Asure Software (NASDAQ:ASUR) Receives Outperform Rating from Barrington Research

Barrington Research reiterated their outperform rating on shares of Asure Software (NASDAQ:ASUR) in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a $15.00 price target on the technology company’s stock.

Separately, Needham & Company LLC dropped their target price on shares of Asure Software from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, August 1st. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $13.60.

Asure Software Trading Up 0.1%

NASDAQ ASUR opened at $8.10 on Tuesday. Asure Software has a 12 month low of $7.51 and a 12 month high of $12.74. The company has a 50-day moving average of $8.68 and a 200-day moving average of $9.38. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market cap of $222.10 million, a P/E ratio of -13.97, a P/E/G ratio of 0.99 and a beta of 0.39.

Insider Activity at Asure Software

In other Asure Software news, CEO Patrick Goepel bought 5,250 shares of Asure Software stock in a transaction dated Wednesday, August 6th. The stock was bought at an average cost of $8.16 per share, for a total transaction of $42,840.00. Following the purchase, the chief executive officer owned 1,307,622 shares in the company, valued at $10,670,195.52. This represents a 0.40% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William Carl Drew bought 25,000 shares of Asure Software stock in a transaction dated Tuesday, August 5th. The shares were acquired at an average price of $8.30 per share, with a total value of $207,500.00. Following the completion of the purchase, the director owned 103,165 shares in the company, valued at approximately $856,269.50. The trade was a 31.98% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Asure Software

Several institutional investors and hedge funds have recently made changes to their positions in ASUR. Advisor Resource Council purchased a new position in shares of Asure Software during the 1st quarter valued at approximately $1,864,000. Wasatch Advisors LP raised its position in shares of Asure Software by 19.6% during the 2nd quarter. Wasatch Advisors LP now owns 770,025 shares of the technology company’s stock valued at $7,515,000 after acquiring an additional 126,450 shares in the last quarter. Royce & Associates LP raised its position in shares of Asure Software by 60.4% during the 1st quarter. Royce & Associates LP now owns 276,670 shares of the technology company’s stock valued at $2,642,000 after acquiring an additional 104,170 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Asure Software during the 1st quarter valued at approximately $709,000. Finally, Inspire Investing LLC acquired a new stake in shares of Asure Software during the 1st quarter valued at approximately $703,000. 71.58% of the stock is currently owned by hedge funds and other institutional investors.

About Asure Software

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.