Asure Software (NASDAQ:ASUR) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Asure Software (NASDAQ:ASUR) in a research report released on Friday morning,Benzinga reports. Needham & Company LLC currently has a $20.00 target price on the technology company’s stock.

Several other brokerages also recently commented on ASUR. Barrington Research reiterated an “outperform” rating and issued a $17.00 target price on shares of Asure Software in a report on Monday, April 28th. Stephens reissued an “overweight” rating and set a $13.00 target price on shares of Asure Software in a research report on Friday, March 7th. Northland Securities boosted their target price on Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. Finally, Lake Street Capital raised 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, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $14.17.

Asure Software Trading Up 3.4 %

ASUR opened at $10.15 on Friday. Asure Software has a fifty-two week low of $6.89 and a fifty-two week high of $12.74. The firm has a market capitalization of $275.60 million, a PE ratio of -21.60, a P/E/G ratio of 1.11 and a beta of 0.41. 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’s 50-day moving average is $9.70 and its 200 day moving average is $10.07.

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

Insider Activity

In other news, Director Grace G. Lee sold 7,500 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $9.51, for a total transaction of $71,325.00. Following the completion of the transaction, the director now owns 32,215 shares in the company, valued at approximately $306,364.65. This represents a 18.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Asure Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASUR. Barclays PLC boosted its position in Asure Software by 225.7% during the third quarter. Barclays PLC now owns 31,075 shares of the technology company’s stock worth $281,000 after purchasing an additional 21,533 shares during the period. Geode Capital Management LLC lifted its stake in shares of Asure Software by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company’s stock valued at $5,251,000 after buying an additional 24,649 shares in the last quarter. Tallon Kerry Patrick bought a new position in Asure Software in the 4th quarter worth approximately $1,372,000. Penbrook Management LLC grew its stake in 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 buying an additional 2,000 shares in the last quarter. Finally, Skylands Capital LLC raised its holdings in Asure Software by 28.8% during the 4th quarter. Skylands Capital LLC now owns 174,369 shares of the technology company’s stock valued at $1,641,000 after acquiring an additional 38,976 shares during the period. 71.58% of the stock is currently owned by 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.