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

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

A number of other equities analysts have also recently issued reports on the company. Needham & Company LLC reiterated a "buy" rating and issued a $20.00 price objective on shares of Asure Software in a report on Friday, May 2nd. Stephens reiterated an "overweight" rating and issued a $13.00 price objective on shares of Asure Software in a report on Friday, March 7th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Asure Software currently has an average rating of "Buy" and a consensus price target of $15.00.

Asure Software Stock Performance

Shares of NASDAQ ASUR traded up $0.12 during midday trading on Tuesday, hitting $9.64. The company's stock had a trading volume of 23,844 shares, compared to its average volume of 101,136. The stock has a fifty day moving average price of $9.59 and a 200 day moving average price of $10.12. Asure Software has a one year low of $7.41 and a one year high of $12.74. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $261.76 million, a price-to-earnings ratio of -20.51, a P/E/G ratio of 1.11 and a beta of 0.43.

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 10.54% and a positive return on equity of 3.75%. On average, research analysts forecast that Asure Software will post 0.37 EPS for the current fiscal year.

Insider Activity at Asure Software

In related news, Director Ben F. Allen sold 10,000 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $10.00, for a total transaction of $100,000.00. Following the sale, the director now directly owns 47,645 shares of the company's stock, valued at $476,450. This trade represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Grace G. Lee sold 7,500 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $9.51, for a total value of $71,325.00. Following the sale, the director now directly owns 32,215 shares in the company, valued at $306,364.65. This trade represents a 18.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,331 shares of company stock valued at $179,228 in the last three months. Company insiders own 8.90% of the company's stock.

Hedge Funds Weigh In On Asure Software

Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of Asure Software by 1,136.1% in the 1st quarter. GAMMA Investing LLC now owns 6,131 shares of the technology company's stock worth $642,000 after buying an additional 5,635 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Asure Software in the fourth quarter worth about $104,000. PNC Financial Services Group Inc. increased its holdings in shares of Asure Software by 66.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company's stock worth $120,000 after purchasing an additional 5,096 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Asure Software by 29.7% in 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 during the last quarter. Finally, Deutsche Bank AG increased its stake in 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 acquiring an additional 6,175 shares during the last quarter. 71.58% of the stock is currently owned by hedge funds and other institutional investors.

About Asure Software

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.