Barrington Research Reiterates "$15.00" Price Target for Asure Software (NASDAQ:ASUR)

Key Points

• Analysts at Barrington Research have reduced their price target for Asure Software from $17.00 to $15.00, while maintaining an "outperform" rating, indicating a potential upside of 79.21% from its current price.
• Needham & Company also lowered their target price to $15.00 but set a "buy" rating, contributing to a consensus rating of "Buy" for the stock.
• Asure Software's stock opened at $8.37 on Monday, with a market cap of $227.25 million, and the company reported a quarterly EPS of $0.12, missing expectations.

Asure Software (NASDAQ:ASUR - Get Free Report) has been given a $15.00 target price by equities researchers at Barrington Research in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The brokerage presently has an "outperform" rating on the technology company's stock. Barrington Research's price objective would indicate a potential upside of 83.15% from the stock's previous close.

Separately, Needham & Company LLC dropped their price target on Asure Software from $20.00 to $15.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $13.60.

Asure Software Stock Up 0.4%

NASDAQ ASUR opened at $8.19 on Monday. 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 company has a market capitalization of $224.57 million, a P/E ratio of -14.12, a PEG ratio of 0.83 and a beta of 0.41. Asure Software has a 12 month low of $7.51 and a 12 month high of $12.74. The company's 50 day simple moving average is $9.89 and its 200 day simple moving average is $10.17.

Insider Transactions at Asure Software

In related news, Director William Carl Drew acquired 25,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were purchased at an average cost of $8.30 per share, with a total value of $207,500.00. Following the completion of the transaction, the director owned 103,165 shares of the company's stock, valued at approximately $856,269.50. This trade represents a 31.98% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Patrick Goepel bought 5,250 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was bought at an average price of $8.16 per share, with a total value of $42,840.00. Following the transaction, the chief executive officer owned 1,307,622 shares in the company, valued at approximately $10,670,195.52. This represents a 0.40% increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ASUR. Needham Investment Management LLC increased its holdings in Asure Software by 0.5% in the fourth quarter. Needham Investment Management LLC now owns 2,495,000 shares of the technology company's stock worth $23,478,000 after buying an additional 12,500 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Asure Software by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 897,323 shares of the technology company's stock worth $8,444,000 after acquiring an additional 48,836 shares in the last quarter. ArrowMark Colorado Holdings LLC grew its position in Asure Software by 24.5% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 714,330 shares of the technology company's stock worth $6,722,000 after acquiring an additional 140,711 shares in the last quarter. Kennedy Capital Management LLC acquired a new position in shares of Asure Software during the 4th quarter worth $3,338,000. Finally, Royce & Associates LP raised its holdings in shares of Asure Software by 60.4% during the 1st quarter. Royce & Associates LP now owns 276,670 shares of the technology company's stock valued at $2,642,000 after purchasing an additional 104,170 shares in the last quarter. 71.58% of the stock is owned by institutional investors and hedge funds.

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.