Asure Software’s (ASUR) Outperform Rating Reaffirmed at Barrington Research

Barrington Research reiterated their outperform rating on shares of Asure Software (NASDAQ:ASUR) in a research note published on Friday morning,Benzinga reports. The brokerage currently has a $15.00 price objective on the technology company’s stock.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Asure Software in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $14.33.

Asure Software Price Performance

NASDAQ:ASUR opened at $7.83 on Friday. 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 company has a 50 day moving average price of $9.06 and a 200-day moving average price of $8.51. Asure Software has a 1-year low of $6.97 and a 1-year high of $11.80. The firm has a market cap of $217.36 million, a price-to-earnings ratio of -12.63, a price-to-earnings-growth ratio of 1.02 and a beta of 0.43.

Institutional Trading of Asure Software

Several large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its holdings in Asure Software by 11.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 13,409 shares of the technology company’s stock valued at $131,000 after buying an additional 1,378 shares in the last quarter. Anchor Capital Advisors LLC raised its position in Asure Software by 1.5% in the fourth quarter. Anchor Capital Advisors LLC now owns 120,674 shares of the technology company’s stock valued at $1,137,000 after purchasing an additional 1,815 shares during the period. American Century Companies Inc. lifted its stake in shares of Asure Software by 3.9% in the 2nd quarter. American Century Companies Inc. now owns 50,462 shares of the technology company’s stock valued at $493,000 after purchasing an additional 1,900 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Asure Software by 13.8% during the 4th quarter. Deutsche Bank AG now owns 17,905 shares of the technology company’s stock worth $169,000 after purchasing an additional 2,176 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of Asure Software by 107.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,986 shares of the technology company’s stock worth $41,000 after purchasing an additional 2,586 shares during the last quarter. Hedge funds and other institutional investors own 71.58% of the company’s stock.

Asure Software Company Profile

Asure Software, Inc (NASDAQ: ASUR) is a Texas‐based technology company specializing in cloud‐based workforce and workspace management solutions. The company develops software that streamlines human capital management (HCM), payroll processing, time and attendance tracking, and workspace reservation for businesses seeking to optimize employee experience and operational efficiency.

The Asure platform includes modules for payroll administration, benefits enrollment, performance management, applicant tracking and onboarding, as well as mobile and web‐based timekeeping.