Priority Technology Holdings, Inc. (NASDAQ:PRTH) Receives Consensus Rating of "Buy" from Analysts

Priority Technology Holdings, Inc. (NASDAQ:PRTH - Get Free Report) has been given a consensus rating of "Buy" by the five ratings firms that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $13.00.Several research analysts have recently weighed in on PRTH shares. Wall Street Zen raised Priority Technology from a "hold" rating to a "buy" rating in a research report on Saturday. Cowen reiterated a "buy" rating on shares of Priority Technology in a report on Friday. Finally, Keefe, Bruyette & Woods dropped their target price on Priority Technology from $12.00 to $10.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th.Get Priority Technology alerts:Read Our Latest Report on Priority TechnologyPriority Technology Price PerformanceShares of Priority Technology stock traded down $0.18 during midday trading on Monday, hitting $7.48. 173,240 shares of the company were exchanged, compared to its average volume of 580,881. The firm has a 50 day simple moving average of $7.73 and a 200-day simple moving average of $8.08. Priority Technology has a 52 week low of $4.31 and a 52 week high of $12.47. The firm has a market cap of $597.40 million, a P/E ratio of 28.87 and a beta of 1.51. Priority Technology (NASDAQ:PRTH - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.01. Priority Technology had a negative return on equity of 47.35% and a net margin of 4.03%. The company had revenue of $239.81 million during the quarter, compared to the consensus estimate of $239.63 million. Equities research analysts expect that Priority Technology will post -0.09 earnings per share for the current year. Insider Buying and SellingIn other news, General Counsel Bradley J. Miller sold 100,000 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $8.55, for a total transaction of $855,000.00. Following the transaction, the general counsel owned 243,620 shares in the company, valued at approximately $2,082,951. This trade represents a 29.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Marietta Davis sold 9,433 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $7.22, for a total value of $68,106.26. Following the transaction, the director owned 75,136 shares in the company, valued at approximately $542,481.92. This trade represents a 11.15% decrease in their position. The disclosure for this sale can be found here. 66.20% of the stock is currently owned by company insiders. Institutional Investors Weigh In On Priority TechnologyA number of large investors have recently modified their holdings of the business. Steamboat Capital Partners LLC boosted its holdings in shares of Priority Technology by 200.6% during the 1st quarter. Steamboat Capital Partners LLC now owns 2,400,000 shares of the company's stock valued at $16,356,000 after acquiring an additional 1,601,491 shares in the last quarter. Invesco Ltd. acquired a new position in Priority Technology during the 4th quarter worth about $4,883,000. Jacobs Levy Equity Management Inc. acquired a new position in Priority Technology during the 1st quarter worth about $2,809,000. Divisadero Street Capital Management LP acquired a new position in Priority Technology during the 4th quarter worth about $4,524,000. Finally, AQR Capital Management LLC acquired a new position in Priority Technology during the 1st quarter worth about $2,292,000. Institutional investors and hedge funds own 11.52% of the company's stock. About Priority Technology (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.Recommended StoriesFive stocks we like better than Priority TechnologyThe 3 Best Blue-Chip Stocks to Buy NowOracle’s 2025 Rally Is Only Half Over: 5 Reasons WhyMost Volatile Stocks, What Investors Need to KnowInvest in AI and Energy Infrastructure With These 5 ETFsExpert Stock Trading Psychology Tips3 Natural Gas Stocks Powering the AI Data Center BoomThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Priority Technology Right Now?Before you consider Priority Technology, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Priority Technology wasn't on the list.While Priority Technology currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here