Asure Software (NASDAQ:ASUR) Given New $12.50 Price Target at Northland Securities

Asure Software (NASDAQ:ASUR - Get Free Report) had its target price lowered by research analysts at Northland Securities from $16.00 to $12.50 in a research note issued on Friday, Benzinga reports. The brokerage presently has an "outperform" rating on the technology company's stock. Northland Securities' target price points to a potential upside of 46.89% from the stock's previous close.

A number of other analysts also recently weighed in on ASUR. Stephens started coverage on shares of Asure Software in a report on Wednesday, October 16th. They issued an "overweight" rating and a $13.00 price target for the company. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 price objective on shares of Asure Software in a research report on Friday. Finally, Barrington Research reissued an "outperform" rating and set a $17.00 target price on shares of Asure Software in a research report on Monday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Asure Software has a consensus rating of "Moderate Buy" and an average price target of $13.21.

Asure Software Stock Performance

Shares of Asure Software stock traded down $1.41 during trading on Friday, reaching $8.51. The company's stock had a trading volume of 468,541 shares, compared to its average volume of 154,448. The business's fifty day moving average price is $8.98 and its 200-day moving average price is $8.43. Asure Software has a one year low of $6.30 and a one year high of $10.52. The firm has a market cap of $225.17 million, a price-to-earnings ratio of -20.26, a price-to-earnings-growth ratio of 0.94 and a beta of 0.55. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11.

Asure Software (NASDAQ:ASUR - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.03). Asure Software had a positive return on equity of 3.75% and a negative net margin of 9.07%. The business had revenue of $28.04 million for the quarter, compared to analyst estimates of $28.56 million. As a group, equities research analysts predict that Asure Software will post 0.49 earnings per share for the current year.

Insiders Place Their Bets

In other news, CRO Eyal Goldstein sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $8.44, for a total value of $84,400.00. Following the completion of the transaction, the executive now directly 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Daniel M. Gill sold 5,000 shares of Asure Software stock in a transaction dated 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 transaction, the director now directly owns 28,165 shares of the company's stock, valued at $244,753.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Eyal Goldstein sold 10,000 shares of the company'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 sale, the executive now directly owns 239,243 shares in the company, 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 Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets increased its holdings 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 valued at $85,000 after purchasing an additional 3,398 shares in the last quarter. Capstone Investment Advisors LLC increased its stake in shares of Asure Software by 9.0% in the first quarter. Capstone Investment Advisors LLC now owns 21,800 shares of the technology company's stock valued at $170,000 after buying an additional 1,800 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Asure Software by 21.2% in the second quarter. American Century Companies Inc. now owns 27,145 shares of the technology company's stock valued at $228,000 after buying an additional 4,756 shares during the last quarter. Rhumbline Advisers lifted its position in Asure Software by 11.4% during the 2nd quarter. Rhumbline Advisers now owns 28,802 shares of the technology company's stock worth $242,000 after buying an additional 2,948 shares in the last quarter. Finally, Perritt Capital Management Inc grew its holdings in Asure Software by 25.4% during the 2nd quarter. Perritt Capital Management Inc now owns 43,877 shares of the technology company's stock worth $369,000 after acquiring an additional 8,877 shares during the last quarter. 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.