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

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

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

Asure Software Stock Up 12.9 %

ASUR stock opened at $10.94 on Friday. Asure Software has a 1-year low of $6.89 and a 1-year high of $12.74. The business has a fifty day moving average price of $11.29 and a 200-day moving average price of $9.87. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $290.50 million, a P/E ratio of -23.28, a P/E/G ratio of 1.11 and a beta of 0.60.

Institutional Trading of Asure Software

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Needham Investment Management LLC increased its position in Asure Software by 0.5% in the fourth quarter. Needham Investment Management LLC now owns 2,495,000 shares of the technology company’s stock worth $23,478,000 after buying an additional 12,500 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Asure Software by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 897,323 shares of the technology company’s stock worth $8,444,000 after buying an additional 48,836 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its position in Asure Software by 12.6% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 773,572 shares of the technology company’s stock worth $7,279,000 after buying an additional 86,277 shares in the last quarter. Swedbank AB grew its position in shares of Asure Software by 7.1% during the third quarter. Swedbank AB now owns 750,000 shares of the technology company’s stock worth $6,788,000 after purchasing an additional 50,000 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC grew its position in shares of Asure Software by 24.5% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 714,330 shares of the technology company’s stock worth $6,722,000 after purchasing an additional 140,711 shares in the last quarter. Hedge funds and other 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.