Asure Software (NASDAQ:ASUR) Downgraded by ValuEngine

ValuEngine lowered shares of Asure Software (NASDAQ:ASUR) from a hold rating to a sell rating in a research note released on Thursday morning, ValuEngine reports.

ASUR has been the topic of a number of other reports. Zacks Investment Research lowered shares of G1 Therapeutics from a buy rating to a hold rating in a research note on Thursday, May 16th. Barrington Research set a $5.00 target price on shares of U.S. Auto Parts Network and gave the stock a buy rating in a research note on Friday, May 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $13.63.

Shares of NASDAQ:ASUR opened at $8.90 on Thursday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.05 and a quick ratio of 1.02. The stock has a market capitalization of $137.10 million, a price-to-earnings ratio of 17.45, a PEG ratio of 0.96 and a beta of 1.17. The stock’s 50-day simple moving average is $7.98. Asure Software has a 1 year low of $4.26 and a 1 year high of $16.64.



Asure Software (NASDAQ:ASUR) last released its earnings results on Thursday, May 9th. The technology company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.09. Asure Software had a negative net margin of 8.83% and a positive return on equity of 7.46%. The firm had revenue of $26.76 million for the quarter, compared to analyst estimates of $26.04 million. As a group, equities analysts forecast that Asure Software will post 0.39 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers acquired a new position in Asure Software in the fourth quarter valued at approximately $73,000. Algert Global LLC acquired a new position in Asure Software in the first quarter valued at approximately $127,000. First Interstate Bank boosted its holdings in Asure Software by 28.5% in the first quarter. First Interstate Bank now owns 23,900 shares of the technology company’s stock valued at $146,000 after purchasing an additional 5,300 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Asure Software by 48.9% in the fourth quarter. Bank of New York Mellon Corp now owns 51,282 shares of the technology company’s stock valued at $260,000 after purchasing an additional 16,846 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Asure Software by 111.2% in the fourth quarter. Deutsche Bank AG now owns 64,896 shares of the technology company’s stock valued at $328,000 after acquiring an additional 34,163 shares during the period. 49.27% of the stock is owned by hedge funds and other institutional investors.

About Asure Software

Asure Software, Inc provides cloud-based human capital management and workspace management solutions worldwide. Its product line includes AsureSpace workspace management solutions that enable organizations to optimize their real estate investment, and create a digital workspace that empowers mobile and virtual employees; and AsureForce time and labor management solutions to help organizations optimize their workforce, as well as control labor administration costs and activities.

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Analyst Recommendations for Asure Software (NASDAQ:ASUR)

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