Asure Software (NASDAQ:ASUR) Rating Reiterated by Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Asure Software (NASDAQ:ASUR) in a research note released on Friday morning, Benzinga reports. The firm currently has a $20.00 price objective on the technology company’s stock.

Separately, Barrington Research reaffirmed an outperform rating and set a $17.00 price objective on shares of Asure Software in a report on Monday, April 29th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $13.40.

Asure Software Stock Up 3.7 %

Shares of Asure Software stock opened at $7.30 on Friday. The company has a market cap of $188.07 million, a P/E ratio of -16.98, a PEG ratio of 0.70 and a beta of 0.71. The firm has a fifty day moving average of $8.02 and a two-hundred day moving average of $8.41. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.09 and a current ratio of 1.09. Asure Software has a one year low of $6.30 and a one year high of $15.88.

Asure Software (NASDAQ:ASUR) last announced its quarterly earnings data on Monday, February 26th. The technology company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Asure Software had a negative net margin of 8.38% and a positive return on equity of 3.86%. The firm had revenue of $26.26 million during the quarter, compared to the consensus estimate of $26.45 million. On average, analysts forecast that Asure Software will post 0.48 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC purchased a new stake in shares of Asure Software in the third quarter valued at $95,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Asure Software by 40.0% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 14,000 shares of the technology company’s stock worth $132,000 after purchasing an additional 4,000 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Asure Software by 6.9% during the third quarter. Bank of New York Mellon Corp now owns 179,319 shares of the technology company’s stock worth $1,696,000 after buying an additional 11,536 shares in the last quarter. Skylands Capital LLC acquired a new position in shares of Asure Software in the third quarter valued at approximately $656,000. Finally, Panagora Asset Management Inc. lifted its stake in shares of Asure Software by 44.2% during the third quarter. Panagora Asset Management Inc. now owns 66,955 shares of the technology company’s stock valued at $633,000 after buying an additional 20,532 shares during the period. Institutional investors and hedge funds 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.