Priority Technology Holdings, Inc. provides merchant acquiring, integrated payment software, and commercial payment solutions in the United States. It operates through three segments: Consumer Payments, Commercial Payments, and Integrated Partners. The company offers MX product suite, including MX ISO/Agent and VIMAS reseller technology systems, and MX Merchant products, such as MX Insights, MX Storefront, MX Retail, MX Invoice, MX B2B, ACH.com, and others, which provide resellers and merchant clients a customizable set of business applications that enable business work functions and revenue performance management. It also offers CPX, a solution suite that offers automated payment services for customers, including virtual payments, purchase cards, electronic funds transfers, ACH payments, and check payments. In addition, the company provides curated managed services and a suite of integrated accounts payable automation solutions to various financial institutions and card networks; and payment-adjacent technologies to facilitate the acceptance of electronic payments from customers in the rental real estate, rental storage, medical, and hospitality industries. Further, it offers managed services solutions that provide audience-specific programs for institutional partners and other third parties; and consulting and development solutions. The company serves small and medium size businesses, and enterprises, as well as distribution partners, including retail and wholesale independent sales organizations, financial institutions, and independent software vendors. Priority Technology Holdings, Inc. was founded in 2005 and is headquartered in Alpharetta, Georgia.
IPO Year: 2016
Exchange: NASDAQ
Website: prth.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/15/2023 | $5.00 → $10.00 | Neutral → Buy | B. Riley Securities |
| 10/16/2023 | $4.50 | Mkt Perform | Keefe Bruyette |
| 7/31/2023 | $7.00 | Buy | Lake Street |
| 6/23/2023 | $5.00 | Neutral | B. Riley Securities |
| 3/30/2022 | $14.00 | Buy | B. Riley Securities |
8-K - Priority Technology Holdings, Inc. (0001653558) (Filer)
10-Q - Priority Technology Holdings, Inc. (0001653558) (Filer)
8-K - Priority Technology Holdings, Inc. (0001653558) (Filer)
10-Q - Priority Technology Holdings, Inc. (0001653558) (Filer)
8-K - Priority Technology Holdings, Inc. (0001653558) (Filer)
8-K - Priority Technology Holdings, Inc. (0001653558) (Filer)
8-K - Priority Technology Holdings, Inc. (0001653558) (Filer)
10-Q - Priority Technology Holdings, Inc. (0001653558) (Filer)
8-K - Priority Technology Holdings, Inc. (0001653558) (Filer)
8-K - Priority Technology Holdings, Inc. (0001653558) (Filer)
B. Riley Securities upgraded Priority Technology Holdings from Neutral to Buy and set a new price target of $10.00 from $5.00 previously
Keefe Bruyette initiated coverage of Priority Technology Holdings with a rating of Mkt Perform and set a new price target of $4.50
Lake Street initiated coverage of Priority Technology Holdings with a rating of Buy and set a new price target of $7.00
B. Riley Securities resumed coverage of Priority Technology Holdings with a rating of Neutral and set a new price target of $5.00
B. Riley Securities initiated coverage of Priority Technology Holdings with a rating of Buy and set a new price target of $14.00
Cowen resumed coverage of Priority Technology Holdings with a rating of Outperform
Roth Capital reiterated coverage of Priority Technology with a rating of Buy and set a new price target of $13.00 from $8.00 previously
Alliance Global Partners reiterated coverage of Priority Technology with a rating of and set a new price target of $18.50 from $16.00 previously
Alliance Global Partners initiated coverage of Priority Technology Holdings with a rating of Buy and set a new price target of $16.00
Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), the payments and banking solution that streamlines collecting, storing, lending and sending money to unlock revenue opportunities, today announced the successful redemption in full of the remaining preferred stock on its balance sheet. The redemption was completed with proceeds from a $115 million increase to its existing term loan due May 2031. The redemption totaled $113.3 million, including accrued but unpaid dividends of $2.6 million. The redemption of the remaining preferred stock follows Priority's establishment of a new $835 million term loan and concurrent redemption of approximately $170 million of pr
Strong Third Quarter Growth Driven by Performance Across Unified Commerce Platform 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 announced its third quarter 2024 financial results including strong year-over-year diversified revenue growth. Highlights of Consolidated Results Third Quarter 2024 Compared with Third Quarter 2023 Financial highlights of the third quarter of 2024 compared with the third quarter of 2023, are as follows1: Revenue of $227.0 million increased 20.1% from $189.0 million Adjusted gross profit (a non-GAA
Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), the payments and banking fintech that streamlines collecting, storing, lending and sending money to unlock revenue opportunities, today announced that it will release its third quarter 2024 financial results before financial markets open on Thursday, November 7, 2024. In addition, the Company will host a conference call and webcast to review its financial and operating results. A question-and-answer session will follow. Third Quarter 2024 Conference Call Thursday, November 7, 2024 11:00 a.m. Eastern Time Phone: US/Canada: (833) 636-1319 or International: (412) 902-4286 Internet webcast link and accompanying s
