Asure Software (NASDAQ:ASUR) Earns Outperform Rating from Barrington Research

Asure Software (NASDAQ:ASUR)‘s stock had its “outperform” rating reiterated by research analysts at Barrington Research in a research note issued to investors on Friday,Benzinga reports. They currently have a $17.00 target price on the technology company’s stock. Barrington Research’s price target suggests a potential upside of 55.39% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price target on shares of Asure Software in a report on Friday. 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 note on Wednesday, December 18th. Northland Securities lifted their price target on shares of Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Lake Street Capital upgraded shares of Asure Software from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Finally, Stephens reiterated an “overweight” rating and issued a $13.00 target price on shares of Asure Software in a report on Wednesday, January 15th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $14.17.

Asure Software Stock Performance

NASDAQ:ASUR opened at $10.94 on Friday. The company’s 50-day moving average is $11.29 and its two-hundred day moving average is $9.86. Asure Software has a 1-year low of $6.89 and a 1-year high of $12.74. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $290.50 million, a price-to-earnings ratio of -23.28, a PEG ratio of 1.11 and a beta of 0.60.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Huntington National Bank acquired a new stake in Asure Software during the 3rd quarter worth approximately $64,000. Swedbank AB increased its position in shares of Asure Software by 7.1% during the third quarter. Swedbank AB now owns 750,000 shares of the technology company’s stock worth $6,788,000 after acquiring an additional 50,000 shares during the period. FMR LLC raised its stake in shares of Asure Software by 350.8% in the third quarter. FMR LLC now owns 6,681 shares of the technology company’s stock valued at $60,000 after acquiring an additional 5,199 shares in the last quarter. ArrowMark Colorado Holdings LLC purchased a new position in Asure Software in the third quarter valued at $5,191,000. Finally, Needham Investment Management LLC grew its stake in Asure Software by 25.4% during the 3rd quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock worth $22,467,000 after purchasing an additional 502,500 shares in the last quarter. Hedge funds and other 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.