The stock of Priority Technology Holdings Inc (NASDAQ:PRTH) last traded at $10.06, up 0.40% from the previous session.
PRTH stock price is now 47.43% away from the 50-day moving average and 104.80% away from the 200-day moving average. The market capitalization of the company currently stands at $776.29M.
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With the price target enhanced from $5 to $10, B. Riley Securities Upgraded its rating from Neutral to Buy for Priority Technology Holdings Inc (NASDAQ: PRTH). On October 16, 2023, Keefe Bruyette recently initiated its ‘Mkt Perform’ rating on the stock quoting a target price of $4.50, while ‘Lake Street’ rates the stock as ‘Buy’
In other news, Sean Kiewiet, Officer bought 300,000 shares of the company’s stock on Nov 26 ’24. The stock was bought for $2,622,000 at an average price of $8.74. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 05 ’24, Chief Strategy Officer Kiewiet Sean sold 10,000 shares of the business’s stock. A total of $54,100 was realized by selling the stock at an average price of $5.41. This leaves the insider owning 1,045,158 shares of the company worth $10.51 million. A total of 82.79% of the company’s stock is owned by insiders.
During the past 12 months, Priority Technology Holdings Inc has had a low of $2.79 and a high of $10.05. The fifty day moving average price for PRTH is $6.7494 and a two-hundred day moving average price translates $4.8772 for the stock.
The latest earnings results from Priority Technology Holdings Inc (NASDAQ: PRTH) was released for 2024-09-30. The net profit margin was -3.85% and return on equity was 57.39% for PRTH. The company reported revenue of $227.05 million for the quarter, compared to $189.01 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.12 percent. For the current quarter, analysts expect PRTH to generate $227.93M in revenue.
