Priority Technology Holdings, Inc. (NASDAQ:PRTH) Insider Sells $29,127.00 in Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 5,700 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $5.11, for a total transaction of $29,127.00. Following the transaction, the insider now owns 1,055,158 shares in the company, valued at $5,391,857.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, November 1st, Sean Kiewiet sold 4,300 shares of Priority Technology stock. The shares were sold at an average price of $5.30, for a total value of $22,790.00.
• On Thursday, October 3rd, Sean Kiewiet sold 4,483 shares of Priority Technology stock. The stock was 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 stock was 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 transaction of $42,485.90.
• On Wednesday, August 7th, Sean Kiewiet sold 10,000 shares of Priority Technology stock. The stock was sold at an average price of $5.02, for a total transaction of $50,200.00.

Priority Technology Price Performance

Priority Technology stock traded up $0.58 during mid-day trading on Tuesday, reaching $5.63. The stock had a trading volume of 89,893 shares, compared to its average volume of 49,090. Priority Technology Holdings, Inc. has a one year low of $2.79 and a one year high of $7.38. The company has a 50-day moving average price of $6.08 and a two-hundred day moving average price of $5.09. The company has a market capitalization of $432.55 million, a price-to-earnings ratio of -8.66 and a beta of 1.01.

Priority Technology (NASDAQ:PRTH) last issued its earnings results on Thursday, August 8th. The company reported ($0.12) earnings per share (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 during the quarter.

Institutional Trading of Priority Technology

Institutional investors have recently added to or reduced their stakes in the business. Williams & Novak LLC bought a new position in shares of Priority Technology during the second quarter valued at $77,000. Virtu Financial LLC purchased a new position in Priority Technology in the 1st quarter worth about $50,000. State Board of Administration of Florida Retirement System bought a new position in Priority Technology during the 1st quarter valued at about $91,000. Renaissance Technologies LLC purchased a new stake in shares of Priority Technology during the 2nd quarter valued at about $202,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Priority Technology in the first quarter worth approximately $164,000. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PRTH shares. Keefe, Bruyette & Woods upped their price objective on shares of Priority Technology from $4.50 to $5.00 and gave the stock a “market perform” rating in a report on Friday, August 9th. B. Riley upped their price target on Priority Technology from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd.

About Priority Technology

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.