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

Asure Software (NASDAQ:ASUR - Get Free Report)'s stock had its "outperform" rating reissued by research analysts at Barrington Research in a research note issued to investors on Friday,Benzinga reports. They presently have a $17.00 price target on the technology company's stock. Barrington Research's price objective would suggest a potential upside of 81.24% from the stock's previous close.

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

Remove Ads

Asure Software Trading Down 7.3 %

Shares of ASUR traded down $0.74 during mid-day trading on Friday, hitting $9.38. The company had a trading volume of 170,544 shares, compared to its average volume of 121,644. Asure Software has a 1-year low of $6.89 and a 1-year high of $12.74. The business's 50-day simple moving average is $11.30 and its 200-day simple moving average is $9.88. The stock has a market cap of $249.08 million, a PE ratio of -19.96, a P/E/G 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.

Institutional Investors Weigh In On Asure Software

A number of large investors have recently modified their holdings of the stock. ArrowMark Colorado Holdings LLC acquired a new position in Asure Software during the 3rd quarter worth approximately $5,191,000. Needham Investment Management LLC raised its stake in shares of Asure Software by 25.4% during the third quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company's stock valued at $22,467,000 after purchasing an additional 502,500 shares during the period. Kennedy Capital Management LLC acquired a new position in shares of Asure Software during the fourth quarter worth $3,338,000. Royce & Associates LP purchased a new position in shares of Asure Software in the fourth quarter valued at $1,623,000. Finally, Tallon Kerry Patrick acquired a new stake in Asure Software during the 4th quarter valued at $1,372,000. 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.