Asure Software (NASDAQ:ASUR) Price Target Cut to $15.00 by Analysts at Needham & Company LLC

Key Points

• Needham & Company LLC has reduced its price target for Asure Software from $20.00 to $15.00, while maintaining a "buy" rating on the stock, indicating a potential upside of 54.64% from the previous close.
• Barrington Research has also restated an "outperform" rating with a target price of $17.00, contributing to an average rating of "Buy" among analysts for Asure Software.
• Asure Software's stock has shown volatility, with a 12-month low of $7.51 and a high of $12.74, while the company recently reported a quarterly EPS of $0.12, falling short of estimates.

Asure Software (NASDAQ:ASUR - Free Report) had its target price trimmed by Needham & Company LLC from $20.00 to $15.00 in a report released on Friday,Benzinga reports. The firm currently has a buy rating on the technology company's stock.

Separately, Barrington Research reissued an "outperform" rating and issued a $17.00 target price on shares of Asure Software in a report on Tuesday, July 22nd. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Asure Software presently has a consensus rating of "Buy" and a consensus target price of $13.60.

Asure Software Trading Down 1.0%

Shares of NASDAQ:ASUR traded down $0.08 during mid-day trading on Friday, reaching $8.19. 152,608 shares of the company were exchanged, compared to its average volume of 87,961. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market cap of $222.30 million, a price-to-earnings ratio of -14.12, a P/E/G ratio of 0.82 and a beta of 0.41. Asure Software has a 1 year low of $7.51 and a 1 year high of $12.74. The firm's 50-day simple moving average is $9.95 and its 200 day simple moving average is $10.19.

Insider Transactions at Asure Software

In related news, Director Ben F. Allen sold 10,000 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $10.00, for a total transaction of $100,000.00. Following the completion of the sale, the director directly owned 47,645 shares of the company's stock, valued at approximately $476,450. This represents a 17.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.70% of the company's stock.

Institutional Trading of Asure Software

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in Asure Software by 1,136.1% in the first quarter. GAMMA Investing LLC now owns 6,131 shares of the technology company's stock valued at $642,000 after acquiring an additional 5,635 shares during the period. R Squared Ltd acquired a new stake in shares of Asure Software in the second quarter valued at $123,000. Wells Fargo & Company MN raised its holdings in shares of Asure Software by 29.7% in the 4th quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company's stock worth $143,000 after purchasing an additional 3,480 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Asure Software by 49.6% during the 4th quarter. Deutsche Bank AG now owns 18,625 shares of the technology company's stock worth $175,000 after acquiring an additional 6,175 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in Asure Software during the first quarter valued at about $240,000. Institutional investors 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.