Asure Software’s (ASUR) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reissued their outperform rating on shares of Asure Software (NASDAQ:ASUR) in a research note released on Monday morning, Benzinga reports. They currently have a $17.00 target price on the technology company’s stock.

Other analysts also recently issued reports about the company. Needham & Company LLC reissued a “buy” rating and set a $20.00 price objective on shares of Asure Software in a research report on Friday, August 2nd. Stephens began coverage on shares of Asure Software in a research report on Wednesday, October 16th. They set an “overweight” rating and a $13.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Asure Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.33.

Asure Software Price Performance

Asure Software stock opened at $9.65 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $8.96 and a 200 day moving average price of $8.41. Asure Software has a 12-month low of $6.30 and a 12-month high of $10.52. The stock has a market cap of $255.32 million, a P/E ratio of -22.98, a PEG ratio of 0.95 and a beta of 0.55.

Asure Software (NASDAQ:ASUR) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The business had revenue of $28.04 million during the quarter, compared to analyst estimates of $28.56 million. Asure Software had a negative net margin of 9.07% and a positive return on equity of 3.75%. Sell-side analysts anticipate that Asure Software will post 0.49 earnings per share for the current year.

Insider Activity at Asure Software

In other Asure Software news, CRO Eyal Goldstein sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $8.44, for a total transaction of $84,400.00. Following the sale, the executive now directly owns 239,243 shares in the company, valued at $2,019,210.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CRO Eyal Goldstein sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $8.44, for a total transaction of $84,400.00. Following the sale, the executive now owns 239,243 shares of the company’s stock, valued at approximately $2,019,210.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel M. Gill sold 5,000 shares of Asure Software stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $8.69, for a total value of $43,450.00. Following the completion of the transaction, the director now owns 28,165 shares of the company’s stock, valued at approximately $244,753.85. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its position in shares of 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. Capstone Investment Advisors LLC increased its holdings in shares of Asure Software by 9.0% in the 1st quarter. Capstone Investment Advisors LLC now owns 21,800 shares of the technology company’s stock valued at $170,000 after acquiring an additional 1,800 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of Asure Software by 20.7% during the 1st quarter. GSA Capital Partners LLP now owns 62,740 shares of the technology company’s stock worth $488,000 after acquiring an additional 10,752 shares in the last quarter. Empowered Funds LLC lifted its stake 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 purchasing an additional 5,075 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in Asure Software by 20.3% in the first quarter. First Eagle Investment Management LLC now owns 281,497 shares of the technology company’s stock valued at $2,190,000 after purchasing an additional 47,574 shares in the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.

Asure Software Company Profile

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.