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

Barrington Research reaffirmed their outperform rating on shares of Asure Software (NASDAQ:ASUR) in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has a $15.00 price objective on the technology company’s stock.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Asure Software in a research note on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.60.

Asure Software Stock Up 3.9%

ASUR stock opened at $8.77 on Tuesday. The company has a market cap of $243.46 million, a price-to-earnings ratio of -14.14, a P/E/G ratio of 1.67 and a beta of 0.40. Asure Software has a twelve month low of $7.63 and a twelve month high of $12.74. The business has a 50 day moving average price of $8.23 and a two-hundred day moving average price of $8.82. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 0.33.

Institutional Investors Weigh In On Asure Software

Hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its position in Asure Software by 107.8% during the third 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 period. Tower Research Capital LLC TRC lifted its stake in shares of Asure Software by 446.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company’s stock worth $65,000 after buying an additional 5,451 shares during the last quarter. Tripletail Wealth Management LLC acquired a new stake in shares of Asure Software during the 3rd quarter worth about $75,000. Invesco Ltd. acquired a new position in Asure Software in the 2nd quarter valued at about $112,000. Finally, R Squared Ltd acquired a new position in Asure Software in the 2nd quarter valued at about $123,000. Institutional investors and hedge funds 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.