Priority Technology Holdings, Inc. (NASDAQ:PRTH – Get Free Report ) insider Sean Kiewiet sold 9,875 shares of the company's stock in a transaction on Wednesday, May 22. The shares were sold at an average price of $3.45, for a total value of $34,068.75. Following the completion of the sale, the insider now directly owns 1,291,705 shares of the company's stock, valued at $4,456,382.25. The sale was disclosed in a filing with the SEC, which can be accessed on the SEC's website.
Sean Kiewiet has also recently completed the following transactions:
- On Friday, May 24th, Sean Kiewiet sold 9,852 shares of Priority Technology stock. The shares were sold at an average price of $4.51, for a total value of $44,432.52.
- On Monday, May 20th, Sean Kiewiet sold 21,100 shares of Priority Technology stock. The shares were sold at an average price of $3.48, for a total value of $73,428.00.
- On Thursday, May 16th, Sean Kiewiet sold 8,061 shares of Priority Technology stock. The shares were sold at an average price of $3.46, for a total value of $27,891.06.
- On Tuesday, May 14th, Sean Kiewiet sold 6,001 shares of Priority Technology stock. The shares were sold at an average price of $3.54, for a total value of $21,243.54.
- On Wednesday, May 1st, Sean Kiewiet sold 1,305 shares of Priority Technology stock. The shares were sold at an average price of $3.18, for a total value of $4,149.90.
- On Monday, April 1st, Sean Kiewiet sold 10,000 shares of Priority Technology stock. The shares were sold at an average price of $3.30, for a total value of $33,000.
Preferred technology deals up 6.7%
Priority Technology shares opened trading at $4.46 on Friday. Priority Technology Holdings Inc. has a 12-month low of $2.62 and a 12-month high of $5.03. The stock's 50-day moving average is $3.32 and its 200-day moving average is $3.36. The stock has a market capitalization of $357.11 million, a price-to-earnings ratio of -7.69 and a beta of 0.87.
Priority Technology (NASDAQ:PRTH – get free report ) last released its quarterly earnings data on Thursday, May 9th. The company announced quarterly earnings per share of ($0.10), beating analysts' consensus estimates of ($0.12) by $0.02. Priority Technology had a return on equity of -3.11% and a net margin of 0.57%. The company had revenue of $205.72 million for the quarter, compared to analysts' estimates of $209.08 million. During the same period last year, the company earned an EPS of ($0.15). Equity analysts expect Priority Technology Holdings, Inc. to post earnings per share of -0.27 for the current year.
Hedge funds get in on preferred tech
Large investors have recently modified their holdings in the business. PFG Investments LLC purchased a new stake in Priority Technology in the first quarter valued at approximately $37,000. Virtu Financial LLC purchased a new stake in Priority Technology in the first quarter valued at approximately $50,000. Florida State Retirement System Trustee purchased a new stake in Priority Technology in the first quarter valued at approximately $91,000. Panagora Asset Management Inc. increased its holdings in Priority Technology by 22.5% in the fourth quarter. Panagora Asset Management Inc. now owns 42,602 shares of the company's stock valued at $152,000 after purchasing an additional 7,812 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Priority Technology during the first quarter valued at about $164,000. 11.52% of the stock is owned by hedge funds and other institutional investors.
What Wall Street analysts are saying
Meanwhile, B. Riley increased their price objective on Priority Technology from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th.
Read the latest stock analysis for Priority Technology
About Priority Technology
(Get your free report)
Priority Technology Holdings, Inc operates as a payments technology company in the United States. The company operates through three segments: Small and Medium Business (SMB) Payments, Business to Business (B2B) Payments, and Enterprise Payments. Through its MX product suite, the company offers SMB payment processing solutions for B2C transactions through independent sales organizations, financial institutions, independent software vendors, and other referral partners. The MX product suite includes MX Connect and MX Merchant products such as MX Insights, MX Storefront, MX Retail, MX Invoice, MX B2B, and ACH.com, providing its core payment processing reseller and merchant clients with a flexible, customizable set of business applications that help them manage their critical business operational functions and revenue performance.
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