Needham & Company LLC Reaffirms “Buy” Rating for Asure Software (NASDAQ:ASUR)

Asure Software (NASDAQ:ASUR)‘s stock had its “buy” rating reiterated by research analysts at Needham & Company LLC in a report issued on Friday,Benzinga reports. They presently have a $20.00 price target on the technology company’s stock. Needham & Company LLC’s target price would indicate a potential upside of 97.04% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Northland Securities increased their target price on shares of Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. Stephens reissued an “overweight” rating and set a $13.00 price objective on shares of Asure Software in a research note on Friday, March 7th. Barrington Research restated an “outperform” rating and issued a $17.00 target price on shares of Asure Software in a research note on Monday, April 28th. Finally, Lake Street Capital upgraded Asure Software from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Asure Software presently has an average rating of “Buy” and an average price target of $14.17.

Asure Software Trading Up 3.4 %

NASDAQ:ASUR opened at $10.15 on Friday. Asure Software has a 1 year low of $7.05 and a 1 year high of $12.74. The stock’s fifty day moving average price is $9.70 and its two-hundred day moving average price is $10.08. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $275.60 million, a P/E ratio of -21.60, a P/E/G ratio of 1.11 and a beta of 0.41.

Asure Software (NASDAQ:ASUR) last issued its earnings results on Thursday, May 1st. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.06). Asure Software had a positive return on equity of 3.75% and a negative net margin of 10.54%. As a group, analysts expect that Asure Software will post 0.37 EPS for the current year.

Insiders Place Their Bets

In related news, Director Grace G. Lee sold 7,500 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $9.51, for a total transaction of $71,325.00. Following the transaction, the director now directly owns 32,215 shares of the company’s stock, valued at approximately $306,364.65. This trade represents a 18.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 8.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Penbrook Management LLC boosted its stake in shares of Asure Software by 1.8% in the 4th quarter. Penbrook Management LLC now owns 114,035 shares of the technology company’s stock valued at $1,073,000 after purchasing an additional 2,000 shares in the last quarter. American Century Companies Inc. lifted its stake in Asure Software by 8.5% in the fourth quarter. American Century Companies Inc. now owns 39,313 shares of the technology company’s stock worth $370,000 after purchasing an additional 3,078 shares during the last quarter. Bank of America Corp DE boosted its position in Asure Software by 13.6% during the fourth quarter. Bank of America Corp DE now owns 27,505 shares of the technology company’s stock valued at $259,000 after buying an additional 3,287 shares during the period. Wells Fargo & Company MN grew its stake in shares of Asure Software by 29.7% during the fourth quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company’s stock valued at $143,000 after buying an additional 3,480 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Asure Software by 66.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company’s stock worth $120,000 after buying an additional 5,096 shares during the period. 71.58% of the stock is currently 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.