Priority Technology Holdings Inc (NASDAQ: PRTH) is -24.26% lower on its value in year-to-date trading and has touched a low of $2.82 and a high of $12.44 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PRTH stock was last observed hovering at around $8.66 in the last trading session, with the day’s gains setting it 0.24%.
Currently trading at $8.90, the stock is -13.50% and -4.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing 2.77% at the moment leaves the stock 47.69% off its SMA200. PRTH registered 171.34% gain for a year compared to 6-month gain of 61.52%. The firm has a 50-day simple moving average (SMA 50) of $9.333 and a 200-day simple moving average (SMA200) of $6.0261.
The stock witnessed a -3.05% loss in the last 1 month and extending the period to 3 months gives it a 36.71%, and is -16.82% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 14.14% over the week and 10.80% over the month.
Priority Technology Holdings Inc (PRTH) has around 983 employees, a market worth around $687.06M and $851.91M in sales. Fwd P/E is 14.30. Profit margin for the company is -3.85%. Distance from 52-week low is 215.71% and -28.43% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.39%).
with sales reaching $227.19M over the same period.The EPS is expected to grow by 76.72% this year, but quarterly earnings will post 16.32% year-over-year. Quarterly sales are estimated to grow 14.00% in year-over-year returns.
Priority Technology Holdings Inc (PRTH) Top Institutional Holders
82.0 institutions hold shares in Priority Technology Holdings Inc (PRTH), with institutional investors hold 51.64% of the company’s shares. The shares outstanding are 77.09M, and float is at 14.02M with Short Float at 4.98%. Institutions hold 12.87% of the Float.
The top institutional shareholder in the company is STONE POINT CAPITAL LLC with over 5.19 million shares valued at $27.42 million. The investor’s holdings represent 6.656% of the PRTH Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 0.88 million shares valued at $4.67 million to account for 1.1326 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 0.84 million shares representing 1.0759% and valued at over $4.43 million, while GEODE CAPITAL MANAGEMENT, LLC holds 0.4803 of the shares totaling 0.37 million with a market value of $1.98 million.
Priority Technology Holdings Inc (PRTH) Insider Activity
The most recent transaction is an insider sale by Priore John Vito, the company’s Director. SEC filings show that Priore John Vito sold 2,555 shares of the company’s common stock on Jan 02 ’25 at a price of $11.75 per share for a total of $30021.0. Following the sale, the insider now owns 8.77 million shares.
Priority Technology Holdings Inc disclosed in a document filed with the SEC on Dec 24 ’24 that Kiewiet Sean (Chief Strategy Officer) sold a total of 170,596 shares of the company’s common stock. The trade occurred on Dec 24 ’24 and was made at $10.60 per share for $1.81 million. Following the transaction, the insider now directly holds 0.71 million shares of the PRTH stock.
Still, SEC filings show that on Dec 17 ’24, Kiewiet Sean (Chief Strategy Officer) disposed off 100 shares at an average price of $10.00 for $1000.0. The insider now directly holds 882,449 shares of Priority Technology Holdings Inc (PRTH).
