Asure Software (NASDAQ:ASUR) Given Outperform Rating at Barrington Research

Key Points

• Barrington Research restated an "outperform" rating on Asure Software with a $15 price target, implying roughly a 65.9% upside from the recent close.
• Analyst consensus is a Moderate Buy (1 Strong Buy, 2 Buy, 1 Sell) with an average target of $15; the stock traded near $9.04, has a market cap of about $259 million and a negative P/E (-19.23).
• Institutional ownership is high at 71.58%, and recent activity shows new stakes and position increases from firms including Jane Street, Invesco, Wasatch Advisors and Tower Research Capital.

Asure Software (NASDAQ:ASUR - Get Free Report)'s stock had its "outperform" rating restated by stock analysts at Barrington Research in a research note issued to investors on Friday,Benzinga reports. They presently have a $15.00 target price on the technology company's stock. Barrington Research's price objective points to a potential upside of 65.93% from the company's previous close.

Other research analysts have also issued reports about the stock. Zacks Research upgraded shares of Asure Software from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Weiss Ratings reiterated a "sell (d-)" rating on shares of Asure Software in a research report on Monday. Finally, Wall Street Zen upgraded shares of Asure Software from a "hold" rating to a "buy" rating in a research report on Saturday, March 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $15.00.

Asure Software Price Performance

Asure Software stock opened at $9.04 on Friday. Asure Software has a 52 week low of $6.80 and a 52 week high of $11.48. The business has a 50-day simple moving average of $8.50 and a 200 day simple moving average of $8.64. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.32. The stock has a market cap of $258.91 million, a price-to-earnings ratio of -19.23, a PEG ratio of 1.16 and a beta of 0.48.

Institutional Investors Weigh In On Asure Software

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of Asure Software in the first quarter worth $240,000. American Century Companies Inc. boosted its holdings in Asure Software by 3.9% in the 2nd quarter. American Century Companies Inc. now owns 50,462 shares of the technology company's stock worth $493,000 after buying an additional 1,900 shares during the period. Invesco Ltd. purchased a new position in Asure Software in the 2nd quarter worth approximately $112,000. Wasatch Advisors LP grew its stake in Asure Software by 19.6% during the second quarter. Wasatch Advisors LP now owns 770,025 shares of the technology company's stock valued at $7,515,000 after acquiring an additional 126,450 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Asure Software by 446.8% in the second quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company's stock worth $65,000 after buying an additional 5,451 shares in the last quarter. Institutional investors own 71.58% of the company's stock.

About Asure Software

Asure Software, Inc NASDAQ: ASUR is a Texas‐based technology company specializing in cloud‐based workforce and workspace management solutions. The company develops software that streamlines human capital management (HCM), payroll processing, time and attendance tracking, and workspace reservation for businesses seeking to optimize employee experience and operational efficiency.

The Asure platform includes modules for payroll administration, benefits enrollment, performance management, applicant tracking and onboarding, as well as mobile and web‐based timekeeping.

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