Priority Technology Holdings, Inc. (NASDAQ:PRTH) Insider Sells $22,790.00 in Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 4,300 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $5.30, for a total value of $22,790.00. Following the completion of the transaction, the insider now directly owns 1,060,858 shares of the company’s stock, valued at approximately $5,622,547.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, November 4th, Sean Kiewiet sold 5,700 shares of Priority Technology stock. The shares were sold at an average price of $5.11, for a total value of $29,127.00.
• On Thursday, October 3rd, Sean Kiewiet sold 4,483 shares of Priority Technology stock. The shares were sold at an average price of $6.00, for a total value of $26,898.00.
• On Tuesday, October 1st, Sean Kiewiet sold 11,664 shares of Priority Technology stock. The shares were sold at an average price of $6.61, for a total value of $77,099.04.
• On Thursday, September 5th, Sean Kiewiet sold 4,954 shares of Priority Technology stock. The shares were sold at an average price of $5.41, for a total value of $26,801.14.
• On Tuesday, September 3rd, Sean Kiewiet sold 7,201 shares of Priority Technology stock. The shares were sold at an average price of $5.90, for a total value of $42,485.90.
• On Wednesday, August 7th, Sean Kiewiet sold 10,000 shares of Priority Technology stock. The shares were sold at an average price of $5.02, for a total value of $50,200.00.

Priority Technology Stock Up 17.9 %

Shares of Priority Technology stock opened at $6.64 on Thursday. Priority Technology Holdings, Inc. has a twelve month low of $2.79 and a twelve month high of $7.38. The business has a 50-day moving average price of $6.09 and a 200 day moving average price of $5.10. The firm has a market cap of $510.16 million, a PE ratio of -10.22 and a beta of 1.01.

Priority Technology (NASDAQ:PRTH) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.12) EPS for the quarter. Priority Technology had a negative return on equity of 9.60% and a net margin of 0.74%. The firm had revenue of $219.87 million for the quarter.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PRTH shares. B. Riley lifted their price target on Priority Technology from $11.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Keefe, Bruyette & Woods lifted their price target on Priority Technology from $4.50 to $5.00 and gave the company a “market perform” rating in a research note on Friday, August 9th.

Institutional Investors Weigh In On Priority Technology

Several large investors have recently bought and sold shares of the company. Williams & Novak LLC purchased a new stake in Priority Technology during the 2nd quarter worth approximately $77,000. Virtu Financial LLC purchased a new stake in Priority Technology during the 1st quarter worth approximately $50,000. State Board of Administration of Florida Retirement System purchased a new stake in Priority Technology during the 1st quarter worth approximately $91,000. Renaissance Technologies LLC purchased a new stake in Priority Technology during the 2nd quarter worth approximately $202,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Priority Technology during the 1st quarter worth approximately $164,000. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

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.