Holdings, Inc. has a twelve month low of $2.62 and a twelve month high of $5.03. The stock’s fifty day simple moving average is $3.25 and its 200 day simple moving average is $3.36. The firm has a market capitalization of $276.24 million, a P/E ratio of -5.95 and a beta of 0.87.

Priority Technology (NASDAQ:PRTH) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. The company had revenue of $205.72 million for the quarter, compared to analyst estimates of $209.08 million. Priority Technology had a negative return on equity of 3.11% and a net margin of 0.57%. During the same period last year, the company posted ($0.15) earnings per share. Sell-side analysts predict that Priority Technology Holdings, Inc. will post -0.27 earnings per share for the current year.

Analysts Set New Price Targets

Separately, B. Riley lifted their target price on shares of Priority Technology from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th.

Institutional Investors Weigh In On Priority Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PRTH. PFG Investments LLC acquired a new stake in Priority Technology during the 1st quarter valued at approximately $37,000. State Board of Administration of Florida Retirement System bought a new position in shares of Priority Technology in the 1st quarter worth about $91,000. Panagora Asset Management Inc. boosted its stake in Priority Technology by 22.5% in the fourth quarter. Panagora Asset Management Inc. now owns 42,602 shares of the company’s stock valued at $152,000 after acquiring an additional 7,812 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in Priority Technology during the 1st quarter worth $164,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Priority Technology by 25.7% during the first quarter. Vanguard Group Inc. now owns 762,631 shares of the company’s stock valued at $2,494,000 after acquiring an additional 156,044 shares during the period. Hedge funds and other institutional investors own 11.52% of the company’s stock.

Priority Technology Company Profile

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.