Asure Software (NASDAQ:ASUR) Rating Reiterated by Barrington Research

Asure Software (NASDAQ:ASUR)‘s stock had its “outperform” rating restated by Barrington Research in a research report issued on Monday, Benzinga reports. They presently have a $17.00 price target on the technology company’s stock. Barrington Research’s price target would indicate a potential upside of 75.08% from the company’s current price.

A number of other research firms also recently issued reports on ASUR. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price objective on shares of Asure Software in a report on Friday, August 2nd. Stephens began coverage on shares of Asure Software in a research note on Wednesday, October 16th. They set an “overweight” rating and a $13.00 price target for the company. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Asure Software has an average rating of “Moderate Buy” and an average price target of $13.33.

Asure Software Trading Up 1.1 %

Shares of NASDAQ ASUR opened at $9.71 on Monday. Asure Software has a twelve month low of $6.30 and a twelve month high of $10.52. The stock has a market cap of $256.93 million, a price-to-earnings ratio of -23.12, a P/E/G ratio of 0.95 and a beta of 0.55. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The company’s fifty day moving average is $8.89 and its 200-day moving average is $8.37.

Asure Software (NASDAQ:ASUR) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $28.04 million during the quarter, compared to the consensus estimate of $28.56 million. Equities research analysts predict that Asure Software will post 0.49 EPS for the current year.

Insider Buying and Selling at Asure Software

In other news, CRO Eyal Goldstein sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $8.44, for a total transaction of $84,400.00. Following the completion of the sale, the executive now 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 legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Daniel M. Gill sold 5,000 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $244,753.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Eyal Goldstein sold 10,000 shares of the 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 completion of 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. Insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Asure Software

A number of hedge funds and other institutional investors have recently bought and sold shares of ASUR. 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 during the period. Rhumbline Advisers raised its stake 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 acquiring an additional 2,948 shares during the last quarter. BNP Paribas Financial Markets lifted 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 worth $85,000 after purchasing an additional 3,398 shares during the period. American Century Companies Inc. grew its stake 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 worth $228,000 after purchasing an additional 4,756 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in Asure Software by 8.2% in the first quarter. Empowered Funds LLC now owns 67,168 shares of the technology company’s stock valued at $523,000 after purchasing an additional 5,075 shares during the period. Institutional investors 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.