Needham & Company LLC Reaffirms Buy Rating for Asure Software (NASDAQ:ASUR)

Needham & Company LLC reiterated their buy rating on shares of Asure Software (NASDAQ:ASUR - Free Report) in a report issued on Friday morning, Benzinga reports. Needham & Company LLC currently has a $20.00 price objective on the technology company's stock.

Several other research analysts also recently issued reports on the company. Stephens began coverage on Asure Software in a research note on Wednesday, October 16th. They set an "overweight" rating and a $13.00 price target for the company. Barrington Research reaffirmed an "outperform" rating and issued a $17.00 price target on shares of Asure Software in a report on Monday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $13.21.

Asure Software Price Performance

Asure Software stock traded down $1.41 during mid-day trading on Friday, reaching $8.51. The company had a trading volume of 468,541 shares, compared to its average volume of 154,448. The stock's 50-day simple moving average is $8.98 and its 200-day simple moving average is $8.43. Asure Software has a 1 year low of $6.30 and a 1 year high of $10.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $225.17 million, a P/E ratio of -20.26, a P/E/G ratio of 0.94 and a beta of 0.55.

Asure Software (NASDAQ:ASUR - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $28.04 million for the quarter, compared to analyst estimates of $28.56 million. Asure Software had a positive return on equity of 3.75% and a negative net margin of 9.07%. On average, equities analysts predict that Asure Software will post 0.49 EPS for the current year.

Insider Buying and Selling at Asure Software

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ASUR. BNP Paribas Financial Markets raised its stake in shares of Asure Software by 45.1% in the 1st 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 during the period. Capstone Investment Advisors LLC lifted its holdings 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 buying an additional 1,800 shares in the last quarter. GSA Capital Partners LLP boosted its position in Asure Software by 20.7% in the 1st quarter. GSA Capital Partners LLP now owns 62,740 shares of the technology company's stock valued at $488,000 after buying an additional 10,752 shares during the last quarter. Empowered Funds LLC increased its position in shares of Asure Software by 8.2% during the first quarter. Empowered Funds LLC now owns 67,168 shares of the technology company's stock worth $523,000 after acquiring an additional 5,075 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in shares of Asure Software by 20.3% in the first quarter. First Eagle Investment Management LLC now owns 281,497 shares of the technology company's stock worth $2,190,000 after acquiring an additional 47,574 shares in the last quarter. 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.