Asure Software (NASDAQ:ASUR) Rating Reiterated by Barrington Research

Asure Software (NASDAQ:ASUR)‘s stock had its “outperform” rating restated by research analysts at Barrington Research in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $17.00 price objective on the technology company’s stock. Barrington Research’s target price would suggest a potential upside of 76.90% from the company’s current price.

ASUR has been the subject of a number of other research reports. Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of Asure Software in a research note on Friday, August 2nd. Stephens began 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 investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $13.33.

Asure Software Stock Performance

Shares of NASDAQ ASUR opened at $9.61 on Tuesday. The firm has a market capitalization of $248.06 million, a price-to-earnings ratio of -22.35, a PEG ratio of 0.92 and a beta of 0.55. Asure Software has a one year low of $6.30 and a one year high of $10.52. The business has a fifty day simple moving average of $8.80 and a 200 day simple moving average of $8.33. 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 quarterly 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). The business had revenue of $28.04 million during the quarter, compared to the consensus estimate of $28.56 million. Asure Software had a negative net margin of 9.07% and a positive return on equity of 3.75%. Sell-side analysts expect that Asure Software will post 0.49 EPS for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its stake in Asure Software by 45.1% during the 1st quarter. BNP Paribas Financial Markets now owns 10,929 shares of the technology company’s stock worth $85,000 after purchasing an additional 3,398 shares in the last quarter. Capstone Investment Advisors LLC boosted its stake in Asure Software by 9.0% in the 1st quarter. Capstone Investment Advisors LLC now owns 21,800 shares of the technology company’s stock worth $170,000 after purchasing an additional 1,800 shares during the period. GSA Capital Partners LLP increased its holdings in Asure Software by 20.7% during the 1st quarter. GSA Capital Partners LLP now owns 62,740 shares of the technology company’s stock worth $488,000 after purchasing an additional 10,752 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Asure Software by 8.2% in the first quarter. Empowered Funds LLC now owns 67,168 shares of the technology company’s stock valued at $523,000 after purchasing an additional 5,075 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its position in shares of Asure Software by 20.3% during the first quarter. First Eagle Investment Management LLC now owns 281,497 shares of the technology company’s stock worth $2,190,000 after buying an additional 47,574 shares during the period. 71.58% of the stock is owned by institutional investors and hedge funds.

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.