Asure Software (NASDAQ:ASUR) Given Buy Rating at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Asure Software (NASDAQ:ASUR - Free Report) in a report released on Friday morning,Benzinga reports. They currently have a $20.00 price objective on the technology company's stock.

A number of other equities research analysts also recently weighed in on the stock. Stephens restated an "overweight" rating and issued a $13.00 price target on shares of Asure Software in a research note on Friday, March 7th. Lake Street Capital upgraded shares of Asure Software from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. Barrington Research reiterated an "outperform" rating and set a $17.00 price target on shares of Asure Software in a report on Monday, April 28th. Finally, Northland Securities lifted their price target on Asure Software from $12.50 to $14.00 and gave the company an "outperform" rating in a research note on Wednesday, January 8th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, Asure Software has a consensus rating of "Buy" and an average price target of $14.17.

Asure Software Stock Performance

Shares of ASUR traded down $0.40 during mid-day trading on Friday, hitting $9.75. 61,438 shares of the company's stock were exchanged, compared to its average volume of 106,408. The firm has a market cap of $264.74 million, a price-to-earnings ratio of -20.74, a price-to-earnings-growth ratio of 1.11 and a beta of 0.43. Asure Software has a 52 week low of $7.05 and a 52 week high of $12.74. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. The stock's 50-day simple moving average is $9.70 and its 200-day simple moving average is $10.08.

Asure Software (NASDAQ:ASUR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.06). Asure Software had a negative net margin of 10.54% and a positive return on equity of 3.75%. On average, equities research analysts expect that Asure Software will post 0.37 EPS for the current year.

Insiders Place Their Bets

In related news, Director Grace G. Lee sold 7,500 shares of Asure Software stock in a transaction on Monday, March 17th. The shares were sold at an average price of $9.51, for a total transaction of $71,325.00. Following the completion of the transaction, the director now owns 32,215 shares of the company's stock, valued at $306,364.65. This trade represents a 18.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.90% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Needham Investment Management LLC grew its stake in Asure Software by 0.5% during the fourth quarter. Needham Investment Management LLC now owns 2,495,000 shares of the technology company's stock worth $23,478,000 after purchasing an additional 12,500 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Asure Software by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 897,323 shares of the technology company's stock worth $8,444,000 after buying an additional 48,836 shares during the period. Pacific Ridge Capital Partners LLC increased its stake in shares of Asure Software by 12.6% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 773,572 shares of the technology company's stock valued at $7,279,000 after acquiring an additional 86,277 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its position in shares of Asure Software by 24.5% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 714,330 shares of the technology company's stock valued at $6,722,000 after acquiring an additional 140,711 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Asure Software by 4.4% during the third quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company's stock worth $5,251,000 after acquiring an additional 24,649 shares in the last quarter. 71.58% of the stock is owned by institutional investors.

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.