Sean Kiewiet Sells 4,300 Shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 4,300 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $5.30, for a total value of $22,790.00. Following the completion of the sale, the insider now owns 1,060,858 shares in the company, valued at approximately $5,622,547.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, November 4th, Sean Kiewiet sold 5,700 shares of Priority Technology stock. The stock was sold at an average price of $5.11, for a total value of $29,127.00.
• 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 stock was 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 stock was sold at an average price of $5.90, for a total value 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 value of $50,200.00.

Priority Technology Trading Up 17.9 %

Shares of NASDAQ:PRTH opened at $6.64 on Thursday. The company has a market capitalization of $510.16 million, a PE ratio of -10.22 and a beta of 1.01. Priority Technology Holdings, Inc. has a 12-month low of $2.79 and a 12-month high of $7.38. The business’s fifty day simple moving average is $6.09 and its 200-day simple moving average is $5.10.

Priority Technology (NASDAQ:PRTH) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.12) earnings per share for the quarter. The business had revenue of $219.87 million during the quarter. Priority Technology had a negative return on equity of 9.60% and a net margin of 0.74%.

Institutional Trading of Priority Technology

Institutional investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in shares of Priority Technology in the 1st quarter worth $50,000. Williams & Novak LLC acquired a new stake in Priority Technology during the 2nd quarter worth about $77,000. State Board of Administration of Florida Retirement System acquired a new stake in Priority Technology during the 1st quarter worth about $91,000. Jacobs Levy Equity Management Inc. acquired a new stake in Priority Technology during the 1st quarter worth about $164,000. Finally, Renaissance Technologies LLC acquired a new stake in Priority Technology during the 2nd quarter worth about $202,000. Institutional investors and hedge funds own 11.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. B. Riley raised their price objective on Priority Technology from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Keefe, Bruyette & Woods lifted their price target on Priority Technology from $4.50 to $5.00 and gave the company a “market perform” rating in a report on Friday, August 9th.

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.