Shares of Asure Software Inc (NASDAQ:ASUR) have been assigned an average recommendation of “Buy” from the nine research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $9.83.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research cut Asure Software from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Needham & Company LLC decreased their price target on Asure Software from $11.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Barrington Research decreased their price target on Asure Software from $15.00 to $12.00 and set an “outperform” rating for the company in a research note on Monday, March 16th. Lake Street Capital decreased their price target on Asure Software from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Finally, ValuEngine raised Asure Software from a “sell” rating to a “hold” rating in a research note on Thursday, March 19th.
In other news, Director William Carl Drew purchased 10,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were acquired at an average price of $6.37 per share, for a total transaction of $63,700.00. Also, Director Red Oak Partners, Llc sold 18,555 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $7.47, for a total value of $138,605.85. The disclosure for this sale can be found here. 20.60% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in ASUR. Private Capital Management LLC bought a new position in Asure Software in the fourth quarter worth approximately $10,957,000. Credit Suisse AG bought a new position in Asure Software in the fourth quarter worth approximately $943,000. P.A.W. Capital Corp bought a new position in Asure Software in the first quarter worth approximately $671,000. Equitable Trust Co. bought a new position in Asure Software in the fourth quarter worth approximately $555,000. Finally, ArrowMark Colorado Holdings LLC boosted its holdings in Asure Software by 4.2% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,536,155 shares of the technology company’s stock worth $12,566,000 after acquiring an additional 62,413 shares in the last quarter. Institutional investors and hedge funds own 63.84% of the company’s stock.
ASUR traded up $0.21 on Tuesday, reaching $6.43. The stock had a trading volume of 138,102 shares, compared to its average volume of 152,596. Asure Software has a fifty-two week low of $4.30 and a fifty-two week high of $10.25. The firm has a 50-day moving average of $6.47 and a 200-day moving average of $7.16. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $101.21 million, a price-to-earnings ratio of 3.20, a price-to-earnings-growth ratio of 2.72 and a beta of 1.18.
Asure Software (NASDAQ:ASUR) last issued its earnings results on Thursday, May 7th. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. Asure Software had a return on equity of 2.28% and a net margin of 36.22%. The business had revenue of $18.95 million during the quarter, compared to analysts’ expectations of $18.72 million. Sell-side analysts anticipate that Asure Software will post 0.17 EPS for the current fiscal year.
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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