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

Asure Software (NASDAQ:ASUR) had its price target cut by equities researchers at Northland Securities from $16.00 to $12.50 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Northland Securities’ target price indicates a potential upside of 48.28% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Barrington Research reaffirmed an “outperform” rating and set a $17.00 price target on shares of Asure Software in a report on Monday. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price target on shares of Asure Software in a research note on Friday. Finally, Stephens assumed coverage on shares of Asure Software in a research note on Wednesday, October 16th. They issued an “overweight” rating and a $13.00 price target for the company. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $13.21.

Asure Software Stock Performance

Shares of Asure Software stock traded down $1.49 during trading hours on Friday, reaching $8.43. The company’s stock had a trading volume of 394,287 shares, compared to its average volume of 154,098. Asure Software has a one year low of $6.30 and a one year high of $10.52. The company’s 50 day simple moving average is $8.99 and its 200 day simple moving average is $8.42. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market cap of $223.06 million, a P/E ratio of -20.07, a price-to-earnings-growth ratio of 0.94 and a beta of 0.55.

Asure Software (NASDAQ:ASUR) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). Asure Software had a positive return on equity of 3.75% and a negative net margin of 9.07%. The company had revenue of $28.04 million for the quarter, compared to analyst estimates of $28.56 million. As a group, analysts expect that Asure Software will post 0.49 EPS for the current fiscal year.

Insider Activity

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

Institutional Investors Weigh In On Asure Software

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rice Hall James & Associates LLC grew its position in Asure Software by 465.1% in the 3rd quarter. Rice Hall James & Associates LLC now owns 526,345 shares of the technology company’s stock worth $4,763,000 after purchasing an additional 433,197 shares during the last quarter. Whittier Trust Co. bought a new position in Asure Software in the third quarter worth $4,140,000. Swedbank AB boosted its stake in Asure Software by 7.1% during the third quarter. Swedbank AB now owns 750,000 shares of the technology company’s stock worth $6,788,000 after buying an additional 50,000 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in Asure Software by 7.9% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company’s stock valued at $6,334,000 after buying an additional 55,123 shares during the period. Finally, First Eagle Investment Management LLC raised its stake in shares of Asure Software by 34.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 378,901 shares of the technology company’s stock valued at $3,183,000 after buying an additional 97,404 shares in the last quarter. 71.58% of the stock is owned by institutional investors and hedge funds.

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.