Asure Software’s (ASUR) Outperform Rating Reaffirmed at Barrington Research

Barrington Research reiterated their outperform rating on shares of Asure Software (NASDAQ:ASUR) in a report issued on Friday,Benzinga reports. They currently have a $17.00 price target on the technology company’s stock.

Several other equities research analysts have also recently commented on the stock. Northland Securities boosted their price objective on shares of Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Lake Street Capital raised shares of Asure Software from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a research report on Friday. Stephens reaffirmed an “overweight” rating and issued a $13.00 price objective on shares of Asure Software in a research report on Wednesday, January 15th. Finally, Stifel Nicolaus boosted their price objective on shares of Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $14.17.

Asure Software Price Performance

Shares of ASUR stock opened at $10.94 on Friday. Asure Software has a 12-month low of $6.89 and a 12-month high of $12.74. The firm has a market capitalization of $290.50 million, a price-to-earnings ratio of -23.28, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average of $11.25 and a 200-day moving average of $9.83.

Institutional Investors Weigh In On Asure Software

A number of institutional investors and hedge funds have recently modified their holdings of ASUR. ArrowMark Colorado Holdings LLC bought a new stake in shares of Asure Software in the 3rd quarter valued at about $5,191,000. Needham Investment Management LLC grew its stake in Asure Software by 25.4% in the 3rd quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock valued at $22,467,000 after buying an additional 502,500 shares during the last quarter. Kennedy Capital Management LLC acquired a new position in Asure Software in the 4th quarter valued at about $3,338,000. Royce & Associates LP acquired a new position in Asure Software in the 4th quarter valued at about $1,623,000. Finally, Tallon Kerry Patrick acquired a new position in Asure Software in the 4th quarter valued at about $1,372,000. 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.