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PAR Technology (NYSE:PAR) Earns Sell (D) Rating from Weiss Ratings

PAR Technology logo with Business Services background

Key Points

  • PAR Technology has received a "sell (d)" rating from Weiss Ratings, which reaffirms investor concerns about the stock's performance.
  • Despite the negative rating from Weiss, other analysts have varying views; BTIG Research upgraded the stock to a "buy" rating with a target price of $65.00, while Benchmark lowered their price target to $77.00 while maintaining a "buy" rating.
  • PAR Technology reported earnings of $0.03 per share for the last quarter, missing expectations, but showed a 43.8% year-over-year increase in revenue, suggesting potential for growth despite current setbacks.
  • Five stocks to consider instead of PAR Technology.

PAR Technology (NYSE:PAR - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also issued reports on PAR. BTIG Research upgraded shares of PAR Technology from a "neutral" rating to a "buy" rating and set a $65.00 target price for the company in a report on Friday, August 15th. Benchmark lowered their target price on shares of PAR Technology from $92.00 to $77.00 and set a "buy" rating for the company in a report on Tuesday, August 19th. Finally, Needham & Company LLC restated a "buy" rating and issued a $90.00 target price on shares of PAR Technology in a report on Friday, July 11th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.43.

View Our Latest Stock Analysis on PAR

PAR Technology Trading Down 0.1%

NYSE:PAR opened at $37.22 on Wednesday. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of -16.57 and a beta of 1.65. The company's 50 day moving average price is $47.54 and its 200-day moving average price is $58.12. PAR Technology has a 52 week low of $37.15 and a 52 week high of $82.24. The company has a quick ratio of 1.49, a current ratio of 1.70 and a debt-to-equity ratio of 0.43.

PAR Technology (NYSE:PAR - Get Free Report) last released its quarterly earnings results on Friday, August 8th. The software maker reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). PAR Technology had a negative return on equity of 3.16% and a negative net margin of 20.64%.The business had revenue of $112.40 million during the quarter, compared to the consensus estimate of $111.02 million. During the same quarter in the previous year, the business posted ($0.23) earnings per share. The firm's revenue was up 43.8% on a year-over-year basis. On average, equities research analysts forecast that PAR Technology will post -1.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PAR Technology

A number of institutional investors have recently made changes to their positions in PAR. Farther Finance Advisors LLC boosted its stake in shares of PAR Technology by 8,631.3% in the first quarter. Farther Finance Advisors LLC now owns 1,397 shares of the software maker's stock valued at $86,000 after purchasing an additional 1,381 shares during the period. Russell Investments Group Ltd. lifted its stake in PAR Technology by 415.9% in the first quarter. Russell Investments Group Ltd. now owns 43,213 shares of the software maker's stock worth $2,651,000 after acquiring an additional 34,837 shares during the last quarter. Rovida Advisors Inc. lifted its stake in PAR Technology by 30.6% in the first quarter. Rovida Advisors Inc. now owns 326,494 shares of the software maker's stock worth $20,027,000 after acquiring an additional 76,494 shares during the last quarter. Commerce Bank purchased a new position in PAR Technology in the first quarter worth approximately $267,000. Finally, GAMMA Investing LLC lifted its stake in PAR Technology by 232.4% in the first quarter. GAMMA Investing LLC now owns 698 shares of the software maker's stock worth $43,000 after acquiring an additional 488 shares during the last quarter.

About PAR Technology

(Get Free Report)

PAR Technology Corporation, together with its subsidiaries, provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. The Restaurant/Retail segment offers PUNCHH, an enterprise-grade customer loyalty and engagement solution; MENU, an eCommerce platform for restaurant brands; BRINK POS, an open cloud, point-of-sale solution; PAR PAYMENT SERVICES, a merchant services business that enables electronic payment and processing services for businesses; and DATA CENTRAL, a back-office solution that leverages business intelligence and automation technologies.

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Analyst Recommendations for PAR Technology (NYSE:PAR)

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