John Vito Priore Sells 1,242,856 Shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) Director John Vito Priore sold 1,242,856 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $7.44, for a total value of $9,246,848.64. Following the completion of the transaction, the director now owns 4,071,574 shares of the company’s stock, valued at $30,292,510.56. The trade was a 23.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

John Vito Priore also recently made the following trade(s):

• On Friday, January 17th, John Vito Priore sold 3,454,575 shares of Priority Technology stock. The stock was sold at an average price of $7.44, for a total value of $25,702,038.00.

Priority Technology Stock Down 4.6 %

PRTH opened at $9.03 on Friday. The firm has a market cap of $697.12 million, a P/E ratio of -21.50 and a beta of 1.17. Priority Technology Holdings, Inc. has a 52 week low of $2.82 and a 52 week high of $12.44. The business’s fifty day simple moving average is $9.76 and its 200 day simple moving average is $7.21.

Priority Technology (NASDAQ:PRTH) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.12. The business had revenue of $227.05 million for the quarter, compared to analyst estimates of $221.15 million. Priority Technology had a negative return on equity of 15.86% and a net margin of 1.96%. During the same quarter last year, the company earned ($0.16) earnings per share. As a group, equities analysts expect that Priority Technology Holdings, Inc. will post -0.09 EPS for the current fiscal year.

Institutional Trading of Priority Technology

A number of large investors have recently made changes to their positions in PRTH. Virtu Financial LLC acquired a new stake in shares of Priority Technology during the third quarter valued at $91,000. SG Americas Securities LLC acquired a new stake in Priority Technology in the 4th quarter worth about $100,000. BNP Paribas Financial Markets boosted its stake in Priority Technology by 61.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,983 shares of the company’s stock worth $109,000 after buying an additional 6,096 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Priority Technology in the 3rd quarter worth about $112,000. Finally, Jane Street Group LLC boosted its stake in Priority Technology by 6.1% in the 3rd quarter. Jane Street Group LLC now owns 22,347 shares of the company’s stock worth $153,000 after buying an additional 1,293 shares during the last quarter. Institutional investors and hedge funds own 11.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PRTH. Keefe, Bruyette & Woods upgraded Priority Technology from a “market perform” rating to an “outperform” rating and raised their price target for the company from $10.00 to $14.00 in a research report on Thursday, January 16th. B. Riley raised their price target on Priority Technology from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Lake Street Capital raised their price target on Priority Technology from $8.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, November 22nd.

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.