Asure Software (NASDAQ:ASUR) Given Outperform Rating at Barrington Research

Asure Software (NASDAQ:ASUR)‘s stock had its “outperform” rating restated by Barrington Research in a report issued on Friday,Benzinga reports. They currently have a $17.00 price objective on the technology company’s stock. Barrington Research’s price target would indicate a potential upside of 75.44% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of Asure Software in a report on Friday. Stephens restated an “overweight” rating and issued a $13.00 target price on shares of Asure Software in a research note on Wednesday, January 15th. Northland Securities increased their price objective on shares of Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a report 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. Finally, Stifel Nicolaus upped their target price on shares of Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $14.17.

Asure Software Stock Performance

NASDAQ ASUR opened at $9.69 on Friday. Asure Software has a 1-year low of $6.89 and a 1-year high of $12.74. The company has a 50 day moving average of $11.25 and a 200-day moving average of $9.83. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The firm has a market cap of $257.31 million, a price-to-earnings ratio of -20.62, a PEG ratio of 1.11 and a beta of 0.60.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ASUR. Needham Investment Management LLC raised its stake in shares of Asure Software by 0.5% during the fourth quarter. Needham Investment Management LLC now owns 2,495,000 shares of the technology company’s stock worth $23,478,000 after buying an additional 12,500 shares during the last quarter. Deutsche Bank AG raised its position in shares of Asure Software by 49.6% during the 4th quarter. Deutsche Bank AG now owns 18,625 shares of the technology company’s stock valued at $175,000 after acquiring an additional 6,175 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Asure Software by 13.6% in the 4th quarter. Bank of America Corp DE now owns 27,505 shares of the technology company’s stock valued at $259,000 after purchasing an additional 3,287 shares during the period. ArrowMark Colorado Holdings LLC boosted its position in shares of Asure Software by 24.5% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 714,330 shares of the technology company’s stock worth $6,722,000 after purchasing an additional 140,711 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Asure Software by 33.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,899 shares of the technology company’s stock worth $301,000 after purchasing an additional 7,939 shares during the period. 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.