Priority has announced a significant change to its bill pay solution, Plastiq. Effective immediately, Plastiq is removing its subscription tiers, making all features – including those previously reserved for premium plans – completely free to use for all businesses. Users will only pay a transparent transaction fee per use. "At Priority, we understand the challenges businesses face in managing cash flow and optimizing their financial health," said Lauren Hearne, VP, Relationship Sales and Management for Plastiq at Priority. "By eliminating subscription fees and opening up all of Plastiq's capabilities to everyone, we're empowering businesses of all sizes to take greater control of their fi
Priority, the payments and banking fintech that streamlines collecting, storing, lending and sending money to unlock revenue opportunities, has announced significant enhancements to its Passport product within its banking and treasury solutions platform. Passport seamlessly integrates payments, treasury and banking services on a scalable, native platform. It helps businesses of all sizes accelerate cash flow, streamline transaction reconciliation, and optimize working capital. New enhancements to Passport include: The ability for customers to passively earn money on idle funds – Cash Builder is an FDIC-insured savings account with competitive interest rates. Passport Cash Builder also i
Strong Second Quarter Growth Driven by Performance Across Unified Commerce Platform 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 second quarter 2024 financial results including strong year-over-year diversified revenue growth. Highlights of Consolidated Results Second Quarter 2024 Compared with Second Quarter 2023 Financial highlights of the second quarter of 2024 compared with the second quarter of 2023, are as follows1: Revenue of $219.9 million increased 20.6% from $182.3 million Adjusted gross profit (a non-GAAP measure2
Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), the platform for unified commerce that delivers integrated payments and banking at scale, today announced that it will release its second quarter 2024 financial results before financial markets open on Thursday, August 8, 2024. In addition, the Company will host a conference call and webcast to review its financial and operating results. A question-and-answer session will follow. Second Quarter 2024 Conference Call Thursday, August 8, 2024 11:00 a.m. Eastern Time Phone: US/Canada: (833) 636-1319 or International: (412) 902-4286 Internet webcast link and accompanying slide presentation can be accessed at
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 the successful completion of its debt refinance. The refinancing included the payoff of approximately $170 million of preferred equity and reduces the cost of the outstanding debt by 100 basis points. As part of the transaction, Priority issued a new $835 million term loan and established a new $70 million revolving line of credit. The loan proceeds were used to refinance and reprice its existing $653 million term loan due April 2027 and redeem approximately $170 million of preferred equity leavin
Strong First Quarter Growth Driven by Performance Across Unified Commerce Platform 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 quarter 2024 financial results including strong year-over-year diversified revenue growth. Highlights of Consolidated Results First Quarter 2024 Compared with First Quarter 2023 Financial highlights of the first quarter of 2024 compared with the first quarter of 2023, are as follows1: Revenue of $205.7 million increased 11.2% from $185.0 million Adjusted gross profit (a non-GAAP measure2) of $7
Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), the platform for unified commerce that delivers integrated payments and banking at scale, today announced that it will release its first quarter 2024 financial results before financial markets open on Thursday, May 9, 2024. In addition, the Company will host a conference call and webcast to review its financial and operating results. A question-and-answer session will follow. First Quarter 2024 Conference Call Thursday, May 9, 2024 11:00 a.m. Eastern Time Phone: US/Canada: (833) 636-1319 or International: (412) 902-4286 Internet webcast link and accompanying slide presentation can be accessed at https://ed
Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), the payments and banking solution that streamlines collecting, storing, lending and sending money to unlock revenue opportunities, today announced the successful redemption in full of the remaining preferred stock on its balance sheet. The redemption was completed with proceeds from a $115 million increase to its existing term loan due May 2031. The redemption totaled $113.3 million, including accrued but unpaid dividends of $2.6 million. The redemption of the remaining preferred stock follows Priority's establishment of a new $835 million term loan and concurrent redemption of approximately $170 million of pr
