Asure Software’s (ASUR) “Outperform” Rating Reiterated at Barrington Research

Asure Software (NASDAQ:ASUR)‘s stock had its “outperform” rating reissued by equities researchers at Barrington Research in a report issued on Friday,Benzinga reports. They presently have a $15.00 price target on the technology company’s stock. Barrington Research’s target price points to a potential upside of 96.59% from the company’s previous close.

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

Asure Software Price Performance

NASDAQ ASUR opened at $7.63 on Friday. Asure Software has a 12 month low of $6.97 and a 12 month high of $11.80. The firm has a market capitalization of $211.81 million, a PE ratio of -12.31, a P/E/G ratio of 1.01 and a beta of 0.43. The company’s 50 day simple moving average is $9.08 and its 200 day simple moving average is $8.51. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.08 and a quick ratio of 1.07.

Hedge Funds Weigh In On Asure Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASUR. Needham Investment Management LLC raised its position in Asure Software by 1.5% during the fourth quarter. Needham Investment Management LLC now owns 2,570,000 shares of the technology company’s stock valued at $24,209,000 after buying an additional 37,500 shares during the period. Vanguard Group Inc. lifted its position in Asure Software by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,401,318 shares of the technology company’s stock worth $11,491,000 after buying an additional 41,539 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Asure Software by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 925,362 shares of the technology company’s stock valued at $7,588,000 after purchasing an additional 5,855 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in shares of Asure Software by 7.7% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 866,474 shares of the technology company’s stock valued at $7,105,000 after buying an additional 62,231 shares during the last quarter. Finally, Wasatch Advisors LP grew its stake in shares of Asure Software by 19.6% in the 2nd quarter. Wasatch Advisors LP now owns 770,025 shares of the technology company’s stock valued at $7,515,000 after buying an additional 126,450 shares in the last quarter. Institutional investors and hedge funds 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.