Asure Software (NASDAQ:ASUR) Stock Rating Reaffirmed by Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Asure Software (NASDAQ:ASUR) in a research report report published on Friday, Benzinga reports. The firm currently has a $20.00 price objective on the technology company’s stock.

Separately, Barrington Research restated an outperform rating and set a $17.00 target price on shares of Asure Software in a report on Monday, April 29th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $13.40.

Asure Software Trading Up 3.7 %

Shares of NASDAQ:ASUR opened at $7.30 on Friday. The company’s 50-day moving average price is $8.02 and its two-hundred day moving average price is $8.41. Asure Software has a one year low of $6.30 and a one year high of $15.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $188.07 million, a PE ratio of -16.98, a price-to-earnings-growth ratio of 0.70 and a beta of 0.71.

Asure Software (NASDAQ:ASUR) last released its earnings results on Monday, February 26th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $26.26 million for the quarter, compared to analyst estimates of $26.45 million. Asure Software had a positive return on equity of 3.86% and a negative net margin of 8.38%. On average, equities analysts forecast that Asure Software will post 0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Asure Software

Hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its position in Asure Software by 8.2% during the first quarter. Empowered Funds LLC now owns 67,168 shares of the technology company’s stock worth $523,000 after acquiring an additional 5,075 shares during the last quarter. GSA Capital Partners LLP increased its stake in shares of Asure Software by 20.7% during the first quarter. GSA Capital Partners LLP now owns 62,740 shares of the technology company’s stock worth $488,000 after purchasing an additional 10,752 shares during the period. Capstone Investment Advisors LLC lifted its holdings in Asure Software by 9.0% during the 1st quarter. Capstone Investment Advisors LLC now owns 21,800 shares of the technology company’s stock worth $170,000 after purchasing an additional 1,800 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Asure Software by 45.1% during the 1st quarter. BNP Paribas Financial Markets now owns 10,929 shares of the technology company’s stock worth $85,000 after purchasing an additional 3,398 shares during the last quarter. Finally, Private Capital Management LLC boosted its stake in Asure Software by 11.6% in the 4th quarter. Private Capital Management LLC now owns 3,924,027 shares of the technology company’s stock valued at $37,357,000 after purchasing an additional 408,000 shares during the period. Institutional investors and hedge funds own 71.58% of the company’s stock.

About Asure Software

Asure Software, Inc engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States. It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build productive workforce to help them stay compliant and allocate resources to grow their business.