Asure Software (NASDAQ:ASUR) Receives “Outperform” Rating from Barrington Research

Barrington Research reissued their outperform rating on shares of Asure Software (NASDAQ:ASUR) in a research report sent to investors on Tuesday, Benzinga reports. Barrington Research currently has a $17.00 price target on the technology company’s stock.

A number of other equities analysts have also recently issued reports on ASUR. Stephens began coverage on Asure Software in a report on Wednesday, October 16th. They set an “overweight” rating and a $13.00 target price on the stock. 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. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Asure Software currently has an average rating of “Moderate Buy” and a consensus price target of $13.33.

Asure Software Stock Performance

Shares of NASDAQ:ASUR opened at $9.60 on Tuesday. Asure Software has a twelve month low of $6.30 and a twelve month high of $10.52. The firm has a market cap of $247.80 million, a PE ratio of -22.33, a price-to-earnings-growth ratio of 0.92 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. The business has a fifty day moving average of $8.77 and a 200-day moving average of $8.32.

Asure Software (NASDAQ:ASUR) last posted its quarterly 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). The firm had revenue of $28.04 million during the quarter, compared to the consensus estimate of $28.56 million. Asure Software had a negative net margin of 9.07% and a positive return on equity of 3.75%. On average, equities research analysts predict that Asure Software will post 0.49 EPS for the current fiscal year.

Insider Transactions at Asure Software

In other news, Director Daniel M. Gill sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $8.69, for a total transaction of $43,450.00. Following the sale, the director now owns 28,165 shares in the company, valued at $244,753.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In related 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 sale, the director now owns 28,165 shares in the company, valued at approximately $244,753.85. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal 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 sale, the executive now owns 239,243 shares in the company, valued at approximately $2,019,210.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.90% of the company’s stock.

Institutional Trading of Asure Software

Several large investors have recently modified their holdings of ASUR. BNP Paribas Financial Markets boosted its stake in Asure Software by 45.1% in the first quarter. BNP Paribas Financial Markets now owns 10,929 shares of the technology company’s stock valued at $85,000 after buying an additional 3,398 shares in the last quarter. Capstone Investment Advisors LLC boosted its stake in 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. GSA Capital Partners LLP boosted its stake in Asure Software by 20.7% in the first 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 in the last quarter. Empowered Funds LLC boosted its stake 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 buying an additional 5,075 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in 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 valued at $2,190,000 after buying 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.