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PRTH

Priority Technology Holdings NasdaqCM:PRTH Stock Report

Last Price

US$3.65

Market Cap

US$280.0m

7D

-12.7%

1Y

-48.5%

Updated

26 Sep, 2022

Data

Company Financials +
PRTH fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance0/6
Financial Health5/6
Dividends0/6

PRTH Stock Overview

Priority Technology Holdings, Inc. operates as a payment technology company in the United States.

Priority Technology Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Priority Technology Holdings
Historical stock prices
Current Share PriceUS$3.65
52 Week HighUS$7.79
52 Week LowUS$3.10
Beta0.91
1 Month Change-6.89%
3 Month Change14.06%
1 Year Change-48.48%
3 Year Change-24.27%
5 Year Changen/a
Change since IPO-66.60%

Recent News & Updates

Sep 07

Priority Technology appoints Tim O'Leary as CFO

Priority Technology (NASDAQ:PRTH) notifies the appointment of Tim O'Leary to the position of CFO. O'Leary replaces Mike Vollkommer, who will retire on September 16. Most recently, O'Leary served as Managing Director and group head of the Technology, Media and Telecom leveraged finance team at Truist Securities where he led financings for a number of payment and technology companies, including Priority.

Aug 09

Priority Technology GAAP EPS of -$0.11 misses by $0.06, revenue of $166.4M beats by $5.02M

Priority Technology press release (NASDAQ:PRTH): Q2 GAAP EPS of -$0.11 misses by $0.06. Revenue of $166.4M (+33.1% Y/Y) beats by $5.02M.

Shareholder Returns

PRTHUS ITUS Market
7D-12.7%-5.9%-5.2%
1Y-48.5%-39.2%-23.0%

Return vs Industry: PRTH underperformed the US IT industry which returned -39.2% over the past year.

Return vs Market: PRTH underperformed the US Market which returned -23% over the past year.

Price Volatility

Is PRTH's price volatile compared to industry and market?
PRTH volatility
PRTH Average Weekly Movement7.8%
IT Industry Average Movement8.0%
Market Average Movement6.9%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.8%

Stable Share Price: PRTH is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: PRTH's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2005787Tom Priorehttps://www.prth.com

Priority Technology Holdings, Inc. operates as a payment technology company in the United States. It operates through three segments: Small and Medium-Sized Businesses (SMB) Payments, Business-To-Business Payments, and Enterprise Payments. The company offers MX product line, including MX Connect and MX Merchant products, such as MX Insights, MX Storefront, MX Retail, MX Invoice, MX B2B and ACH.com, and others, which provides flexible and customizable set of business applications that helps to manage critical business work functions and revenue performance to resellers and merchant clients using core payment processing as our leverage point.

Priority Technology Holdings Fundamentals Summary

How do Priority Technology Holdings's earnings and revenue compare to its market cap?
PRTH fundamental statistics
Market CapUS$280.03m
Earnings (TTM)-US$14.79m
Revenue (TTM)US$596.26m

0.5x

P/S Ratio

-18.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PRTH income statement (TTM)
RevenueUS$596.26m
Cost of RevenueUS$400.42m
Gross ProfitUS$195.84m
Other ExpensesUS$210.63m
Earnings-US$14.79m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.19
Gross Margin32.84%
Net Profit Margin-2.48%
Debt/Equity Ratio435.0%

How did PRTH perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is PRTH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PRTH?

Other financial metrics that can be useful for relative valuation.

PRTH key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.8x
Enterprise Value/EBITDA10.5x
PEG Ration/a

Price to Sales Ratio vs Peers

How does PRTH's PS Ratio compare to its peers?

PRTH PS Ratio vs Peers
The above table shows the PS ratio for PRTH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.4x
CTLP Cantaloupe
1.3x11.8%US$267.0m
IBEX IBEX
0.6x9.4%US$315.4m
LSAK Lesaka Technologies
0.8x43.1%US$178.8m
CASS Cass Information Systems
2.8xn/aUS$464.8m
PRTH Priority Technology Holdings
0.5x13.0%US$280.0m

Price-To-Sales vs Peers: PRTH is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (1.4x).


Price to Earnings Ratio vs Industry

How does PRTH's PE Ratio compare vs other companies in the US IT Industry?

Price-To-Sales vs Industry: PRTH is good value based on its Price-To-Sales Ratio (0.5x) compared to the US IT industry average (2.4x)


Price to Sales Ratio vs Fair Ratio

What is PRTH's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PRTH PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.5x
Fair PS Ratio1.6x

Price-To-Sales vs Fair Ratio: PRTH is good value based on its Price-To-Sales Ratio (0.5x) compared to the estimated Fair Price-To-Sales Ratio (1.6x).


Share Price vs Fair Value

What is the Fair Price of PRTH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PRTH ($3.65) is trading above our estimate of fair value ($1.23)

Significantly Below Fair Value: PRTH is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Priority Technology Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.0%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if PRTH's forecast earnings growth is above the savings rate (1.9%).

Earnings vs Market: Insufficient data to determine if PRTH's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if PRTH's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PRTH's revenue (13% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: PRTH's revenue (13% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PRTH's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Priority Technology Holdings performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-3.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PRTH is currently unprofitable.

Growing Profit Margin: PRTH is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PRTH is unprofitable, and losses have increased over the past 5 years at a rate of 3% per year.

Accelerating Growth: Unable to compare PRTH's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PRTH is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (20.5%).


Return on Equity

High ROE: PRTH has a negative Return on Equity (9.65%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Priority Technology Holdings's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: PRTH's short term assets ($627.4M) exceed its short term liabilities ($603.7M).

