Needham & Company LLC Reaffirms Buy Rating for Asure Software (NASDAQ:ASUR)

Needham & Company LLC reissued their buy rating on shares of Asure Software (NASDAQ:ASUR - Free Report) in a research report report published on Thursday morning, Benzinga reports. The firm currently has a $20.00 price objective on the technology company's stock.

ASUR has been the topic of a number of other reports. Barrington Research reiterated an outperform rating and set a $17.00 price target on shares of Asure Software in a research note on Monday, April 29th. TD Cowen dropped their target price on Asure Software from $12.00 to $10.00 and set a buy rating on the stock in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $13.40.

Asure Software Stock Performance

NASDAQ ASUR traded up $0.03 during trading hours on Thursday, hitting $7.63. The company had a trading volume of 113,822 shares, compared to its average volume of 214,445. The business has a 50 day moving average of $7.70 and a 200-day moving average of $8.35. The company has a market cap of $196.95 million, a PE ratio of -17.74, a price-to-earnings-growth ratio of 0.68 and a beta of 0.71. Asure Software has a 1-year low of $6.30 and a 1-year high of $15.54. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.09 and a current ratio of 1.09.

Asure Software (NASDAQ:ASUR - Get Free Report) last announced its earnings results on Monday, February 26th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. The firm had revenue of $26.26 million during the quarter, compared to analysts' expectations of $26.45 million. Asure Software had a positive return on equity of 3.86% and a negative net margin of 8.38%. As a group, equities research analysts expect that Asure Software will post 0.51 EPS for the current year.

Hedge Funds Weigh In On Asure Software

Several institutional investors and hedge funds have recently modified their holdings of ASUR. Private Capital Management LLC raised its holdings in Asure Software by 11.6% in the 4th quarter. Private Capital Management LLC now owns 3,924,027 shares of the technology company's stock valued at $37,357,000 after acquiring an additional 408,000 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Asure Software by 150.3% in the first quarter. Janus Henderson Group PLC now owns 1,737,398 shares of the technology company's stock valued at $13,517,000 after purchasing an additional 1,043,385 shares during the period. Vanguard Group Inc. increased its stake in Asure Software by 6.4% in the first quarter. Vanguard Group Inc. now owns 1,181,423 shares of the technology company's stock valued at $9,191,000 after purchasing an additional 71,495 shares during the last quarter. S Squared Technology LLC lifted its position in Asure Software by 13.0% during the fourth quarter. S Squared Technology LLC now owns 976,900 shares of the technology company's stock worth $9,300,000 after buying an additional 112,479 shares during the period. Finally, Pacific Ridge Capital Partners LLC boosted its stake in Asure Software by 18.3% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 745,145 shares of the technology company's stock worth $7,094,000 after buying an additional 115,256 shares during the last quarter. 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.