Shares of Asure Software Inc (NASDAQ:ASUR) have earned a consensus rating of “Buy” from the nine ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $11.80.
ASUR has been the subject of several recent analyst reports. Zacks Investment Research cut Asure Software from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Needham & Company LLC dropped their price target on shares of Asure Software from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Roth Capital reissued a “buy” rating on shares of Asure Software in a report on Friday, August 9th. Northland Securities reissued a “buy” rating and set a $9.00 price objective on shares of Asure Software in a report on Wednesday, October 9th. Finally, Lake Street Capital reduced their price objective on shares of Asure Software from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th.
Shares of Asure Software stock traded up $0.01 during trading on Friday, hitting $8.15. 8,137 shares of the stock were exchanged, compared to its average volume of 294,400. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.03 and a quick ratio of 0.99. The firm’s 50-day moving average price is $8.66 and its 200 day moving average price is $7.74. The stock has a market cap of $127.37 million, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 1.96 and a beta of 1.27. Asure Software has a 12-month low of $4.26 and a 12-month high of $10.25.
Asure Software (NASDAQ:ASUR) last posted its quarterly earnings results on Monday, November 11th. The technology company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.08. The company had revenue of $24.56 million for the quarter, compared to analysts’ expectations of $25.31 million. Asure Software had a positive return on equity of 6.25% and a negative net margin of 9.43%. As a group, research analysts forecast that Asure Software will post 0.25 earnings per share for the current year.
In other news, Director John Randall Waterfield sold 15,350 shares of Asure Software stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $8.64, for a total value of $132,624.00. Following the transaction, the director now directly owns 138,136 shares of the company’s stock, valued at approximately $1,193,495.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Red Oak Partners, Llc sold 87,000 shares of Asure Software stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $8.56, for a total transaction of $744,720.00. The disclosure for this sale can be found here. 20.60% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Paloma Partners Management Co acquired a new position in Asure Software in the second quarter valued at $556,000. S Squared Technology LLC increased its position in Asure Software by 21.2% in the 2nd quarter. S Squared Technology LLC now owns 94,108 shares of the technology company’s stock valued at $775,000 after acquiring an additional 16,461 shares during the period. Perritt Capital Management Inc. raised its stake in Asure Software by 9.4% during the 2nd quarter. Perritt Capital Management Inc. now owns 233,400 shares of the technology company’s stock valued at $1,921,000 after acquiring an additional 20,000 shares during the last quarter. Skylands Capital LLC lifted its position in Asure Software by 69.3% during the 2nd 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 during the period. Finally, Pacific Ridge Capital Partners LLC lifted its position in Asure Software by 9.3% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 870,454 shares of the technology company’s stock worth $7,164,000 after acquiring an additional 74,098 shares during the period. Hedge funds and other institutional investors own 41.80% of the company’s stock.
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.
Further Reading: Marijuana Stocks Future Looks Bright
Receive News & Ratings for Asure Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asure Software and related companies with MarketBeat.com's FREE daily email newsletter.