Priority Technology (NASDAQ:PRTH) Shares Down 0.9%

Priority Technology Holdings, Inc. (NASDAQ:PRTH) fell 0.9% on Tuesday . The stock traded as low as $3.17 and last traded at $3.18. 16,837 shares were traded during trading, a decline of 43% from the average session volume of 29,358 shares. The stock had previously closed at $3.21.

Analyst Upgrades and Downgrades

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

Priority Technology Stock Performance

The business has a 50 day moving average of $3.20 and a two-hundred day moving average of $3.34. The stock has a market capitalization of $236.46 million, a PE ratio of -4.95 and a beta of 0.88.

Priority Technology (NASDAQ:PRTH) last posted its earnings results on Tuesday, March 12th. The company reported ($0.16) earnings per share for the quarter. The firm had revenue of $199.28 million for the quarter, compared to analysts’ expectations of $204.19 million. On average, equities analysts expect that Priority Technology Holdings, Inc. will post -0.27 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Sean Kiewiet sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $3.30, for a total value of $33,000.00. Following the completion of the sale, the insider now directly owns 1,351,853 shares in the company, valued at $4,461,114.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 15,919 shares of company stock valued at $52,136. 77.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Priority Technology

An institutional investor recently raised its position in Priority Technology stock. Panagora Asset Management Inc. grew its holdings in shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) by 22.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,602 shares of the company’s stock after purchasing an additional 7,812 shares during the quarter. Panagora Asset Management Inc. owned approximately 0.06% of Priority Technology worth $152,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.