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

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

Several other equities research analysts have also recently commented on ASUR. Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of Asure Software in a research note on Friday, August 2nd. Stephens assumed coverage on Asure Software in a research note on Wednesday, October 16th. They set an “overweight” rating and a $13.00 price target for the company. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Asure Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.33.

Asure Software Stock Performance

Shares of Asure Software stock opened at $9.71 on Tuesday. Asure Software has a one year low of $6.30 and a one year high of $10.52. The company has a market cap of $256.93 million, a PE ratio of -23.12, a P/E/G ratio of 0.94 and a beta of 0.55. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. The business has a 50-day simple moving average of $8.89 and a 200-day simple moving average of $8.36.

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

Insider Activity at Asure Software

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

Hedge Funds Weigh In On Asure Software

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Asure Software by 6.4% during the first quarter. Vanguard Group Inc. now owns 1,181,423 shares of the technology company’s stock worth $9,191,000 after purchasing an additional 71,495 shares during the last quarter. Swedbank AB lifted its position in shares of Asure Software by 16.7% during the second quarter. Swedbank AB now owns 700,000 shares of the technology company’s stock worth $5,880,000 after purchasing an additional 100,000 shares during the last quarter. Boston Partners lifted its position in shares of Asure Software by 43.3% during the first quarter. Boston Partners now owns 243,710 shares of the technology company’s stock worth $1,896,000 after purchasing an additional 73,633 shares during the last quarter. Rice Hall James & Associates LLC bought a new position in shares of Asure Software during the second quarter worth about $782,000. Finally, Pacific Ridge Capital Partners LLC lifted its position in shares of Asure Software by 7.9% during the second quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company’s stock worth $6,334,000 after purchasing an additional 55,123 shares during the last quarter. Institutional investors 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.