Strong Third Quarter Growth Driven by Performance Across Unified Commerce Platform 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 announced its third quarter 2024 financial results including strong year-over-year diversified revenue growth. Highlights of Consolidated Results Third Quarter 2024 Compared with Third Quarter 2023 Financial highlights of the third quarter of 2024 compared with the third quarter of 2023, are as follows1: Revenue of $227.0 million increased 20.1% from $189.0 million Adjusted gross profit (a non-GAA
Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), the payments and banking fintech that streamlines collecting, storing, lending and sending money to unlock revenue opportunities, today announced that it will release its third quarter 2024 financial results before financial markets open on Thursday, November 7, 2024. In addition, the Company will host a conference call and webcast to review its financial and operating results. A question-and-answer session will follow. Third Quarter 2024 Conference Call Thursday, November 7, 2024 11:00 a.m. Eastern Time Phone: US/Canada: (833) 636-1319 or International: (412) 902-4286 Internet webcast link and accompanying s
Strong Second Quarter Growth Driven by Performance Across Unified Commerce Platform 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 second quarter 2024 financial results including strong year-over-year diversified revenue growth. Highlights of Consolidated Results Second Quarter 2024 Compared with Second Quarter 2023 Financial highlights of the second quarter of 2024 compared with the second quarter of 2023, are as follows1: Revenue of $219.9 million increased 20.6% from $182.3 million Adjusted gross profit (a non-GAAP measure2
Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), the platform for unified commerce that delivers integrated payments and banking at scale, today announced that it will release its second quarter 2024 financial results before financial markets open on Thursday, August 8, 2024. In addition, the Company will host a conference call and webcast to review its financial and operating results. A question-and-answer session will follow. Second Quarter 2024 Conference Call Thursday, August 8, 2024 11:00 a.m. Eastern Time Phone: US/Canada: (833) 636-1319 or International: (412) 902-4286 Internet webcast link and accompanying slide presentation can be accessed at
Strong First Quarter Growth Driven by Performance Across Unified Commerce Platform 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 quarter 2024 financial results including strong year-over-year diversified revenue growth. Highlights of Consolidated Results First Quarter 2024 Compared with First Quarter 2023 Financial highlights of the first quarter of 2024 compared with the first quarter of 2023, are as follows1: Revenue of $205.7 million increased 11.2% from $185.0 million Adjusted gross profit (a non-GAAP measure2) of $7
Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), the platform for unified commerce that delivers integrated payments and banking at scale, today announced that it will release its first quarter 2024 financial results before financial markets open on Thursday, May 9, 2024. In addition, the Company will host a conference call and webcast to review its financial and operating results. A question-and-answer session will follow. First Quarter 2024 Conference Call Thursday, May 9, 2024 11:00 a.m. Eastern Time Phone: US/Canada: (833) 636-1319 or International: (412) 902-4286 Internet webcast link and accompanying slide presentation can be accessed at https://ed
Strong Fourth Quarter Growth Driven by Performance Across Diverse Business Segments 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 fourth quarter and full year 2023 financial results including strong year-over-year diversified revenue growth. Highlights of Consolidated Results Fourth Quarter 2023 Compared with Fourth Quarter 2022 Financial highlights of the fourth quarter of 2023 compared with the fourth quarter of 2022, are as follows2: Revenue of $199.3 million increased 12.2% from $177.6 million Adjusted gross profit (a non-
Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), the platform for unified commerce that delivers integrated payments and banking at scale, today announced that it will release its fourth quarter and full-year 2023 financial results before financial markets open on Tuesday, March 12, 2024. In addition, the Company will host a conference call and webcast to review its financial and operating results. A question-and-answer session will follow. Fourth Quarter and Full-Year 2023 Conference Call Tuesday, March 12, 2024 11:00 a.m. Eastern Time Phone: US/Canada: (833) 636-1319 or International: (412) 902-4286 Internet webcast link and accompanying slide presenta
Strong Third Quarter Growth Driven by Performance Across Diverse Business Segments 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 third quarter 2023 financial results including strong quarter-over-quarter diversified revenue growth. Highlights of Consolidated Results Third Quarter 2023 Compared with Third Quarter 2022 Financial highlights of the third quarter of 2023 compared with the third quarter of 2022, are as follows: Revenue of $189.0 million increased 13.6% from $166.4 million Adjusted gross profit (a non-GAAP measure1)
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4 - Priority Technology Holdings, Inc. (0001653558) (Issuer)
