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

Barrington Research reiterated their outperform rating on shares of Asure Software (NASDAQ:ASUR - Free Report) in a research report released on Monday morning, Benzinga reports. They currently have a $17.00 target price on the technology company's stock.

Several other research firms have also recently issued reports on ASUR. Needham & Company LLC reissued a "buy" rating and set a $20.00 target price on shares of Asure Software in a research note on Friday, August 2nd. Stephens initiated coverage on Asure Software in a research note on Wednesday, October 16th. They set an "overweight" rating and a $13.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Asure Software currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.33.

Asure Software Trading Down 0.8 %

ASUR stock traded down $0.08 during midday trading on Monday, hitting $9.63. The company had a trading volume of 89,275 shares, compared to its average volume of 153,855. 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 has a 52 week low of $6.30 and a 52 week high of $10.52. The stock's 50 day moving average price is $8.91 and its 200 day moving average price is $8.39. The stock has a market cap of $254.81 million, a price-to-earnings ratio of -22.93, a PEG ratio of 0.95 and a beta of 0.55.

Asure Software (NASDAQ:ASUR - Get Free Report) last posted its 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). Asure Software had a negative net margin of 9.07% and a positive return on equity of 3.75%. The business had revenue of $28.04 million for the quarter, compared to analysts' expectations of $28.56 million. As a group, equities research analysts expect that Asure Software will post 0.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Asure Software

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its holdings in shares of Asure Software by 45.1% during the first quarter. BNP Paribas Financial Markets now owns 10,929 shares of the technology company's stock valued at $85,000 after acquiring an additional 3,398 shares in the last quarter. Capstone Investment Advisors LLC increased its holdings in shares of Asure Software by 9.0% during the first quarter. Capstone Investment Advisors LLC now owns 21,800 shares of the technology company's stock valued at $170,000 after acquiring an additional 1,800 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Asure Software by 21.2% during the second quarter. American Century Companies Inc. now owns 27,145 shares of the technology company's stock valued at $228,000 after acquiring an additional 4,756 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Asure Software by 11.4% during the second quarter. Rhumbline Advisers now owns 28,802 shares of the technology company's stock valued at $242,000 after buying an additional 2,948 shares during the last quarter. Finally, Perritt Capital Management Inc boosted its position in shares of Asure Software by 25.4% during the second quarter. Perritt Capital Management Inc now owns 43,877 shares of the technology company's stock valued at $369,000 after buying an additional 8,877 shares during the last quarter. 71.58% of the stock is currently 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.