Shares of Asure Software, Inc. (NASDAQ:ASUR – Get Free Report) have been given an average rating of “Moderate Buy” by the five brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $13.40.
Several research analysts recently commented on ASUR shares. Needham & Company LLC reissued a “buy” rating and set a $20.00 price target on shares of Asure Software in a research report on Friday, August 2nd. Barrington Research reissued an “outperform” rating and issued a $17.00 price objective on shares of Asure Software in a report on Friday, July 26th.
Check Out Our Latest Research Report on Asure Software
Insider Buying and Selling at Asure Software
Institutional Trading of Asure Software
Several hedge funds have recently added to or reduced their stakes in the company. Private Capital Management LLC boosted its holdings in Asure Software by 11.6% in the 4th quarter. Private Capital Management LLC now owns 3,924,027 shares of the technology company’s stock valued at $37,357,000 after purchasing an additional 408,000 shares during the period. Janus Henderson Group PLC increased its stake in Asure Software by 150.3% during the 1st quarter. Janus Henderson Group PLC now owns 1,737,398 shares of the technology company’s stock worth $13,517,000 after acquiring an additional 1,043,385 shares during the period. Vanguard Group Inc. raised its holdings in Asure Software by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 1,181,423 shares of the technology company’s stock valued at $9,191,000 after acquiring an additional 71,495 shares in the last quarter. S Squared Technology LLC raised its stake in Asure Software by 13.0% in the fourth quarter. S Squared Technology LLC now owns 976,900 shares of the technology company’s stock valued at $9,300,000 after purchasing an additional 112,479 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC lifted its position in Asure Software by 7.9% during the second quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company’s stock worth $6,334,000 after purchasing an additional 55,123 shares during the period. 71.58% of the stock is owned by institutional investors and hedge funds.
Asure Software Stock Performance
Shares of ASUR stock opened at $8.66 on Thursday. Asure Software has a 12 month low of $6.30 and a 12 month high of $10.52. The company’s fifty day simple moving average is $8.78 and its 200-day simple moving average is $8.23. The firm has a market cap of $223.54 million, a PE ratio of -20.14, a P/E/G ratio of 0.84 and a beta of 0.55. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03.
Asure Software (NASDAQ:ASUR – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The business had revenue of $28.04 million for the quarter, compared to analyst estimates of $28.56 million. Asure Software had a positive return on equity of 3.75% and a negative net margin of 9.07%. Equities research analysts expect that Asure Software will post 0.49 EPS for the current fiscal year.
About Asure Software
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.
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