Asure Software (NASDAQ:ASUR) had its price target reduced by Needham & Company LLC from $12.00 to $11.00 in a research note released on Tuesday, Briefing.com Automated Import reports. They currently have a buy rating on the technology company’s stock.
A number of other analysts have also commented on ASUR. Canaccord Genuity set a $12.00 price objective on shares of Asure Software and gave the stock a buy rating in a research report on Monday, August 12th. Roth Capital reissued a buy rating on shares of Asure Software in a research report on Friday, August 9th. Zacks Investment Research lowered shares of Asure Software from a buy rating to a hold rating in a research report on Monday, October 28th. Barrington Research started coverage on shares of Asure Software in a research report on Wednesday, October 9th. They issued a buy rating and a $15.00 price objective on the stock. Finally, Northland Securities reissued a buy rating and issued a $9.00 price objective on shares of Asure Software in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $11.93.
Shares of NASDAQ:ASUR traded up $0.10 during trading on Tuesday, hitting $8.65. 131,600 shares of the company’s stock were exchanged, compared to its average volume of 187,805. The firm has a 50-day moving average price of $8.27 and a two-hundred day moving average price of $7.60. The company has a current ratio of 1.03, a quick ratio of 1.00 and a debt-to-equity ratio of 1.20. The firm has a market cap of $133.76 million, a P/E ratio of 20.12, a PEG ratio of 1.56 and a beta of 1.31. Asure Software has a 1-year low of $4.26 and a 1-year high of $10.25.
Asure Software (NASDAQ:ASUR) last announced its quarterly earnings data on Monday, November 11th. The technology company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.08. The business had revenue of $24.56 million for the quarter, compared to analyst estimates of $25.31 million. Asure Software had a negative net margin of 9.43% and a positive return on equity of 6.25%. As a group, research analysts predict that Asure Software will post 0.25 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of ASUR. Skylands Capital LLC raised its position in Asure Software by 69.3% during the second quarter. Skylands Capital LLC now owns 378,550 shares of the technology company’s stock worth $3,115,000 after acquiring an additional 154,946 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in shares of Asure Software by 9.3% in the second quarter. Pacific Ridge Capital Partners LLC now owns 870,454 shares of the technology company’s stock valued at $7,164,000 after purchasing an additional 74,098 shares during the last quarter. S Squared Technology LLC increased its holdings in shares of Asure Software by 21.2% in the second quarter. S Squared Technology LLC now owns 94,108 shares of the technology company’s stock valued at $775,000 after purchasing an additional 16,461 shares during the last quarter. Perritt Capital Management Inc. increased its holdings in shares of Asure Software by 9.4% in the second quarter. Perritt Capital Management Inc. now owns 233,400 shares of the technology company’s stock valued at $1,921,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new position in shares of Asure Software in the second quarter valued at $556,000. 42.33% of the stock is currently owned by hedge funds and other institutional investors.
Asure Software Company Profile
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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