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

Asure Software (NASDAQ:ASUR)‘s stock had its “outperform” rating reiterated by stock analysts at Barrington Research in a research note issued on Monday, Benzinga reports. They presently have a $17.00 price target on the technology company’s stock. Barrington Research’s price objective indicates a potential upside of 130.04% from the stock’s current price.

Separately, Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of Asure Software in a report on Friday, January 19th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.25.

Asure Software Trading Down 1.6 %

NASDAQ:ASUR opened at $7.39 on Monday. The stock’s 50 day moving average price is $8.23 and its 200 day moving average price is $8.45. Asure Software has a 52 week low of $6.30 and a 52 week high of $15.88. The company has a market capitalization of $190.37 million, a P/E ratio of -18.47, a P/E/G ratio of 0.73 and a beta of 0.72. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.11 and a current ratio of 1.11.

Asure Software (NASDAQ:ASUR) last announced its quarterly earnings results on Monday, February 26th. The technology company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $26.26 million during the quarter, compared to analysts’ expectations of $26.45 million. Asure Software had a positive return on equity of 4.30% and a negative net margin of 7.74%. On average, research analysts forecast that Asure Software will post 0.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Naples Money Management LLC acquired a new stake in shares of Asure Software during the 4th quarter valued at about $27,000. Barclays PLC raised its holdings in shares of Asure Software by 52.7% in the 3rd quarter. Barclays PLC now owns 5,850 shares of the technology company’s stock worth $55,000 after buying an additional 2,020 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Asure Software by 134.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,664 shares of the technology company’s stock worth $82,000 after buying an additional 4,976 shares during the period. Commonwealth Equity Services LLC acquired a new stake in Asure Software in the 3rd quarter valued at $95,000. Finally, Spouting Rock Asset Management LLC bought a new stake in Asure Software in the third quarter valued at $98,000. 71.58% of the stock is currently owned by institutional investors and hedge funds.

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.