Asure Software's (ASUR) "Outperform" Rating Reiterated at Barrington Research

Asure Software (NASDAQ:ASUR - Get Free Report)'s stock had its "outperform" rating reissued by investment analysts at Barrington Research in a research report issued on Thursday,Benzinga reports. They currently have a $15.00 price target on the technology company's stock. Barrington Research's price target suggests a potential upside of 75.85% from the stock's previous close.

A number of other equities analysts also recently issued reports on ASUR. Needham & Company LLC dropped their price objective on shares of Asure Software from $20.00 to $15.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Weiss Ratings reiterated a "sell (d-)" rating on shares of Asure Software in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Asure Software presently has an average rating of "Moderate Buy" and a consensus target price of $13.60.

Asure Software Price Performance

NASDAQ ASUR opened at $8.53 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.27 and a current ratio of 1.27. The firm's 50 day moving average price is $8.23 and its 200-day moving average price is $9.18. Asure Software has a 52-week low of $7.51 and a 52-week high of $12.74. The company has a market cap of $233.89 million, a PE ratio of -14.71, a P/E/G ratio of 1.05 and a beta of 0.44.

Insider Buying and Selling at Asure Software

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wasatch Advisors LP increased its holdings in Asure Software by 19.6% in the second quarter. Wasatch Advisors LP now owns 770,025 shares of the technology company's stock valued at $7,515,000 after buying an additional 126,450 shares in the last quarter. Kennedy Capital Management LLC increased its holdings in Asure Software by 8.7% in the second quarter. Kennedy Capital Management LLC now owns 434,247 shares of the technology company's stock valued at $4,238,000 after buying an additional 34,579 shares in the last quarter. Rice Hall James & Associates LLC increased its holdings in Asure Software by 3.3% in the third quarter. Rice Hall James & Associates LLC now owns 427,445 shares of the technology company's stock valued at $3,505,000 after buying an additional 13,483 shares in the last quarter. Royce & Associates LP increased its holdings in Asure Software by 60.4% in the first quarter. Royce & Associates LP now owns 276,670 shares of the technology company's stock valued at $2,642,000 after buying an additional 104,170 shares in the last quarter. Finally, Equitable Trust Co. increased its holdings in Asure Software by 8.8% in the second quarter. Equitable Trust Co. now owns 109,395 shares of the technology company's stock valued at $1,068,000 after buying an additional 8,805 shares in the last quarter. 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.

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