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

Barrington Research reaffirmed their outperform rating on shares of Asure Software (NASDAQ:ASUR) in a research note published on Friday morning, Benzinga reports. Barrington Research currently has a $17.00 target price on the technology company’s stock.

ASUR has been the subject of a number of other reports. TD Cowen dropped their price target on shares of Asure Software from $12.00 to $10.00 and set a buy rating for the company in a research report on Monday, May 6th. Needham & Company LLC reiterated a buy rating and issued a $20.00 price target on shares of Asure Software in a research report on Thursday, May 16th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $13.40.

Asure Software Stock Up 1.9 %

NASDAQ ASUR opened at $10.23 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.03. Asure Software has a 1-year low of $6.30 and a 1-year high of $15.54. The company has a 50 day moving average of $8.30 and a 200-day moving average of $8.36. The company has a market cap of $264.04 million, a price-to-earnings ratio of -23.79, a PEG ratio of 0.97 and a beta of 0.62.

Asure Software (NASDAQ:ASUR) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Asure Software had a negative net margin of 8.38% and a positive return on equity of 3.86%. The business had revenue of $31.65 million during the quarter, compared to analyst estimates of $30.98 million. On average, equities research analysts expect that Asure Software will post 0.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Boston Partners bought a new position in Asure Software in the fourth quarter valued at approximately $1,619,000. Equitable Trust Co. grew its stake in shares of Asure Software by 30.7% during the fourth quarter. Equitable Trust Co. now owns 99,580 shares of the technology company’s stock worth $948,000 after buying an additional 23,370 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its stake in shares of Asure Software by 18.3% during the fourth 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. Panagora Asset Management Inc. grew its stake in shares of Asure Software by 23.4% during the fourth quarter. Panagora Asset Management Inc. now owns 82,640 shares of the technology company’s stock worth $787,000 after buying an additional 15,685 shares during the last quarter. Finally, Palogic Value Management L.P. bought a new stake in shares of Asure Software during the fourth quarter worth $717,000. 71.58% of the stock is owned by 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.