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

Asure Software (NASDAQ:ASUR - Get Free Report)'s stock had its "outperform" rating reissued by stock analysts at Barrington Research in a report released on Tuesday,Benzinga reports. They currently have a $17.00 price target on the technology company's stock. Barrington Research's price objective indicates a potential upside of 63.46% from the company's current price.

Separately, Needham & Company LLC restated a "buy" rating and set a $20.00 target price on shares of Asure Software in a research report on Wednesday, July 2nd. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $15.00.

Asure Software Stock Performance

Asure Software stock traded up $0.19 during midday trading on Tuesday, reaching $10.40. 13,366 shares of the company traded hands, compared to its average volume of 94,575. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.03 and a quick ratio of 1.03. Asure Software has a 12 month low of $7.51 and a 12 month high of $12.74. The firm has a market capitalization of $282.36 million, a price-to-earnings ratio of -19.63, a price-to-earnings-growth ratio of 0.99 and a beta of 0.40. The business has a 50 day moving average of $9.92 and a two-hundred day moving average of $10.30.

Asure Software (NASDAQ:ASUR - Get Free Report) last announced its earnings results on Thursday, May 1st. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, research analysts predict that Asure Software will post 0.37 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Ben F. Allen sold 10,000 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $10.00, for a total transaction of $100,000.00. Following the completion of the sale, the director directly owned 47,645 shares of the company's stock, valued at approximately $476,450. This trade represents a 17.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.70% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Intech Investment Management LLC purchased a new position in Asure Software in the fourth quarter worth approximately $104,000. PNC Financial Services Group Inc. raised its holdings in shares of Asure Software by 66.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company's stock valued at $120,000 after purchasing an additional 5,096 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Asure Software by 29.7% during the fourth quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company's stock worth $143,000 after purchasing an additional 3,480 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Asure Software by 49.6% during the fourth quarter. Deutsche Bank AG now owns 18,625 shares of the technology company's stock worth $175,000 after purchasing an additional 6,175 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in Asure Software in the fourth quarter valued at $239,000. 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.

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