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

Asure Software (NASDAQ:ASUR)‘s stock had its “outperform” rating reissued by Barrington Research in a report released on Monday,Benzinga reports. They currently have a $17.00 target price on the technology company’s stock. Barrington Research’s target price points to a potential upside of 76.90% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Lake Street Capital upgraded shares of Asure Software from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Northland Securities upped their price objective on shares of Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price target on shares of Asure Software in a report on Friday, March 7th. Finally, Stephens reaffirmed an “overweight” rating and issued a $13.00 price objective on shares of Asure Software in a research report on Friday, March 7th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $14.17.

Asure Software Price Performance

Asure Software stock opened at $9.61 on Monday. The firm has a 50 day moving average price of $9.84 and a 200 day moving average price of $10.04. Asure Software has a 1 year low of $6.89 and a 1 year high of $12.74. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $260.94 million, a price-to-earnings ratio of -20.45, a PEG ratio of 1.11 and a beta of 0.41.

Insider Buying and Selling

In other Asure Software news, Director Grace G. Lee sold 7,500 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $9.51, for a total value of $71,325.00. Following the sale, the director now directly owns 32,215 shares in the company, valued at $306,364.65. This represents a 18.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 8.90% of the company’s stock.

Hedge Funds Weigh In On Asure Software

Large investors have recently modified their holdings of the stock. State Street Corp raised its position in Asure Software by 0.5% during the 3rd quarter. State Street Corp now owns 429,298 shares of the technology company’s stock worth $3,885,000 after purchasing an additional 1,961 shares during the last quarter. Penbrook Management LLC boosted its stake in Asure Software by 1.8% in the 4th quarter. Penbrook Management LLC now owns 114,035 shares of the technology company’s stock worth $1,073,000 after purchasing an additional 2,000 shares during the period. American Century Companies Inc. lifted its position in Asure Software by 8.5% in the 4th quarter. American Century Companies Inc. now owns 39,313 shares of the technology company’s stock worth $370,000 after buying an additional 3,078 shares during the last quarter. Bank of America Corp DE lifted its position in Asure Software by 13.6% in the 4th quarter. Bank of America Corp DE now owns 27,505 shares of the technology company’s stock worth $259,000 after buying an additional 3,287 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Asure Software by 29.7% in the 4th quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company’s stock worth $143,000 after purchasing an additional 3,480 shares during the period. 71.58% of the stock is 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.