Asure Software (NASDAQ:ASUR) PT Set at $15.00 by Barrington Research

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 price target by equities researchers at Barrington Research in a research note issued to investors on Monday, August 4th, MarketBeat.com 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 82.70% from the company's current price. Barrington Research also issued estimates for Asure Software's FY2026 earnings at $0.77 EPS.

Separately, Needham & Company LLC dropped their target price 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 company presently has a consensus rating of "Buy" and a consensus target price of $13.60.

Asure Software Stock Down 0.6%

Shares of ASUR stock opened at $8.21 on Monday. Asure Software has a 1-year low of $7.51 and a 1-year high of $12.74. The stock's fifty day moving average price is $9.83 and its 200 day moving average price is $10.08. 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 cap of $225.16 million, a price-to-earnings ratio of -14.15, a price-to-earnings-growth ratio of 0.99 and a beta of 0.41.

Insider Activity

In other news, CEO Patrick Goepel purchased 5,250 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were acquired at an average price of $8.16 per share, for a total transaction of $42,840.00. Following the purchase, the chief executive officer owned 1,307,622 shares in the company, valued at $10,670,195.52. This trade represents a 0.40% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William Carl Drew purchased 25,000 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were purchased at an average price of $8.30 per share, for a total transaction of $207,500.00. Following the purchase, the director owned 103,165 shares in the company, valued at approximately $856,269.50. The trade was a 31.98% increase in their position. The disclosure for this purchase can be found here. 8.70% of the stock is currently owned by insiders.

Institutional Trading of Asure Software

A number of hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its stake in shares of Asure Software by 11.5% in the second quarter. PNC Financial Services Group Inc. now owns 13,409 shares of the technology company's stock worth $131,000 after buying an additional 1,378 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Asure Software in the second quarter worth about $123,000. Equitable Trust Co. boosted its stake in shares of Asure Software by 8.8% in the second quarter. Equitable Trust Co. now owns 109,395 shares of the technology company's stock worth $1,068,000 after buying an additional 8,805 shares during the last quarter. Inspire Investing LLC purchased a new stake in shares of Asure Software in the first quarter worth about $703,000. Finally, Jane Street Group LLC acquired a new position in Asure Software in the 1st quarter worth about $240,000. Hedge funds and other 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.