Insider Selling: Priority Technology Holdings, Inc. (NASDAQ:PRTH) COO Sells 6,615 Shares of Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) COO Ranjana Ram sold 6,615 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $7.44, for a total transaction of $49,215.60. Following the completion of the sale, the chief operating officer now directly owns 686,389 shares in the company, valued at approximately $5,106,734.16. This trade represents a 0.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Ranjana Ram also recently made the following trade(s):

• On Friday, January 17th, Ranjana Ram sold 18,385 shares of Priority Technology stock. The stock was sold at an average price of $7.44, for a total value of $136,784.40.

Priority Technology Trading Up 5.7 %

Shares of PRTH traded up $0.51 during trading hours on Wednesday, reaching $9.47. 803,959 shares of the company’s stock traded hands, compared to its average volume of 934,146. Priority Technology Holdings, Inc. has a 12 month low of $2.82 and a 12 month high of $12.44. The stock has a market cap of $731.07 million, a PE ratio of -22.55 and a beta of 1.17. The firm’s 50 day simple moving average is $9.73 and its 200-day simple moving average is $7.19.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Priority Technology

A number of hedge funds and other institutional investors have recently modified their holdings of PRTH. Rebalance LLC bought a new stake in Priority Technology in the 3rd quarter worth approximately $4,822,000. Jane Street Group LLC lifted its holdings in shares of 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 acquiring an additional 1,293 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Priority Technology by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 396,335 shares of the company’s stock worth $2,707,000 after acquiring an additional 21,598 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Priority Technology by 15.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 56,557 shares of the company’s stock valued at $386,000 after purchasing an additional 7,719 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Priority Technology during the 2nd quarter valued at $202,000. 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.