Asure Software (NASDAQ:ASUR) Receives "Outperform" Rating from Barrington Research

Barrington Research reiterated their outperform rating on shares of Asure Software (NASDAQ:ASUR - Free Report) in a research note released on Monday morning,Benzinga reports. Barrington Research currently has a $17.00 price objective on the technology company's stock.

A number of other equities analysts also recently weighed in on ASUR. Northland Securities increased their price target on shares of Asure Software from $12.50 to $14.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 8th. Stephens reiterated an "overweight" rating and issued a $13.00 target price on shares of Asure Software in a report on Friday, March 7th. Needham & Company LLC reiterated a "buy" rating and issued a $20.00 target price on shares of Asure Software in a report on Friday, March 7th. Finally, Lake Street Capital upgraded Asure Software from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Asure Software presently has an average rating of "Buy" and a consensus target price of $14.17.

Asure Software Price Performance

NASDAQ ASUR traded down $0.34 during mid-day trading on Monday, hitting $9.82. The stock had a trading volume of 107,103 shares, compared to its average volume of 109,474. Asure Software has a 52-week low of $6.89 and a 52-week high of $12.74. The company has a market cap of $266.64 million, a price-to-earnings ratio of -20.89, a P/E/G ratio of 1.11 and a beta of 0.41. The company has a 50 day simple moving average of $9.76 and a 200 day simple moving average of $10.05. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04.

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 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%. Equities analysts forecast that Asure Software will post 0.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other Asure Software news, Director Grace G. Lee sold 7,500 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $9.51, for a total transaction of $71,325.00. Following the transaction, the director now owns 32,215 shares in the company, valued at $306,364.65. The trade was a 18.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ASUR. Geode Capital Management LLC increased its position in shares of 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 during the last quarter. Barclays PLC boosted its position in shares of Asure Software by 225.7% during the third quarter. Barclays PLC now owns 31,075 shares of the technology company's stock worth $281,000 after buying an additional 21,533 shares during the period. Tallon Kerry Patrick acquired a new position in shares of Asure Software during the fourth quarter worth approximately $1,372,000. Pacific Ridge Capital Partners LLC boosted its stake in Asure Software by 12.6% during 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 purchasing an additional 86,277 shares in the last quarter. Finally, State Street Corp grew its holdings in Asure Software by 0.5% during the third quarter. State Street Corp now owns 429,298 shares of the technology company's stock worth $3,885,000 after acquiring an additional 1,961 shares during the period. Institutional investors and hedge funds 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.