Barrington Research Reiterates Outperform Rating for Asure Software (NASDAQ:ASUR)

Asure Software (NASDAQ:ASUR - Get Free Report)'s stock had its "outperform" rating reaffirmed by investment analysts at Barrington Research in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $17.00 price target on the technology company's stock. Barrington Research's price objective indicates a potential upside of 49.33% from the company's previous close.

Several other research firms have also recently weighed in on ASUR. Stephens reissued an "overweight" rating and set a $13.00 price target on shares of Asure Software in a report on Friday, March 7th. Needham & Company LLC reissued a "buy" rating and set a $20.00 price target on shares of Asure Software in a report on Wednesday. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Asure Software has an average rating of "Buy" and an average target price of $15.00.

Asure Software Stock Up 5.3%

NASDAQ ASUR traded up $0.57 during trading hours on Wednesday, hitting $11.38. 57,195 shares of the company traded hands, compared to its average volume of 97,475. Asure Software has a twelve month low of $7.51 and a twelve month high of $12.74. The stock has a market capitalization of $309.08 million, a price-to-earnings ratio of -21.48, a P/E/G ratio of 1.12 and a beta of 0.40. The business's 50-day moving average is $9.83 and its 200-day moving average is $10.22. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.03 and a current ratio of 1.03.

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

Insider Buying and Selling at Asure Software

In other Asure Software news, Director Ben F. Allen sold 10,000 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $10.00, for a total value of $100,000.00. Following the sale, the director owned 47,645 shares in the company, valued at approximately $476,450. The trade was a 17.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 8.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Asure Software

A number of institutional investors have recently made changes to their positions in the stock. Inspire Investing LLC bought a new stake in shares of Asure Software in the 1st quarter valued at about $703,000. Jane Street Group LLC bought a new stake in shares of Asure Software in the 1st quarter valued at about $240,000. American Century Companies Inc. grew its position in shares of Asure Software by 23.5% in the 1st quarter. American Century Companies Inc. now owns 48,562 shares of the technology company's stock valued at $464,000 after buying an additional 9,249 shares during the last quarter. Nuveen LLC acquired a new position in shares of Asure Software in the 1st quarter valued at about $709,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Asure Software by 4.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 67,467 shares of the technology company's stock valued at $644,000 after purchasing an additional 2,791 shares during the period. 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.