ValuEngine Lowers Asure Software (NASDAQ:ASUR) to Sell

ValuEngine cut shares of Asure Software (NASDAQ:ASUR) from a hold rating to a sell rating in a report published on Saturday, ValuEngine reports.

Several other equities research analysts also recently issued reports on the stock. Barrington Research reaffirmed a buy rating and set a $15.00 price target on shares of Asure Software in a research note on Friday, May 10th. Zacks Investment Research downgraded shares of Asure Software from a buy rating to a hold rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $13.63.

Asure Software stock opened at $6.41 on Friday. Asure Software has a 12-month low of $4.26 and a 12-month high of $15.33. The stock has a market cap of $96.40 million, a P/E ratio of 14.91, a price-to-earnings-growth ratio of 0.79 and a beta of 1.13. 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 business’s fifty day moving average price is $8.64.



Asure Software (NASDAQ:ASUR) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.03. Asure Software had a negative net margin of 9.77% and a positive return on equity of 6.74%. The firm had revenue of $24.84 million for the quarter, compared to the consensus estimate of $24.64 million. As a group, sell-side analysts predict that Asure Software will post 0.41 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in shares of Asure Software by 48.9% in the 4th quarter. Bank of New York Mellon Corp now owns 51,282 shares of the technology company’s stock worth $260,000 after purchasing an additional 16,846 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Asure Software by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 132,250 shares of the technology company’s stock worth $671,000 after purchasing an additional 6,418 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Asure Software in the 4th quarter worth $413,000. Deutsche Bank AG boosted its position in shares of Asure Software by 111.2% in the 4th quarter. Deutsche Bank AG now owns 64,896 shares of the technology company’s stock worth $328,000 after purchasing an additional 34,163 shares in the last quarter. Finally, Perkins Capital Management Inc. boosted its position in shares of Asure Software by 218.2% in the 1st quarter. Perkins Capital Management Inc. now owns 70,000 shares of the technology company’s stock worth $428,000 after purchasing an additional 48,000 shares in the last quarter. 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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Analyst Recommendations for Asure Software (NASDAQ:ASUR)

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