Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [1] - Identifying the right entry point for fast-moving stocks is challenging, and investors may end up with expensive shares that have limited upside [1] Group 2: Bargain Stocks with Momentum - Investing in bargain stocks that have recently shown price momentum may be a safer strategy [2] - The Zacks Momentum Style Score is useful for identifying strong momentum stocks, while the 'Fast-Paced Momentum at a Bargain' screen helps find attractively priced fast-moving stocks [2] Group 3: Priority Technology (PRTH) Analysis - Priority Technology (PRTH) has shown a price increase of 3.5% over the past four weeks, indicating growing investor interest [3] - PRTH gained 23.8% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [4] - The stock has a beta of 1.2, suggesting it moves 20% higher than the market in either direction [4] Group 4: Valuation and Earnings Estimates - PRTH has a Momentum Score of A, indicating a favorable time to invest [5] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [6] - PRTH is trading at a Price-to-Sales ratio of 0.78, meaning investors pay 78 cents for each dollar of sales, indicating a reasonable valuation [6] Group 5: Additional Investment Opportunities - PRTH has potential for further growth at a fast pace, and there are other stocks that meet the 'Fast-Paced Momentum at a Bargain' criteria [7]

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]

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]

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]

Company Overview - Priority Technology (PRTH) currently has a Momentum Style Score of A, indicating strong potential for momentum investing [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [3] Price Performance - Over the past week, PRTH shares increased by 0.38%, while the Zacks Technology Services industry rose by 2.05% [6] - In the last month, PRTH's price surged by 86.64%, significantly outperforming the industry's 2.62% [6] - Over the past quarter, PRTH shares have risen by 83.91%, and over the last year, they have increased by 235.33%, compared to the S&P 500's gains of 7.61% and 33.32% respectively [7] Trading Volume - The average 20-day trading volume for PRTH is 240,651 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, one earnings estimate for PRTH has been revised upward, while none have been lowered, improving the consensus estimate from -$0.42 to -$0.20 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [10] Conclusion - Given the strong momentum indicators and positive earnings outlook, PRTH is recommended as a stock to watch for potential near-term gains [11]

Financial Data and Key Metrics Changes - In Q3 2024, the company reported revenue of $227 million, an increase of over 20% from the prior year, with adjusted gross profit rising to $86 million and adjusted EBITDA improving by 22% to $54.6 million [11][12][38] - The adjusted gross profit margin decreased by 40 basis points to 37.9%, primarily due to the Plastiq acquisition, but excluding this impact, margins actually increased by 16 basis points year-over-year [12][22] - Full year revenue guidance has been raised to $875 to $883 million, reflecting a 16% increase over 2023, while adjusted EBITDA guidance has been increased to $200 million to $204 million, representing an 18% to 21% increase over 2023 [13][44] Business Line Data and Key Metrics Changes - The SMB segment generated Q3 revenue of $158.8 million, up 13.2% year-over-year, with bank card dollar volume increasing to $15.5 billion [26][27] - The B2B segment saw revenue of $22.1 million, a 58.3% increase, with Plastiq contributing $8 million to this growth [30] - The enterprise segment reported Q3 revenue of $47.1 million, a 33.9% increase, with adjusted gross profit margins at 93.6% [33][35] Market Data and Key Metrics Changes - The company processed nearly $127 billion in annual transaction volume over the past 12 months, with over 1.1 million customer accounts on its commerce platform [10] - The recurring nature of the business model remains strong, with 60% of adjusted gross profit in Q3 coming from monthly fees or revenues not dependent on transactions [21] Company Strategy and Development Direction - The company is focused on continued innovation in its SaaS payments and banking solutions, leveraging the Priority commerce engine to meet evolving customer needs [18][56] - The strategy includes capitalizing on market trends and enhancing the unified commerce platform to provide comprehensive financial solutions [48][52] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning regardless of political changes, noting potential regulatory easing in certain sectors [60] - The outlook for 2025 includes expectations for continued high growth in the B2B segment and opportunities in embedded finance, which have not yet been fully reflected in financial projections [62][66] Other Important Information - The company ended Q3 with total debt of $832.9 million and net debt of $791.8 million, with $70 million of borrowing capacity available under a revolving credit facility [40] - The preferred stock on the balance sheet totaled $105.1 million, with a reduced quarterly dividend of $4.8 million due to a recapitalization effort [41][42] Q&A Session Summary Question: Impact of election results on outlook - Management indicated that the change in administration does not alter their outlook, suggesting potential regulatory easing could provide a tailwind for certain segments [60] Question: Revenue drivers for 2025 - Management highlighted the B2B segment's growth and the adoption of working capital solutions as key revenue drivers, with embedded finance presenting additional upside opportunities [62][63] Question: Trends in enterprise segment enrollments - Management confirmed strong trends in the enterprise segment, with consistent year-over-year growth in enrollments [70] Question: EBITDA to cash flow conversion and leverage reduction strategies - Management is continuously evaluating opportunities to optimize the balance sheet and reduce leverage, with no imminent asset sales planned [72][73] Question: Competitive landscape in SMB - Management expressed confidence in gaining market share in the SMB segment, driven by strong reseller relationships and the adoption of new products [88][90]

Priority Technology Holdings, Inc. (NASDAQ:PRTH) Q1 2024 Earnings Conference Call May 9, 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 First Quarter 2024 Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note, today's eve ...

(Former name, former address and former fiscal year, if changed since last report) 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 March 31, 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 ...

EXHIBIT 99.1 Priority Investor Inquiries: Chris Kettmann chris.kettmann@dentonsglobaladvisors.com (773) 497-7575 Priority Technology Holdings, Inc. Announces First Quarter Financial Results Strong First Quarter Growth Driven by Performance Across Unified Commerce Platform ALPHARETTA, GA - May 9, 2024 -- Priority Technology Holdings, Inc. (NASDAQ: PRTH) ("Priority" or the "Company"), the platform for unified commerce that delivers integrated payments and banking services at scale, today announced its first q ...

Priority Technology Holdings, Inc. (NASDAQ:PRTH) Q4 2023 Earnings Conference Call March 12, 2024 11:00 AM ET Company Participants Chris Kettmann - Investor Relations Thomas Priore - Chief Executive Officer Tim O'Leary - Chief Financial Officer Conference Call Participants Jacob Stephan - Lake Street Capital Markets Tim Switzer - KBW Brian Kinstlinger - Alliance Global Partners Harold Goetsch - B. Riley Operator Good morning and welcome to the Priority Technology Holdings' Fourth Quarter and 2023 Earnings Co ...