Priority Technology Holdings, Inc. (NASDAQ:PRTH) Insider Sean Kiewiet Sells 5,700 Shares

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 5,700 shares of Priority Technology stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $5.11, for a total value of $29,127.00. Following the completion of the transaction, the insider now owns 1,055,158 shares in the company, valued at $5,391,857.38. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $5.30, for a total transaction 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 stock was 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 shares were sold at an average price of $5.02, for a total transaction of $50,200.00.

Priority Technology Price Performance

PRTH opened at $5.63 on Wednesday. The firm has a fifty day moving average price of $6.08 and a 200 day moving average price of $5.09. Priority Technology Holdings, Inc. has a 1 year low of $2.79 and a 1 year high of $7.38. The stock has a market cap of $432.55 million, a P/E ratio of -8.66 and a beta of 1.01.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Priority Technology

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

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.