4 - Priority Technology Holdings, Inc. (0001653558) (Issuer)
4 - Priority Technology Holdings, Inc. (0001653558) (Issuer)
4 - Priority Technology Holdings, Inc. (0001653558) (Issuer)
4 - Priority Technology Holdings, Inc. (0001653558) (Issuer)
4 - Priority Technology Holdings, Inc. (0001653558) (Issuer)
4 - Priority Technology Holdings, Inc. (0001653558) (Issuer)
4 - Priority Technology Holdings, Inc. (0001653558) (Issuer)
4 - Priority Technology Holdings, Inc. (0001653558) (Issuer)
Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), the platform for unified commerce that delivers integrated payments and banking at scale, today announced that its Board has appointed Marc Crisafulli as Director. Crisafulli is an experienced executive and has over 30 years in legal, compliance and regulatory governance roles with various companies. In his most recent role, Crisafulli served as Executive Vice President, Government Relations, Legal and Regulatory at Bally's Corporation. Prior to that, Mr. Crisafulli held senior leadership roles with Brightstar Corporation and Suffolk Construction Company and was managing partner at Hinkley Allen & Snyder. "Mar
Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), a leading payments technology company delivering unified commerce solutions through its payments and banking as a service platform, is pleased to announce the appointment of Tim O'Leary to the position of Chief Financial Officer (CFO). Mr. O'Leary replaces Mike Vollkommer, who will retire on September 16. "We are excited to have Tim join Priority. His deep experience raising capital for technology companies, coupled with his extensive financial expertise and leadership, make him an excellent fit for this key role at Priority as we continue to achieve great results and execute on our transformative growth strate
Priority Technology Holdings, Inc. (NASDAQ:PRTH) ("Priority" or the "Company"), a leading payments technology company helping customers collect, store and send money, today announced the retirement of Michael Vollkommer, its Chief Financial Officer (CFO). Mr. Vollkommer, who has been the Company's Chief Financial Officer since December 2018, will retire from Priority on September 1, 2022. Subsequently, Mr. Vollkommer will remain with the Company in an advisory capacity to ensure a smooth transition and to assist in executing strategic projects going forward. The Company has begun its search for Mr. Vollkommer's replacement and expects to name the next CFO during the third quarter. "On beh
Full Year 2024 Financial Guidance Priority's outlook remains strong and we are reaffirming our full year 2024 guidance: Revenue forecast to range between $875 million to $890 million, a growth rate of 16% to 18%, compared to fiscal 2023 results Adjusted EBITDA (a non-GAAP measure) forecast to range between $193 million to $198 million, a growth rate of 15% to 18% compared to fiscal 2023 results Adjusted gross profit (a non-GAAP measure) forecast to range between $325 million and $335 million, a growth rate of 18% to 22% compared to fiscal 2023 results
Priority Tech Holdings (NASDAQ:PRTH) reported quarterly losses of $(0.10) per share which missed the analyst consensus estimate of $(0.09) by 11.11 percent. This is a 33.33 percent increase over losses of $(0.15) per share from the same period last year. The company reported quarterly sales of $205.719 million which missed the analyst consensus estimate of $210.137 million by 2.10 percent. This is a 11.18 percent increase over sales of $185.028 million the same period last year.
CPX integration accelerates Ahrvo Labs' payment capabilities for data compliance customers
B. Riley Securities analyst Hal Goetsch maintains Priority Tech Holdings (NASDAQ:PRTH) with a Buy and raises the price target from $10 to $11.
Full Year 2024 Financial Guidance Based on a combination of results for the full year ended December 31, 2023 and the forecasted results for the year, the Company has provided its outlook for the full year 2024 as follows: Revenue forecast to range between $875 million to $890 million, a growth rate of 16% to 18%, compared to fiscal 2023 results Adjusted EBITDA (a non-GAAP measure) forecast to range between $193 million to $198 million, a growth rate of 15% to 18% compared to fiscal 2023 results Adjusted gross profit (a non-GAAP measure) forecast to range between $325 million and $335 million, a growth rate of 18% to 22% compared to fiscal 2023 results
Priority Tech Holdings (NASDAQ:PRTH) reported quarterly losses of $(0.16) per share which missed the analyst consensus estimate of $(0.10) by 60 percent. This is a 6.67 percent decrease over losses of $(0.15) per share from the same period last year. The company reported quarterly sales of $199.28 million which missed the analyst consensus estimate of $201.84 million by 1.27 percent. This is a 12.24 percent increase over sales of $177.56 million the same period last year.
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Priority Tech Holdings (NASDAQ:PRTH) is set to give its latest quarterly earnings report on Tuesday, 2024-03-12. Here's what investors need to know before the announcement. Analysts estimate that Priority Tech Holdings will report an earnings per share (EPS) of $-0.10. Priority Tech Holdings bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.02, which was fol