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

Barrington Research reiterated their outperform rating on shares of Asure Software (NASDAQ:ASUR) in a research report released on Monday morning, Benzinga reports. The brokerage currently has a $17.00 price objective on the technology company’s stock.

Other equities analysts have also recently issued research reports about the company. TD Cowen decreased their price objective on Asure Software from $12.00 to $10.00 and set a buy rating for the company in a report on Monday, May 6th. Needham & Company LLC reiterated a buy rating and set a $20.00 price target on shares of Asure Software in a research report on Thursday, May 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Asure Software presently has an average rating of Moderate Buy and a consensus target price of $13.40.

Asure Software Price Performance

Shares of NASDAQ ASUR opened at $8.08 on Monday. Asure Software has a 52 week low of $6.30 and a 52 week high of $15.54. The business’s 50 day moving average price is $7.49 and its 200 day moving average price is $8.30. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.03. The firm has a market cap of $208.54 million, a P/E ratio of -18.79, a P/E/G ratio of 0.75 and a beta of 0.69.

Asure Software (NASDAQ:ASUR) last released its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). Asure Software had a negative net margin of 8.38% and a positive return on equity of 3.86%. The business had revenue of $31.65 million during the quarter, compared to analysts’ expectations of $30.98 million. On average, sell-side analysts expect that Asure Software will post 0.5 earnings per share for the current year.

Hedge Funds Weigh In On Asure Software

A number of hedge funds have recently bought and sold shares of ASUR. Naples Money Management LLC acquired a new position in shares of Asure Software during the 4th quarter worth approximately $27,000. Barclays PLC lifted its holdings in Asure Software by 52.7% during the third quarter. Barclays PLC now owns 5,850 shares of the technology company’s stock valued at $55,000 after purchasing an additional 2,020 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Asure Software by 134.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,664 shares of the technology company’s stock valued at $82,000 after purchasing an additional 4,976 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Asure Software by 45.1% during the first quarter. BNP Paribas Financial Markets now owns 10,929 shares of the technology company’s stock worth $85,000 after purchasing an additional 3,398 shares in the last quarter. Finally, Spouting Rock Asset Management LLC acquired a new position in shares of Asure Software during the 3rd quarter worth about $98,000. Hedge funds and other 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.