Stocks of Priority Technology Holdings Inc (NASDAQ:PRTH) traded higher last session on Wall Street, up 2.70% to $11.43.
PRTH stock price is now 13.94% away from the 50-day moving average and 71.05% away from the 200-day moving average. The market capitalization of the company currently stands at $882.40M.
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With the price target enhanced from $10 to $14, Keefe Bruyette Upgraded its rating from Mkt Perform to Outperform for Priority Technology Holdings Inc (NASDAQ: PRTH). On December 15, 2023, B. Riley Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $5 to quote $10, while ‘Keefe Bruyette’ rates the stock as ‘Mkt Perform’
In other news, Priore John Vito, Director sold 3,454,575 shares of the company’s stock on Jan 17 ’25. The stock was sold for $25,702,038 at an average price of $7.44. Upon completion of the transaction, the Director now directly owns 5,314,430 shares in the company, valued at $60.74 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 21 ’25, Director Priore John Vito sold 1,242,856 shares of the business’s stock. A total of $9,246,849 was realized by selling the stock at an average price of $7.44. This leaves the insider owning 4,071,574 shares of the company worth $46.54 million. A total of 68.39% of the company’s stock is owned by insiders.
During the past 12 months, Priority Technology Holdings Inc has had a low of $2.82 and a high of $12.44. The fifty day moving average price for PRTH is $10.0312 and a two-hundred day moving average price translates $6.6824 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.
