In a report released today, Jacob Stephan from Lake Street reiterated a Buy rating on Priority Technology Holdings (PRTH – Research Report), with a price target of $7.00. The company’s shares closed yesterday at $4.00.
According to TipRanks, Stephan is a 3-star analyst with an average return of 15.0% and a 50.00% success rate. Stephan covers the Technology sector, focusing on stocks such as Priority Technology Holdings, Alkami Technology, and Zuora.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Priority Technology Holdings with a $6.00 average price target.
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PRTH market cap is currently $306M and has a P/E ratio of -7.43.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PRTH in relation to earlier this year.
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Priority Technology Holdings, Inc. operates as a blank check company, which was formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination. It operates through the following segments: Consumer Payments and Commercial Payments and Managed Services. The Consumer Payments segment- represents consumer-related services and offerings including merchant acquiring and transaction processing services including the proprietary MX enterprise suite. Either through acquisition of merchant portfolios or through resellers, the Company becomes a party or enters into contracts with a merchant and a sponsor bank. The Commercial Payments and Managed Services segment- represents services provided to certain enterprise customers, including outsourced sales force to those customers and accounts payable automation services to commercial customers. The company was founded on April 23, 2015 and is headquartered in Alpharetta, GA.
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