Long Term Liabilities: PRTH's short term assets ($627.4M) exceed its long term liabilities ($617.8M).


Debt to Equity History and Analysis

Debt Level: PRTH's net debt to equity ratio (419.1%) is considered high.

Reducing Debt: PRTH's debt to equity ratio has reduced from 1370.7% to 435% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable PRTH has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: PRTH is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 2% per year.


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Dividend

What is Priority Technology Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate PRTH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PRTH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PRTH's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PRTH's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as PRTH has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.0yrs

Average management tenure


CEO

Tom Priore (53 yo)

3.75yrs

Tenure

US$2,920,885

Compensation

Mr. Thomas Charles Priore, also known as Tom, is Executive Chairman and Founding Member of Priority Technology Holdings, Inc. since August 2005 and serves as its President and Chief Executive Officer since...


CEO Compensation Analysis

Tom Priore's Compensation vs Priority Technology Holdings Earnings
How has Tom Priore's remuneration changed compared to Priority Technology Holdings's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-US$15m

Mar 31 2022n/an/a

-US$31m

Dec 31 2021US$3mUS$900k

-US$25m

Sep 30 2021n/an/a

-US$34m

Jun 30 2021n/an/a

US$13m

Mar 31 2021n/an/a

US$29m

Dec 31 2020US$3mUS$738k

US$26m

Sep 30 2020n/an/a

US$19m

Jun 30 2020n/an/a

-US$27m

Mar 31 2020n/an/a

-US$33m

Dec 31 2019US$1mUS$500k

-US$34m

Sep 30 2019n/an/a

-US$33m

Jun 30 2019n/an/a

-US$30m

Mar 31 2019n/an/a

-US$21m

Dec 31 2018US$900kUS$500k

-US$18m

Sep 30 2018n/an/a

-US$9m

Jun 30 2018n/an/a

-US$5m

Mar 31 2018n/an/a

US$2m

Dec 31 2017US$750kUS$500k

US$4m

Compensation vs Market: Tom's total compensation ($USD2.92M) is above average for companies of similar size in the US market ($USD1.68M).

Compensation vs Earnings: Tom's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: PRTH's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: PRTH's board of directors are considered experienced (3.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PRTH insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

NasdaqCM:PRTH Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
26 Aug 22BuyUS$103,740Stephen HippIndividual26,000US$3.99
25 May 22BuyUS$31,740Stephen HippIndividual6,000US$5.29
18 May 22SellUS$1,210,000Sean KiewietIndividual250,000US$4.84
30 Nov 21BuyUS$165Stephen HippIndividual27US$6.10
26 Nov 21BuyUS$18,150Stephen HippIndividual3,000US$6.05

Ownership Breakdown

What is the ownership structure of PRTH?
Owner TypeNumber of SharesOwnership Percentage
Institutions4,488,7425.9%
VC/PE Firms5,193,0396.8%
General Public7,803,40010.2%
Individual Insiders59,235,62877.2%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11%.


Top Shareholders

Top 25 shareholders own 89.32% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
60.89%
Thomas Priore
46,718,873$170.5m0%no data
12.14%
John Priore
9,316,568$34.0m0.05%no data
6.77%
Stone Point Capital LLC
5,193,039$19.0m0%1.01%
2.04%
Sean Kiewiet
1,566,204$5.7m-13.76%no data
1.89%
TimesSquare Capital Management, LLC
1,449,010$5.3m-1.03%0.06%
0.82%
The Vanguard Group, Inc.
630,400$2.3m-17.54%no data
0.8%
BlackRock, Inc.
615,062$2.2m29.32%no data
0.75%
Ranjana Ram
577,434$2.1m0%no data
0.51%
FMR LLC
393,116$1.4m-70.46%no data
0.38%
Geode Capital Management, LLC
293,043$1.1m46.27%no data
0.3%
Michael Vollkommer
228,749$834.9k0%no data
0.23%
State Street Global Advisors, Inc.
173,198$632.2k30.34%no data
0.2%
Michael Passilla
150,194$548.2k3.17%no data
0.19%
Columbia Management Investment Advisers, LLC
146,112$533.3k-1.03%no data
0.19%
Northern Trust Global Investments
145,164$529.8k44.95%no data
0.17%
Bradley Miller
132,395$483.2k0%no data
0.17%
GuideStone Capital Management, LLC
128,200$467.9k-1.46%0.01%
0.15%
William Gahan
117,501$428.9k0%no data
0.15%
Stephen Hipp
115,145$420.3k36.21%no data
0.12%
Millennium Management LLC
95,591$348.9k0%no data
0.12%
Anthony Bonventre
93,120$339.9k0%no data
0.097%
Christina Favilla
74,142$270.6k6.63%no data
0.086%
Matthew Kearney
65,649$239.6k0%no data
0.077%
David Faupel
58,704$214.3k0%no data
0.064%
Charles Schwab Investment Management, Inc.
48,838$178.3k40.85%no data

Company Information

Priority Technology Holdings, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Priority Technology Holdings, Inc.
  • Ticker: PRTH
  • Exchange: NasdaqCM
  • Founded: 2005
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Implied Market Cap: US$280.031m
  • Shares outstanding: 76.72m
  • Website: https://www.prth.com

Number of Employees


Location

  • Priority Technology Holdings, Inc.
  • 2001 Westside Parkway
  • Suite 155
  • Alpharetta
  • Georgia
  • 30004
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PRTHNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJul 2018
PRTH.UOTCPK (Pink Sheets LLC)UNITS(1 COM & 1 WT EXP)USUSDJul 2018

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/26 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.