Asure Software’s (ASUR) “Buy” Rating Reiterated at Needham & Company LLC

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

A number of other brokerages also recently issued reports on ASUR. Northland Securities increased 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. Lake Street Capital upgraded shares of Asure Software from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Stephens reaffirmed an “overweight” rating and issued a $13.00 target price on shares of Asure Software in a research note on Friday, March 7th. Finally, Barrington Research reissued an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a report on Monday, April 28th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $14.17.

Asure Software Price Performance

Shares of NASDAQ:ASUR opened at $10.15 on Friday. Asure Software has a one year low of $7.05 and a one year high of $12.74. The stock has a market capitalization of $275.60 million, a price-to-earnings ratio of -21.60, a PEG ratio of 1.11 and a beta of 0.41. The company has a 50-day simple moving average of $9.70 and a 200-day simple moving average of $10.08. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07.

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

Insider Buying and Selling at Asure Software

In other Asure Software news, Director Grace G. Lee sold 7,500 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $9.51, for a total value of $71,325.00. Following the transaction, the director now owns 32,215 shares in the company, valued at $306,364.65. The trade was a 18.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 8.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ASUR. Intech Investment Management LLC acquired a new stake in shares of Asure Software during the fourth quarter worth approximately $104,000. PNC Financial Services Group Inc. grew its position in Asure Software by 66.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company’s stock worth $120,000 after purchasing an additional 5,096 shares during the last quarter. Wells Fargo & Company MN boosted its position in Asure Software by 29.7% during the 4th quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company’s stock worth $143,000 after acquiring an additional 3,480 shares during the period. Deutsche Bank AG grew its position in Asure Software by 49.6% in the 4th quarter. Deutsche Bank AG now owns 18,625 shares of the technology company’s stock valued at $175,000 after buying an additional 6,175 shares in the last quarter. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Asure Software during the 4th quarter worth about $239,000. Hedge funds and other institutional investors 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.