Asure Software (NASDAQ:ASUR) Given Outperform Rating at Barrington Research

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

Separately, Needham & Company LLC reiterated a buy rating and issued a $20.00 target price on shares of Asure Software in a research note on Friday, January 19th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Asure Software presently has a consensus rating of Moderate Buy and a consensus price target of $14.25.

Asure Software Stock Up 3.3 %

Shares of NASDAQ:ASUR opened at $7.51 on Monday. Asure Software has a 52-week low of $6.30 and a 52-week high of $15.88. The company has a 50-day simple moving average of $8.23 and a 200 day simple moving average of $8.45. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.02.

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

Institutional Investors Weigh In On Asure Software

Several hedge funds have recently bought and sold shares of the stock. Private Capital Management LLC lifted its position in Asure Software by 11.6% during the fourth quarter. Private Capital Management LLC now owns 3,924,027 shares of the technology company’s stock worth $37,357,000 after acquiring an additional 408,000 shares during the last quarter. Palogic Value Management L.P. acquired a new stake in Asure Software during the fourth quarter worth approximately $717,000. S Squared Technology LLC lifted its position in Asure Software by 13.0% during the fourth quarter. S Squared Technology LLC now owns 976,900 shares of the technology company’s stock worth $9,300,000 after acquiring an additional 112,479 shares during the last quarter. Aristides Capital LLC acquired a new stake in Asure Software during the fourth quarter worth approximately $255,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of 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 worth $82,000 after purchasing an additional 4,976 shares during the period. 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.