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

Asure Software (NASDAQ:ASUR - Get Free Report)'s stock had its "outperform" rating reiterated by stock analysts at Barrington Research in a report released on Tuesday,Benzinga reports. They currently have a $17.00 target price on the technology company's stock. Barrington Research's price target would suggest a potential upside of 60.98% from the company's previous close.

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

Asure Software Trading Up 2.8%

Shares of ASUR traded up $0.29 during trading hours on Tuesday, hitting $10.56. 52,749 shares of the stock were exchanged, compared to its average volume of 94,075. Asure Software has a fifty-two week low of $7.51 and a fifty-two week high of $12.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.03 and a quick ratio of 1.03. The business has a 50-day moving average of $9.93 and a 200-day moving average of $10.31. The firm has a market capitalization of $286.70 million, a P/E ratio of -19.92, a price-to-earnings-growth ratio of 1.01 and a beta of 0.40.

Asure Software (NASDAQ:ASUR - Get Free Report) last posted 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 positive return on equity of 4.52% and a negative net margin of 11.27%. On average, research analysts expect that Asure Software will post 0.37 EPS for the current year.

Insider Buying and Selling

In other Asure Software news, Director Ben F. Allen sold 10,000 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $10.00, for a total value of $100,000.00. Following the completion of the sale, the director directly owned 47,645 shares in the company, valued at approximately $476,450. This trade represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 8.70% of the company's stock.

Institutional Investors Weigh In On Asure Software

A number of large investors have recently bought and sold shares of the stock. Inspire Investing LLC acquired a new stake in Asure Software in the first quarter worth $703,000. Jane Street Group LLC acquired a new position in shares of Asure Software during the first quarter valued at about $240,000. American Century Companies Inc. grew its holdings in shares of Asure Software by 23.5% during the first 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 during the first quarter valued at about $709,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Asure Software by 4.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 67,467 shares of the technology company's stock valued at $644,000 after buying an additional 2,791 shares during the last quarter. 71.58% of the stock is currently owned by institutional investors and hedge funds.

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.