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

Barrington Research reiterated their outperform rating on shares of Asure Software (NASDAQ:ASUR) in a research note released on Friday,Benzinga reports. Barrington Research currently has a $17.00 price objective on the technology company’s stock.

Other equities analysts have also recently issued research reports about the company. Stephens restated an “overweight” rating and set a $13.00 price target on shares of Asure Software in a report on Wednesday, January 15th. Stifel Nicolaus raised their price target on Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Northland Securities raised their price target on Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of Asure Software in a report on Friday. Finally, Lake Street Capital upgraded Asure Software from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Asure Software currently has an average rating of “Buy” and an average price target of $14.17.

Asure Software Stock Performance

NASDAQ ASUR opened at $10.94 on Friday. The stock has a market capitalization of $290.50 million, a PE ratio of -23.28, a P/E/G ratio of 1.11 and a beta of 0.60. The business has a 50 day simple moving average of $11.29 and a two-hundred day simple moving average of $9.87. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. Asure Software has a 1-year low of $6.89 and a 1-year high of $12.74.

Hedge Funds Weigh In On Asure Software

A number of institutional investors and hedge funds have recently modified their holdings of ASUR. FMR LLC boosted its holdings in shares of Asure Software by 350.8% in the 3rd quarter. FMR LLC now owns 6,681 shares of the technology company’s stock worth $60,000 after purchasing an additional 5,199 shares during the period. Huntington National Bank bought a new stake in shares of Asure Software during the 3rd quarter worth approximately $64,000. Intech Investment Management LLC bought a new stake in shares of Asure Software during the 4th quarter worth approximately $104,000. PNC Financial Services Group Inc. lifted its stake in shares of Asure Software by 66.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company’s stock worth $120,000 after acquiring an additional 5,096 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of 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 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.