Asure Software (NASDAQ:ASUR) has been given a $12.00 price objective by equities research analysts at Canaccord Genuity in a research note issued on Monday, TipRanks reports. The firm currently has a “buy” rating on the technology company’s stock. Canaccord Genuity’s price objective suggests a potential upside of 91.69% from the company’s current price.
A number of other analysts have also commented on ASUR. Barrington Research reaffirmed a “buy” rating and set a $15.00 target price on shares of Asure Software in a report on Friday, May 10th. Zacks Investment Research lowered shares of Asure Software from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Roth Capital reaffirmed a “buy” rating on shares of Asure Software in a report on Friday, August 9th. Finally, ValuEngine lowered shares of Asure Software from a “hold” rating to a “sell” rating in a report on Saturday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $13.50.
ASUR traded down $0.15 during trading on Monday, reaching $6.26. 370,268 shares of the company’s stock were exchanged, compared to its average volume of 274,392. The firm has a fifty day moving average of $8.64. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.05 and a quick ratio of 1.02. Asure Software has a fifty-two week low of $4.26 and a fifty-two week high of $15.33. The firm has a market cap of $96.40 million, a price-to-earnings ratio of 14.56, a PEG ratio of 0.79 and a beta of 1.13.
Several hedge funds have recently made changes to their positions in ASUR. Royce & Associates LP acquired a new position in shares of Asure Software in the 1st quarter valued at $2,344,000. Pacific Ridge Capital Partners LLC grew its holdings in shares of Asure Software by 48.3% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 796,356 shares of the technology company’s stock valued at $4,866,000 after buying an additional 259,531 shares during the period. Skylands Capital LLC grew its holdings in shares of Asure Software by 499.3% in the 1st quarter. Skylands Capital LLC now owns 223,604 shares of the technology company’s stock valued at $1,366,000 after buying an additional 186,295 shares during the period. PenderFund Capital Management Ltd. grew its holdings in shares of Asure Software by 20.6% in the 1st quarter. PenderFund Capital Management Ltd. now owns 585,651 shares of the technology company’s stock valued at $5,549,000 after buying an additional 100,000 shares during the period. Finally, S Squared Technology LLC acquired a new position in shares of Asure Software in the 1st quarter valued at $474,000. 52.78% of the stock is owned by 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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