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

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

Separately, Needham & Company LLC restated a buy rating and issued a $20.00 target price on shares of Asure Software in a research report on Friday, January 19th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $14.25.

Asure Software Price Performance

ASUR traded up $0.24 during midday trading on Monday, hitting $7.51. 172,791 shares of the company traded hands, compared to its average volume of 211,661. The business has a 50 day simple moving average of $8.23 and a two-hundred day simple moving average of $8.45. Asure Software has a 52-week low of $6.30 and a 52-week high of $15.88. The company has a market capitalization of $193.46 million, a price-to-earnings ratio of -18.77, a PEG ratio of 0.73 and a beta of 0.72. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.02.

Asure Software (NASDAQ:ASUR - Get Free Report) last released its quarterly earnings results on Monday, February 26th. The technology company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Asure Software had a negative net margin of 7.74% and a positive return on equity of 4.30%. The firm had revenue of $26.26 million during the quarter, compared to the consensus estimate of $26.45 million. On average, equities analysts forecast that Asure Software will post 0.48 earnings per share for the current fiscal year.

Institutional Trading of Asure Software

Several large investors have recently bought and sold shares of the business. Naples Money Management LLC purchased a new position in Asure Software in the 4th quarter worth approximately $27,000. Barclays PLC lifted its position in Asure Software by 52.7% during the third quarter. Barclays PLC now owns 5,850 shares of the technology company's stock worth $55,000 after buying an additional 2,020 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Asure Software by 134.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,664 shares of the technology company's stock worth $82,000 after buying an additional 4,976 shares during the last quarter. Commonwealth Equity Services LLC purchased a new stake in Asure Software in the 3rd quarter valued at $95,000. Finally, Spouting Rock Asset Management LLC acquired a new stake in shares of Asure Software in the 3rd quarter worth $98,000. Hedge funds and other institutional investors own 71.58% of the company's stock.

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.