Barrington Research Reiterates Outperform Rating for Asure Software (NASDAQ:ASUR)

Asure Software (NASDAQ:ASUR)‘s stock had its “outperform” rating restated by equities research analysts at Barrington Research in a research report issued on Tuesday,Benzinga reports. They currently have a $15.00 target price on the technology company’s stock. Barrington Research’s target price suggests a potential upside of 77.73% from the stock’s current price.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Asure Software in a research report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.60.

Asure Software Stock Up 1.0%

ASUR opened at $8.44 on Tuesday. The company has a market capitalization of $234.29 million, a P/E ratio of -13.61, a P/E/G ratio of 1.66 and a beta of 0.40. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.08 and a quick ratio of 1.07. The firm’s fifty day moving average price is $8.22 and its two-hundred day moving average price is $8.82. Asure Software has a fifty-two week low of $7.63 and a fifty-two week high of $12.74.

Institutional Investors Weigh In On Asure Software

A number of hedge funds have recently made changes to their positions in ASUR. Inspire Investing LLC bought a new stake in Asure Software during the first quarter worth about $703,000. Nuveen LLC bought a new position in shares of Asure Software in the first quarter valued at approximately $709,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Asure Software by 4.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 67,467 shares of the technology company’s stock worth $644,000 after acquiring an additional 2,791 shares in the last quarter. Equitable Trust Co. boosted its holdings in shares of Asure Software by 8.8% in the 2nd quarter. Equitable Trust Co. now owns 109,395 shares of the technology company’s stock worth $1,068,000 after acquiring an additional 8,805 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Asure Software during the 2nd quarter worth approximately $123,000. Institutional investors and hedge funds own 71.58% of the company’s stock.

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.