Priority Technology Holdings, Inc. (NASDAQ:PRTH – Get Free Report) insider Sean Kiewiet sold 9,852 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $4.51, for a total transaction of $44,432.52. Following the transaction, the insider now owns 1,241,853 shares of the company’s stock, valued at approximately $5,600,757.03. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Wednesday, May 22nd, Sean Kiewiet sold 9,875 shares of Priority Technology stock. The stock was sold at an average price of $3.45, for a total transaction of $34,068.75.
• On Monday, May 20th, Sean Kiewiet sold 21,100 shares of Priority Technology stock. The stock was sold at an average price of $3.48, for a total transaction of $73,428.00.
• 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 transaction of $27,891.06.
• On Tuesday, May 14th, Sean Kiewiet sold 6,001 shares of Priority Technology stock. The stock was sold at an average price of $3.54, for a total transaction of $21,243.54.
• 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 transaction of $33,000.00.

Priority Technology Trading Up 6.7 %

Shares of Priority Technology stock opened at $4.46 on Friday. Priority Technology Holdings, Inc. has a 12-month low of $2.62 and a 12-month high of $5.03. The firm has a market capitalization of $357.11 million, a price-to-earnings ratio of -7.69 and a beta of 0.87. The firm’s 50 day simple moving average is $3.32 and its two-hundred day simple moving average is $3.36.

Priority Technology (NASDAQ:PRTH – Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. Priority Technology had a net margin of 0.57% and a negative return on equity of 3.11%. The business had revenue of $205.72 million for the quarter, compared to analyst estimates of $209.08 million. During the same quarter in the prior year, the business posted ($0.15) EPS. On average, sell-side analysts predict that Priority Technology Holdings, Inc. will post -0.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Analysis on Priority Technology

Institutional Trading of Priority Technology

Several large investors have recently made changes to their positions in PRTH. Panagora Asset Management Inc. boosted its holdings in shares of Priority Technology by 22.5% in the 4th 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 last quarter. PFG Investments LLC purchased a new stake in shares of Priority Technology in the 1st quarter valued at $37,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of Priority Technology in the 1st quarter valued at $91,000. Vanguard Group Inc. boosted its holdings in shares of Priority Technology by 25.7% in the 1st 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 last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Priority Technology in the 1st quarter valued at $164,000. 11.52% of the stock is owned by hedge funds and other institutional investors.

Priority Technology Company Profile

(Get Free Report)

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.

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