Asure Software (NASDAQ:ASUR) Given New $15.00 Price Target 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 - Get Free Report) had its price objective dropped by equities researchers at Needham & Company LLC from $20.00 to $15.00 in a report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the technology company's stock. Needham & Company LLC's target price would suggest a potential upside of 54.64% from the company's previous close.

Separately, Barrington Research restated an "outperform" rating and set a $17.00 price objective on shares of Asure Software in a research report on Tuesday, July 22nd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Asure Software has an average rating of "Buy" and a consensus target price of $14.00.

Asure Software Price Performance

ASUR opened at $9.70 on Friday. The stock has a market capitalization of $263.39 million, a P/E ratio of -18.30, a P/E/G ratio of 0.95 and a beta of 0.40. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.03 and a quick ratio of 1.03. The business has a 50 day simple moving average of $9.99 and a 200-day simple moving average of $10.27. Asure Software has a 12 month low of $7.51 and a 12 month high of $12.74.

Asure Software (NASDAQ:ASUR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.06). Asure Software had a positive return on equity of 4.52% and a negative net margin of 11.27%. On average, equities analysts anticipate that Asure Software will post 0.37 earnings per share for the current fiscal year.

Insider Transactions at Asure Software

In other Asure Software news, Director Ben F. Allen sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $10.00, for a total value of $100,000.00. Following the completion of the sale, the director owned 47,645 shares of the company's stock, valued at $476,450. This trade represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.70% of the stock is owned by company insiders.

Institutional Trading of Asure Software

Several large investors have recently bought and sold shares of ASUR. American Century Companies Inc. grew its position in Asure Software by 8.5% in the fourth quarter. American Century Companies Inc. now owns 39,313 shares of the technology company's stock valued at $370,000 after acquiring an additional 3,078 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Asure Software by 162.2% in the 4th quarter. JPMorgan Chase & Co. now owns 28,010 shares of the technology company's stock valued at $264,000 after purchasing an additional 17,329 shares in the last quarter. Wells Fargo & Company MN raised its position 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 valued at $143,000 after purchasing an additional 3,480 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Asure Software during the 4th quarter valued at approximately $239,000. Finally, Kennedy Capital Management LLC acquired a new stake in shares of Asure Software during the 4th quarter valued at approximately $3,338,000. 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.

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