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

Asure Software (NASDAQ:ASUR)‘s stock had its “outperform” rating reiterated by stock analysts at Barrington Research in a research note issued to investors on Friday,Benzinga reports. They currently have a $15.00 target price on the technology company’s stock. Barrington Research’s price target would indicate a potential upside of 65.20% from the stock’s current price.

A number of other equities research analysts have also weighed in on ASUR. Wall Street Zen raised shares of Asure Software from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Zacks Research raised shares of Asure Software from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Asure Software in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Asure Software Trading Up 0.4%

Shares of ASUR opened at $9.08 on Friday. The firm’s 50-day moving average price is $8.53 and its 200-day moving average price is $8.65. The firm has a market capitalization of $260.05 million, a price-to-earnings ratio of -19.32, a PEG ratio of 1.12 and a beta of 0.48. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.32. Asure Software has a 1-year low of $6.80 and a 1-year high of $11.48.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Needham Investment Management LLC lifted its position in Asure Software by 1.5% during the 4th quarter. Needham Investment Management LLC now owns 2,570,000 shares of the technology company’s stock valued at $24,209,000 after acquiring an additional 37,500 shares during the period. Vanguard Group Inc. lifted its position in Asure Software by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,401,318 shares of the technology company’s stock valued at $11,491,000 after acquiring an additional 41,539 shares during the period. Dimensional Fund Advisors LP lifted its position in Asure Software by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 925,362 shares of the technology company’s stock valued at $7,588,000 after acquiring an additional 5,855 shares during the period. ArrowMark Colorado Holdings LLC lifted its position in Asure Software by 7.7% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 866,474 shares of the technology company’s stock valued at $7,105,000 after acquiring an additional 62,231 shares during the period. Finally, Wasatch Advisors LP lifted its position in 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 during the period. 71.58% of the stock is owned by hedge funds and other institutional investors.

Asure Software Company Profile

Asure Software, Inc (NASDAQ: ASUR) is a Texas‐based technology company specializing in cloud‐based workforce and workspace management solutions. The company develops software that streamlines human capital management (HCM), payroll processing, time and attendance tracking, and workspace reservation for businesses seeking to optimize employee experience and operational efficiency.

The Asure platform includes modules for payroll administration, benefits enrollment, performance management, applicant tracking and onboarding, as well as mobile and web‐based timekeeping.