Priority Technology (PRTH)

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Wall Street Analysts Believe Priority Technology (PRTH) Could Rally 36.92%: Here's is How to Trade
ZACKS· 2024-12-12 15:55
Core Viewpoint - Priority Technology (PRTH) has shown a significant price increase of 17% over the past four weeks, with a mean price target of $13.50 indicating a potential upside of 36.9% from its current price of $9.86 [1] Price Targets - The average price targets from analysts range from a low of $10 to a high of $16, with a standard deviation of $2.65, suggesting variability in estimates [2] - The lowest estimate indicates a modest increase of 1.4%, while the highest estimate suggests a substantial upside of 62.3% [2] Analyst Sentiment - There is strong agreement among analysts regarding PRTH's ability to report better earnings than previously predicted, which supports the potential for stock upside [4] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 10%, with no negative revisions [10] Zacks Rank - PRTH holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating a strong potential for near-term upside [11] Earnings Estimate Revisions - A positive trend in earnings estimate revisions has been correlated with near-term stock price movements, suggesting that the recent optimism among analysts could lead to further price increases [9][12]
Is Priority Technology (PRTH) Stock Undervalued Right Now?
ZACKS· 2024-12-12 15:41
Core Insights - The article emphasizes the importance of a ranking system focused on earnings estimates and revisions to identify winning stocks, while also considering various investment strategies such as value, growth, and momentum [1][2] Value Investing - Value investing is highlighted as a favored strategy that seeks to identify companies undervalued by the market, utilizing various valuation metrics [2] - The Zacks Style Scores system is mentioned, particularly its "Value" category, which helps investors find stocks with high value grades and strong Zacks Ranks [3] Company Spotlight: Priority Technology (PRTH) - Priority Technology (PRTH) is noted for having a Zacks Rank of 2 (Buy) and an A grade for Value, indicating it is a strong candidate for value investors [4] - PRTH's Forward P/E ratio is reported at 14.03, significantly lower than the industry average of 40.84, suggesting it may be undervalued [4] - The stock's Forward P/E has fluctuated between a high of 22.72 and a low of -4,545.91 over the past 52 weeks, with a median of -16.29 [4] - The P/S ratio for PRTH is 0.89, compared to the industry's average of 1.65, further indicating its potential undervaluation [5] - Overall, PRTH's strong value metrics and positive earnings outlook position it as an impressive value stock at this time [6]
Priority Technology (PRTH) Shows Fast-paced Momentum But Is Still a Bargain Stock
ZACKS· 2024-12-04 14:50
Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point for fast-moving stocks, which can lead to investments with limited upside or potential downside [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify these opportunities [3] Group 2: Case Study - Priority Technology (PRTH) - Priority Technology (PRTH) has shown significant recent price momentum, with a four-week price change of 76.2%, indicating growing investor interest [4] - Over the past 12 weeks, PRTH's stock has gained 76.5%, and it has a beta of 1.2, suggesting it moves 20% more than the market in either direction [5] - PRTH has a Momentum Score of A, indicating a favorable time to invest based on its momentum characteristics [6] Group 3: Earnings Estimates and Valuation - An upward trend in earnings estimate revisions has contributed to PRTH earning a Zacks Rank 2 (Buy), which is associated with strong momentum effects [7] - PRTH is currently trading at a Price-to-Sales ratio of 0.90, suggesting it is undervalued as investors pay only 90 cents for each dollar of sales [7] Group 4: Additional Opportunities - Besides PRTH, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - The Zacks Premium Screens offer over 45 different strategies tailored to help investors find winning stock picks [9]
What Makes Priority Technology (PRTH) a Strong Momentum Stock: Buy Now?
ZACKS· 2024-11-29 18:00
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...
Should Value Investors Buy Priority Technology (PRTH) Stock?
ZACKS· 2024-11-26 15:40
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Valu ...
Priority Technology (PRTH) - 2024 Q3 - Earnings Call Transcript
2024-11-10 01:11
Priority Technology Holdings, Inc. (NASDAQ:PRTH) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Chris Kettmann - Investor Relations Tom Priore - Chairman & Chief Executive Officer Tim O'Leary - Chief Financial Officer Conference Call Participants Brian Kinstlinger - Alliance Global Partners Jacob Stephan - Lake Street Capital Markets Hal Goetsch - Loop Capital Clark Orsky - Obra Capital Operator Good day, and welcome to the Priority Technology Holdings Third Quarter 2024 ...
Priority Technology (PRTH) - 2024 Q3 - Quarterly Report
2024-11-07 13:12
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-37872 Priority Technology Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 47-4257046 (State or other ju ...
Priority Technology (PRTH) - 2024 Q3 - Quarterly Results
2024-11-07 12:05
EXHIBIT 99.1 Priority Investor Inquiries: Chris Kettmann Chris.Kettmann@dgagroup.com (773) 497-7575 Priority Technology Holdings, Inc. Announces Third Quarter Financial Results Strong Third Quarter Growth Driven by Performance Across Unified Commerce Platform ALPHARETTA, GA - November 7, 2024 -- Priority Technology Holdings, Inc. (NASDAQ: PRTH) ("Priority" or the "Company"), the payments and banking fintech that streamlines collecting, lending, and sending money to unlock revenue opportunities, today announ ...
Priority Technology (PRTH) - 2024 Q2 - Earnings Call Transcript
2024-08-11 12:26
Priority Technology Holdings, Inc. (NASDAQ:PRTH) Q2 2024 Earnings Conference Call August 8, 2024 11:00 AM ET Company Participants Chris Kettmann - Investor Relations Tom Priore - Chairman & Chief Executive Officer Tim O'Leary - Chief Financial Officer Conference Call Participants Tim Switzer - KBW Jacob Stephan - Lake Street Operator Good day, and welcome to the Priority Technology Holdings Second Quarter 2024 Earnings Call. All participants will be in listen-only mode. [Operator Instructions] After today's ...
Priority Technology (PRTH) - 2024 Q2 - Earnings Call Presentation
2024-08-09 04:09
| --- | --- | --- | |-------|-------|-------| | | | | | | | | | | | | Disclaimer 2 Important Notice Regarding Forward-Looking Statements and Non-GAAP Measures This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services, and ot ...