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

Needham & Company LLC reaffirmed their buy rating on shares of Asure Software (NASDAQ:ASUR - Free Report) in a research note released on Wednesday,Benzinga reports. The brokerage currently has a $20.00 price objective on the technology company's stock.

Several other equities research analysts have also issued reports on ASUR. Barrington Research reaffirmed an "outperform" rating and issued a $17.00 price objective on shares of Asure Software in a research note on Tuesday, May 27th. Stephens reaffirmed an "overweight" rating and issued a $13.00 price target on shares of Asure Software in a research report on Friday, March 7th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Asure Software presently has a consensus rating of "Buy" and a consensus price target of $15.00.

Asure Software Stock Up 5.3%

ASUR traded up $0.57 during trading on Wednesday, reaching $11.38. 57,195 shares of the stock traded hands, compared to its average volume of 97,475. The stock has a market cap of $309.08 million, a price-to-earnings ratio of -21.48, a price-to-earnings-growth ratio of 1.06 and a beta of 0.40. 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 stock's 50-day simple moving average is $9.80 and its two-hundred day simple moving average is $10.20.

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

Insider Activity

In related news, Director Ben F. Allen sold 10,000 shares of Asure Software 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 transaction, the director owned 47,645 shares in the company, valued at $476,450. This trade represents a 17.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 8.70% of the company's stock.

Institutional Investors Weigh In On Asure Software

Hedge funds have recently bought and sold shares of the company. Inspire Investing LLC acquired a new position in shares of Asure Software during the 1st quarter worth about $703,000. Jane Street Group LLC acquired a new position in Asure Software in the 1st quarter valued at approximately $240,000. American Century Companies Inc. lifted its position in shares of Asure Software by 23.5% in the 1st quarter. American Century Companies Inc. now owns 48,562 shares of the technology company's stock worth $464,000 after acquiring an additional 9,249 shares during the period. Nuveen LLC acquired a new stake in shares of Asure Software during the 1st quarter worth approximately $709,000. Finally, Charles Schwab Investment Management Inc. increased its position 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 purchasing an additional 2,791 shares during the period. 71.58% of the stock is currently owned by institutional investors.

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.