Barrington Research Reaffirms “Outperform” Rating for Asure Software (NASDAQ:ASUR)

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

Several other brokerages also recently weighed in on ASUR. Needham & Company LLC restated a “buy” rating and set a $20.00 target price on shares of Asure Software in a research note on Friday, August 2nd. Stephens started coverage on Asure Software in a research report on Wednesday, October 16th. They set an “overweight” rating and a $13.00 target price for the company. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.33.

Asure Software Trading Down 0.1 %

Shares of NASDAQ:ASUR opened at $9.60 on Tuesday. The firm has a fifty day moving average of $8.86 and a two-hundred day moving average of $8.35. The firm has a market capitalization of $254.02 million, a P/E ratio of -22.86, a price-to-earnings-growth ratio of 0.94 and a beta of 0.55. Asure Software has a 12-month low of $6.30 and a 12-month high of $10.52. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03.

Asure Software (NASDAQ:ASUR) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The company had revenue of $28.04 million for the quarter, compared to analyst estimates 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 analysts expect that Asure Software will post 0.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other Asure Software news, Director Daniel M. Gill sold 5,000 shares of Asure Software 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CRO Eyal Goldstein sold 10,000 shares of the business’s 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 sale, the executive now directly owns 239,243 shares in the company, valued at $2,019,210.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Daniel M. Gill sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $8.69, for a total value of $43,450.00. Following the completion of the sale, the director now owns 28,165 shares in the company, valued at approximately $244,753.85. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.90% of the company’s stock.

Institutional Trading of Asure Software

A number of institutional investors have recently modified their holdings of the company. Whittier Trust Co. bought a new stake in shares of Asure Software in the third quarter valued at about $4,140,000. Swedbank AB increased its position in shares of Asure Software by 7.1% in the third quarter. Swedbank AB now owns 750,000 shares of the technology company’s stock valued at $6,788,000 after acquiring an additional 50,000 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its position in shares of Asure Software by 7.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company’s stock valued at $6,334,000 after acquiring an additional 55,123 shares during the last quarter. First Eagle Investment Management LLC increased its position in shares of Asure Software by 34.6% in the second quarter. First Eagle Investment Management LLC now owns 378,901 shares of the technology company’s stock valued at $3,183,000 after acquiring an additional 97,404 shares during the last quarter. Finally, Perritt Capital Management Inc increased its position in shares of Asure Software by 25.4% in the second quarter. Perritt Capital Management Inc now owns 43,877 shares of the technology company’s stock valued at $369,000 after acquiring an additional 8,877 shares during the last quarter. 71.58% of the stock is currently owned by institutional investors.

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.