PAR Technology (NYSE:PAR) Reaches New 52-Week Low - Time to Sell?

Key Points

• PARS Technology's stock reached a new **52-week low** at **$45.97**, demonstrating a decline from its previous close of **$46.86** on increased trading volume of **358,502 shares**.
• Despite recent struggles, several analysts maintain a **"buy" rating** for PAR Technology, with target prices ranging from **$65.00 to $90.00** and an average consensus target price of **$78.43**.
• The company reported **$112.40 million** in revenue for the last quarter, which is a **43.8% increase** year-over-year, although it posted a **negative earnings per share** of **$0.03**, missing expectations by **$0.01**.

PAR Technology Corporation (NYSE:PAR - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $45.97 and last traded at $46.02, with a volume of 358502 shares. The stock had previously closed at $46.86.

Analyst Ratings Changes

Several equities analysts have commented on PAR shares. BTIG Research raised shares of PAR Technology from a "neutral" rating to a "buy" rating and set a $65.00 price target for the company in a research report on Friday, August 15th. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price target on shares of PAR Technology in a research report on Friday, July 11th. Finally, Benchmark decreased their price target on shares of PAR Technology from $92.00 to $77.00 and set a "buy" rating for the company in a research report on Tuesday, August 19th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, PAR Technology currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.43.

PAR Technology Stock Performance

The company has a market capitalization of $1.75 billion, a PE ratio of -19.19 and a beta of 1.64. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.49 and a current ratio of 1.70. The stock's 50-day simple moving average is $57.71 and its 200 day simple moving average is $60.85.

PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $112.40 million for the quarter, compared to analysts' expectations of $111.02 million. PAR Technology had a negative return on equity of 3.16% and a negative net margin of 20.64%.The firm's quarterly revenue was up 43.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.23) EPS. As a group, research analysts expect that PAR Technology Corporation will post -1.47 earnings per share for the current fiscal year.

Institutional Trading of PAR Technology

Several institutional investors have recently modified their holdings of PAR. Nuveen LLC purchased a new stake in shares of PAR Technology during the 1st quarter worth approximately $24,500,000. GW&K Investment Management LLC purchased a new position in shares of PAR Technology during the first quarter worth approximately $24,018,000. Invesco Ltd. raised its stake in shares of PAR Technology by 24.1% during the second quarter. Invesco Ltd. now owns 1,877,239 shares of the software maker's stock worth $130,224,000 after purchasing an additional 364,892 shares during the last quarter. Nuveen Asset Management LLC raised its stake in shares of PAR Technology by 194.2% during the fourth quarter. Nuveen Asset Management LLC now owns 400,251 shares of the software maker's stock worth $29,086,000 after purchasing an additional 264,188 shares during the last quarter. Finally, Voss Capital LP raised its stake in shares of PAR Technology by 16.9% during the first quarter. Voss Capital LP now owns 1,706,362 shares of the software maker's stock worth $104,668,000 after purchasing an additional 246,362 shares during the last quarter.

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.