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Priority Technology Holdings ( (PRTH) ) just unveiled an announcement.
On January 15, 2025, Priority Technology Holdings announced the commencement of an underwritten secondary offering of its common stock by certain selling stockholders, who will receive all net proceeds. The company also provided estimated preliminary financial results for the fourth quarter of 2024, with revenues ranging between $225.2 million and $227.2 million, adjusted gross profit between $82.7 million and $86.5 million, and adjusted EBITDA between $49.7 million and $54.1 million. These figures are subject to change upon the completion of financial closing procedures, and investors are advised not to place undue reliance on these estimates.
More about Priority Technology Holdings
Priority Technology Holdings, Inc. is a fintech company that provides integrated payments and banking solutions to enable businesses to collect, store, lend, and send funds. Its platform combines payables, merchant services, banking, and treasury solutions to streamline financial operations, optimize cash flow, and unlock revenue opportunities.
YTD Price Performance: -16.71%
Average Trading Volume: 268,881
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $738.8M
Learn more about PRTH stock on TipRanks’ Stock Analysis page.
