Asure Software (NASDAQ:ASUR) Stock Rating Reaffirmed by Barrington Research

Asure Software (NASDAQ:ASUR)‘s stock had its “outperform” rating reiterated by Barrington Research in a report released on Tuesday, Benzinga reports. They presently have a $17.00 target price on the technology company’s stock. Barrington Research’s price target suggests a potential upside of 77.08% from the stock’s previous close.

Several other research analysts have also recently weighed in on ASUR. Needham & Company LLC restated a “buy” rating and issued a $20.00 price target on shares of Asure Software in a research note on Friday, August 2nd. Stephens initiated coverage on shares of Asure Software in a research note on Wednesday, October 16th. They set an “overweight” rating and a $13.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.33.

Asure Software Stock Down 0.6 %

Shares of Asure Software stock traded down $0.06 during trading on Tuesday, hitting $9.60. The company’s stock had a trading volume of 4,780 shares, compared to its average volume of 154,970. Asure Software has a 52 week low of $6.30 and a 52 week high of $10.52. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. The company has a fifty day simple moving average of $8.74 and a two-hundred day simple moving average of $8.30. The company has a market capitalization of $247.80 million, a PE ratio of -22.26, a P/E/G ratio of 0.92 and a beta of 0.55.

Asure Software (NASDAQ:ASUR) last released its earnings results on Thursday, August 1st. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03). Asure Software had a negative net margin of 9.07% and a positive return on equity of 3.75%. The business had revenue of $28.04 million for the quarter, compared to analysts’ expectations of $28.56 million. Equities research analysts predict that Asure Software will post 0.49 earnings per share for the current year.

Insider Activity at Asure Software

In related news, CRO Eyal Goldstein sold 10,000 shares of Asure Software stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $8.44, for a total transaction of $84,400.00. Following the transaction, the executive now directly owns 239,243 shares in the company, valued at approximately $2,019,210.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Asure Software news, Director Daniel M. Gill sold 5,000 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $8.69, for a total value of $43,450.00. Following the completion of the sale, the director now owns 28,165 shares in the company, valued at approximately $244,753.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Eyal Goldstein sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $8.44, for a total value of $84,400.00. Following the completion of the transaction, the executive now owns 239,243 shares in the company, valued at $2,019,210.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.90% of the stock is owned by company insiders.

Institutional Trading of Asure Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Asure Software by 6.4% during the 1st 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. Swedbank AB grew its holdings in Asure Software by 16.7% during the 2nd quarter. Swedbank AB now owns 700,000 shares of the technology company’s stock valued at $5,880,000 after buying an additional 100,000 shares in the last quarter. Boston Partners increased its stake in Asure Software by 43.3% in the 1st quarter. Boston Partners now owns 243,710 shares of the technology company’s stock worth $1,896,000 after acquiring an additional 73,633 shares during the last quarter. Rice Hall James & Associates LLC purchased a new stake in shares of Asure Software during the 2nd quarter worth approximately $782,000. Finally, Pacific Ridge Capital Partners LLC boosted its position in shares of Asure Software by 7.9% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company’s stock valued at $6,334,000 after acquiring an additional 55,123 shares during the last quarter. 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.