Northland Securities Cuts Asure Software (NASDAQ:ASUR) Price Target to $12.50

Asure Software (NASDAQ:ASUR) had its target price cut by Northland Securities from $16.00 to $12.50 in a research note issued to investors on Friday morning, Benzinga reports. They currently have an outperform rating on the technology company’s stock.

A number of other analysts also recently issued reports on ASUR. Needham & Company LLC restated a “buy” rating and set a $20.00 price objective on shares of Asure Software in a report on Friday. Stephens started coverage on shares of Asure Software in a research report on Wednesday, October 16th. They set an “overweight” rating and a $13.00 target price for the company. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a report on Monday, October 28th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Asure Software has a consensus rating of “Moderate Buy” and a consensus target price of $13.21.

Asure Software Stock Performance

Shares of ASUR opened at $8.51 on Friday. The stock has a 50 day moving average of $8.98 and a 200 day moving average of $8.44. The company has a market capitalization of $225.16 million, a price-to-earnings ratio of -18.11, a PEG ratio of 0.97 and a beta of 0.52. Asure Software has a 12 month low of $6.30 and a 12 month high of $10.52. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03.

Asure Software (NASDAQ:ASUR) last announced its earnings results on Thursday, August 1st. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03). The business had revenue of $28.04 million for the quarter, compared to analysts’ expectations of $28.56 million. Asure Software had a negative net margin of 10.54% and a positive return on equity of 3.77%. As a group, sell-side analysts forecast that Asure Software will post 0.49 earnings per share for the current year.

Insider Activity at Asure Software

In related news, Director Daniel M. Gill sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $8.69, for a total value of $43,450.00. Following the completion of the transaction, the director now directly owns 28,165 shares of the company’s stock, valued at approximately $244,753.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CRO Eyal Goldstein sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $8.44, for a total transaction of $84,400.00. Following the sale, the executive now directly owns 239,243 shares in the company, valued at $2,019,210.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel M. Gill sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $8.69, for a total transaction of $43,450.00. Following the completion of the transaction, the director now owns 28,165 shares of the company’s stock, valued at $244,753.85. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Asure Software

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its position in shares of Asure Software by 45.1% during the 1st quarter. BNP Paribas Financial Markets now owns 10,929 shares of the technology company’s stock valued at $85,000 after purchasing an additional 3,398 shares in the last quarter. Capstone Investment Advisors LLC increased its stake in Asure Software by 9.0% in the 1st quarter. Capstone Investment Advisors LLC now owns 21,800 shares of the technology company’s stock worth $170,000 after acquiring an additional 1,800 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of Asure Software by 20.7% in the 1st quarter. GSA Capital Partners LLP now owns 62,740 shares of the technology company’s stock valued at $488,000 after acquiring an additional 10,752 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Asure Software by 8.2% during the 1st quarter. Empowered Funds LLC now owns 67,168 shares of the technology company’s stock valued at $523,000 after acquiring an additional 5,075 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its position in shares of Asure Software by 20.3% during the 1st quarter. First Eagle Investment Management LLC now owns 281,497 shares of the technology company’s stock valued at $2,190,000 after acquiring an additional 47,574 shares during the last quarter. 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.