PAR Technology (NYSE:PAR) Hits New 12-Month Low - Should You Sell?

Key Points

• PAS Technology Corporation has hit a new 52-week low, trading at $34.33, with an average target price now set at $74.57.
• Analysts are divided on the stock's outlook, with ratings ranging from a "sell" to multiple "buy" ratings and price targets varying significantly, including $90.00 from Needham & Company and $38.00 from Goldman Sachs.
• The company's most recent quarterly earnings report showed 43.8% revenue growth year-over-year, despite missing earnings expectations.

PAR Technology Corporation (NYSE:PAR - Get Free Report) reached a new 52-week low on Monday . The stock traded as low as $34.33 and last traded at $35.55, with a volume of 947685 shares changing hands. The stock had previously closed at $34.68.

Analysts Set New Price Targets

Several research analysts recently commented on PAR shares. Weiss Ratings reiterated a "sell (d)" rating on shares of PAR Technology in a research report on Wednesday, October 8th. Needham & Company LLC restated a "buy" rating and set a $90.00 target price on shares of PAR Technology in a research report on Friday, July 11th. The Goldman Sachs Group dropped their target price on PAR Technology from $50.00 to $38.00 and set a "neutral" rating for the company in a research report on Monday, October 13th. Benchmark dropped their target price on PAR Technology from $92.00 to $77.00 and set a "buy" rating for the company in a research report on Tuesday, August 19th. Finally, BTIG Research upgraded PAR Technology from a "neutral" rating to a "buy" rating and set a $65.00 price target for the company in a report on Friday, August 15th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $74.57.

PAR Technology Stock Up 1.6%

The stock has a market capitalization of $1.45 billion, a PE ratio of -15.83 and a beta of 1.65. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.70 and a quick ratio of 1.49. The business's fifty day moving average price is $44.51 and its two-hundred day moving average price is $56.81.

PAR Technology (NYSE:PAR - Get Free Report) last announced 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 company had revenue of $112.40 million for the quarter, compared to analyst estimates of $111.02 million. During the same period in the prior year, the business posted ($0.23) earnings per share. PAR Technology's revenue for the quarter was up 43.8% on a year-over-year basis. On average, equities research analysts forecast that PAR Technology Corporation will post -1.47 EPS for the current fiscal year.

Institutional Trading of PAR Technology

A number of hedge funds have recently bought and sold shares of PAR. Huntington National Bank increased its holdings in PAR Technology by 66.2% in the 2nd quarter. Huntington National Bank now owns 437 shares of the software maker's stock valued at $30,000 after purchasing an additional 174 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in PAR Technology by 8,616.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 523 shares of the software maker's stock valued at $32,000 after buying an additional 517 shares during the period. Advisors Asset Management Inc. boosted its position in PAR Technology by 68.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 563 shares of the software maker's stock valued at $39,000 after buying an additional 229 shares during the period. GAMMA Investing LLC boosted its position in PAR Technology by 232.4% in the 1st quarter. GAMMA Investing LLC now owns 698 shares of the software maker's stock valued at $43,000 after buying an additional 488 shares during the period. Finally, Assetmark Inc. boosted its position in PAR Technology by 161.7% in the 1st quarter. Assetmark Inc. now owns 785 shares of the software maker's stock valued at $48,000 after buying an additional 485 shares during the period.

About PAR Technology

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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