Asure Software’s (ASUR) Outperform Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of Asure Software (NASDAQ:ASUR) in a research report released on Monday,Benzinga reports. The brokerage currently has a $15.00 target price on the technology company’s stock.

Other analysts also recently issued research reports about the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Asure Software in a report on Wednesday, October 8th. Needham & Company LLC reduced their price objective on Asure Software from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, August 1st. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.60.

Asure Software Stock Up 1.0%

Shares of NASDAQ:ASUR opened at $8.24 on Monday. The company has a market capitalization of $225.98 million, a P/E ratio of -14.21, a P/E/G ratio of 1.00 and a beta of 0.44. The stock’s fifty day simple moving average is $8.23 and its 200-day simple moving average is $9.12. Asure Software has a 52-week low of $7.70 and a 52-week high of $12.74. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.33.

Institutional Trading of Asure Software

A number of hedge funds and other institutional investors have recently modified their holdings of ASUR. Tower Research Capital LLC TRC lifted its holdings in Asure Software by 446.8% in the second quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company’s stock valued at $65,000 after buying an additional 5,451 shares during the period. Tripletail Wealth Management LLC bought a new position in Asure Software in the 3rd quarter worth approximately $75,000. Invesco Ltd. bought a new position in Asure Software in the 2nd quarter worth approximately $112,000. R Squared Ltd bought a new position in Asure Software in the 2nd quarter valued at $123,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Asure Software by 11.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 13,409 shares of the technology company’s stock valued at $131,000 after purchasing an additional 1,378 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.