B. Riley Securities Upgrades Priority Technology Holdings (PRTH)
Fintel reports that on December 15, 2023, B. Riley Securities upgraded their outlook for Priority Technology Holdings (NASDAQ:PRTH) from Neutral to Buy .
Analyst Price Forecast Suggests 59.77% Upside
As of November 26, 2023, the average one-year price target for Priority Technology Holdings is 6.50. The forecasts range from a low of 4.54 to a high of $9.45. The average price target represents an increase of 59.77% from its latest reported closing price of 4.07.
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The projected annual revenue for Priority Technology Holdings is 739MM, an increase of 0.64%. The projected annual non-GAAP EPS is 0.32.
What is the Fund Sentiment?
There are 104 funds or institutions reporting positions in Priority Technology Holdings. This is an increase of 2 owner(s) or 1.96% in the last quarter. Average portfolio weight of all funds dedicated to PRTH is 0.02%, an increase of 90.88%. Total shares owned by institutions increased in the last three months by 0.59% to 9,086K shares.
What are Other Shareholders Doing?
Stone Point Capital holds 5,193K shares representing 6.77% ownership of the company. No change in the last quarter.
TimesSquare Capital Management holds 1,078K shares representing 1.41% ownership of the company. In it's prior filing, the firm reported owning 1,085K shares, representing a decrease of 0.65%. The firm decreased its portfolio allocation in PRTH by 3.47% over the last quarter.
Geode Capital Management holds 313K shares representing 0.41% ownership of the company. In it's prior filing, the firm reported owning 317K shares, representing a decrease of 1.13%. The firm decreased its portfolio allocation in PRTH by 10.28% over the last quarter.
VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 258K shares representing 0.34% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 240K shares representing 0.31% ownership of the company. No change in the last quarter.
Priority Technology Holdings Background Information
(This description is provided by the company.)
Priority is a leading provider of merchant acquiring, integrated payment software and corporate payment solutions, offering unique product and service capabilities to its merchant network and distribution partners. Priority's enterprise operates from a purpose-built payments infrastructure that includes tailored customer service offerings and bespoke technology development, allowing the Company to provide end-to-end solutions for payment and payment-adjacent software.
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This story originally appeared on Fintel.