PAR Technology (NYSE:PAR) Shares Gap Down – Time to Sell?

PAR Technology Co. (NYSE:PAR) gapped down before the market opened on Tuesday . The stock had previously closed at $73.20, but opened at $70.24. PAR Technology shares last traded at $68.78, with a volume of 82,636 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PAR. Lake Street Capital increased their price objective on PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a report on Monday, November 11th. StockNews.com upgraded PAR Technology to a “sell” rating in a report on Thursday, November 7th. Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of PAR Technology in a research note on Friday, January 3rd. The Goldman Sachs Group raised their target price on shares of PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Finally, Craig Hallum upped their price target on shares of PAR Technology from $65.00 to $85.00 and gave the company a “buy” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PAR Technology has an average rating of “Moderate Buy” and an average price target of $79.25.

PAR Technology Trading Down 1.2 %

The company has a 50 day moving average of $75.02 and a 200 day moving average of $61.81. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of -289.65 and a beta of 2.21. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67.

PAR Technology (NYSE:PAR) last posted its earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.01. The business had revenue of $96.80 million for the quarter, compared to analyst estimates of $91.01 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The firm’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.35) EPS. As a group, research analysts anticipate that PAR Technology Co. will post -1.47 EPS for the current year.

Institutional Investors Weigh In On PAR Technology

Hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank raised its holdings in PAR Technology by 25.5% during the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after purchasing an additional 237 shares during the last quarter. nVerses Capital LLC bought a new position in PAR Technology in the third quarter valued at approximately $125,000. Victory Capital Management Inc. grew its holdings in PAR Technology by 5.1% during the 3rd quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock worth $236,000 after acquiring an additional 219 shares during the period. RiverPark Advisors LLC raised its position in shares of PAR Technology by 21.3% during the 3rd quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker’s stock valued at $257,000 after acquiring an additional 865 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of PAR Technology in the 3rd quarter valued at $308,000.

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.