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

Needham & Company LLC reiterated their buy rating on shares of Asure Software (NASDAQ:ASUR) in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a $20.00 target price on the technology company’s stock.

A number of other analysts have also issued reports on ASUR. Stephens reiterated 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 reiterated an “outperform” rating and set a $17.00 price objective on shares of Asure Software in a research note on Tuesday, May 27th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $15.00.

Asure Software Stock Performance

NASDAQ:ASUR opened at $11.38 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.03 and a current ratio of 1.03. Asure Software has a 52-week low of $7.51 and a 52-week high of $12.74. The firm has a market cap of $309.08 million, a price-to-earnings ratio of -21.48, a PEG ratio of 1.12 and a beta of 0.40. The business’s fifty day moving average is $9.83 and its 200 day moving average is $10.22.

Asure Software (NASDAQ:ASUR) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.06). Asure Software had a negative net margin of 11.27% and a positive return on equity of 4.52%. Research analysts predict that Asure Software will post 0.37 EPS for the current year.

Insider Buying and Selling

In related news, Director Ben F. Allen sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $10.00, for a total transaction of $100,000.00. Following the completion of the transaction, the director directly owned 47,645 shares in the company, valued at $476,450. The trade was a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Asure Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC purchased a new position in Asure Software during the fourth quarter worth about $104,000. PNC Financial Services Group Inc. grew its position in Asure Software by 66.8% during 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 in the last quarter. Wells Fargo & Company MN grew its position in Asure Software by 29.7% during the fourth quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company’s stock worth $143,000 after buying an additional 3,480 shares in the last quarter. Deutsche Bank AG grew its position in Asure Software by 49.6% during the fourth quarter. Deutsche Bank AG now owns 18,625 shares of the technology company’s stock worth $175,000 after buying an additional 6,175 shares in the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in Asure Software during the fourth quarter worth about $239,000. 71.58% of the stock is currently owned by hedge funds and other 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.