Priority Technology Holdings Inc (NASDAQ:PRTH) Shares Plunges -6.20% In A Week – But Can It Keep Rising?

In last trading session, Priority Technology Holdings Inc (NASDAQ:PRTH) saw 0.71 million shares changing hands with its beta currently measuring 1.01. Company’s recent per share price level of $10.44 trading at -$1.38 or -11.68% at ring of the bell on the day assigns it a market valuation of $805.95M. That closing price of PRTH’s stock is at a discount of -19.44% from its 52-week high price of $12.47 and is indicating a premium of 72.99% from its 52-week low price of $2.82.

Priority Technology Holdings Inc (NASDAQ:PRTH) trade information

Upright in the red during last session for losing -11.68%, in the last five days PRTH remained trading in the red while hitting it’s week-highest on Wednesday, 02/19/25 when the stock touched $10.44 price level, adding 16.28% to its value on the day. Priority Technology Holdings Inc’s shares saw a change of -11.15% in year-to-date performance and have moved -6.20% in past 5-day. Priority Technology Holdings Inc (NASDAQ:PRTH) showed a performance of 10.24% in past 30-days.

Wall Street analysts have assigned a consensus price target of 13 to the stock, which implies a rise of 19.69% to its current value. Analysts have been projecting 13 as a low price target for the stock while placing it at a high target of 13. It follows that stock’s current price would drop -24.52% in reaching the projected high whereas dropping to the targeted low would mean a loss of -24.52% for stock’s current value.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -16.63% during past 5 years.

Priority Technology Holdings Inc (NASDAQ:PRTH)’s Major holders

STONE POINT CAPITAL LLC is the top institutional holder at PRTH for having 5.19 million shares of worth $27.42 million. And as of 2024-06-30, it was holding 6.6804 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 0.88 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.1326 of outstanding shares, having a total worth of $4.67 million.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 523.37 shares of worth $5.46 million or 0.68% of the total outstanding shares. The later fund manager was in possession of 454.05 shares on Nov 30, 2024 , making its stake of worth around $4.74 million in the company or a holder of 0.59% of company’s stock.