Asure Software (NASDAQ:ASUR) Earns “Buy” Rating from Needham & Company LLC

Asure Software (NASDAQ:ASUR)‘s stock had its “buy” rating reissued by equities researchers at Needham & Company LLC in a research note issued to investors on Friday, Benzinga reports. They presently have a $20.00 price objective on the technology company’s stock. Needham & Company LLC’s price objective suggests a potential upside of 101.61% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on ASUR. Stephens assumed coverage on Asure Software in a research note on Wednesday, October 16th. They issued an “overweight” rating and a $13.00 price objective for the company. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Asure Software in a research report on Monday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Asure Software presently has a consensus rating of “Moderate Buy” and an average target price of $13.33.

Asure Software Trading Up 2.8 %

NASDAQ ASUR opened at $9.92 on Friday. Asure Software has a 12 month low of $6.30 and a 12 month high of $10.52. The stock has a market capitalization of $262.48 million, a P/E ratio of -23.62, a PEG ratio of 0.94 and a beta of 0.55. The firm’s 50-day moving average is $8.99 and its two-hundred day moving average is $8.42. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11.

Asure Software (NASDAQ:ASUR) last posted its quarterly earnings data 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). The company had revenue of $28.04 million for the quarter, compared to analysts’ expectations of $28.56 million. Asure Software had a positive return on equity of 3.75% and a negative net margin of 9.07%. On average, sell-side analysts anticipate that Asure Software will post 0.49 earnings per share for the current year.

Insider Buying and Selling

In other Asure Software news, Director Daniel M. Gill sold 5,000 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $8.69, for a total value of $43,450.00. Following the sale, the director now owns 28,165 shares of the company’s stock, valued at $244,753.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Daniel M. Gill sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $8.69, for a total transaction of $43,450.00. Following the sale, the director now directly owns 28,165 shares in the company, valued at approximately $244,753.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Eyal Goldstein sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $8.44, for a total transaction of $84,400.00. Following the completion of the sale, the executive now directly owns 239,243 shares in the company, 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 currently owned by insiders.

Hedge Funds Weigh In On Asure Software

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

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.