Asure Software’s (ASUR) “Outperform” Rating Reiterated at Barrington Research

Asure Software (NASDAQ:ASUR)‘s stock had its “outperform” rating reiterated by equities researchers at Barrington Research in a note issued to investors on Tuesday, Benzinga reports. They currently 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 company’s previous close.

Several other equities research analysts also recently weighed in on ASUR. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price target on shares of Asure Software in a report on Friday, August 2nd. Stephens started coverage on Asure Software in a research report on Wednesday, October 16th. They set an “overweight” rating and a $13.00 target price for the company. One 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.33.

Asure Software Trading Down 0.6 %

NASDAQ:ASUR traded down $0.06 during midday trading on Tuesday, hitting $9.60. 4,780 shares of the company traded hands, compared to its average volume of 154,970. The firm has a market capitalization of $247.80 million, a P/E ratio of -22.26, a P/E/G ratio of 0.92 and a beta of 0.55. The firm’s fifty day moving average is $8.74 and its 200-day moving average is $8.30. Asure Software has a 12-month low of $6.30 and a 12-month high of $10.52. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03.

Asure Software (NASDAQ:ASUR) last announced its earnings results on Thursday, August 1st. The technology company reported $0.04 earnings per share 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 firm had revenue of $28.04 million during the quarter, compared to analysts’ expectations of $28.56 million. On average, sell-side analysts predict that Asure Software will post 0.49 EPS for the current year.

Insider Transactions at Asure Software

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

Institutional Trading of Asure Software

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised 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 buying an additional 71,495 shares during the last quarter. Swedbank AB grew its stake in shares of Asure Software by 16.7% during the second quarter. Swedbank AB now owns 700,000 shares of the technology company’s stock worth $5,880,000 after acquiring an additional 100,000 shares during the last quarter. Boston Partners increased its holdings in shares of Asure Software by 43.3% during the first quarter. Boston Partners now owns 243,710 shares of the technology company’s stock valued at $1,896,000 after acquiring an additional 73,633 shares in the last quarter. Rice Hall James & Associates LLC purchased a new position in shares of Asure Software in the 2nd quarter valued at approximately $782,000. Finally, Pacific Ridge Capital Partners LLC boosted its stake in Asure Software by 7.9% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company’s stock worth $6,334,000 after purchasing an additional 55,123 shares in the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.

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.