Priority Technology (NASDAQ:PRTH) Issues Earnings Results

Priority Technology (NASDAQ:PRTH) issued its earnings results on Thursday. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05, Zacks reports. The firm had revenue of $268.62 million for the quarter, compared to analysts’ expectations of $259.50 million. Priority Technology had a net margin of 5.61% and a negative return on equity of 104.91%.

Priority Technology Stock Performance

Shares of NASDAQ PRTH traded up $0.01 during trading on Friday, reaching $7.88. The company had a trading volume of 727,988 shares, compared to its average volume of 561,650. The business’s 50 day moving average price is $7.17 and its 200-day moving average price is $6.14. The stock has a market cap of $649.63 million, a PE ratio of 16.08 and a beta of 1.74. Priority Technology has a 52 week low of $4.44 and a 52 week high of $7.94.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Alliance Global Partners cut Priority Technology from a “buy” rating to a “neutral” rating and set a $7.00 price target on the stock. in a report on Thursday, August 6th. Weiss Ratings upgraded Priority Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Keefe, Bruyette & Woods boosted their target price on Priority Technology from $6.50 to $8.00 and gave the company a “market perform” rating in a research note on Tuesday, September 22nd. B. Riley Financial lowered Priority Technology from a “buy” rating to a “neutral” rating and set a $8.05 target price for the company. in a report on Friday, October 2nd. Finally, Zacks Research downgraded shares of Priority Technology from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $8.18.

Priority Technology Company Profile

Priority Technology Holdings, Inc (NASDAQ: PRTH) is a payments technology company that provides payment processing and commerce solutions to businesses, software providers and financial institutions. Its platform supports card and electronic payment acceptance across in-person, online and mobile channels, as well as related payment and reporting functions.

The company offers integrated payments and embedded payment capabilities that can be incorporated into business-management and vertical-market software.