Asure Software, Inc. (NASDAQ:ASUR) Receives Average Recommendation of “Buy” from Brokerages

Asure Software, Inc. (NASDAQ:ASUR) has received a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have issued a report on the stock in the last year is $14.17.

Several analysts have commented on the company. Northland Securities increased their target price on Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Lake Street Capital raised Asure Software from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Needham & Company LLC restated a “buy” rating and set a $20.00 target price on shares of Asure Software in a research note on Friday, March 7th. Barrington Research reiterated an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a research note on Friday, March 7th. Finally, Stephens restated an “overweight” rating and set a $13.00 price objective on shares of Asure Software in a research report on Friday, March 7th.

Insider Buying and Selling

In other news, Director Grace G. Lee sold 7,500 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $9.51, for a total value of $71,325.00. Following the transaction, the director now owns 32,215 shares of the company’s stock, valued at $306,364.65. This trade represents a 18.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Asure Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Asure Software by 350.8% in the third quarter. FMR LLC now owns 6,681 shares of the technology company’s stock worth $60,000 after purchasing an additional 5,199 shares in the last quarter. State Street Corp increased its stake in Asure Software by 0.5% in the 3rd quarter. State Street Corp now owns 429,298 shares of the technology company’s stock worth $3,885,000 after buying an additional 1,961 shares in the last quarter. Barclays PLC raised its holdings in Asure Software by 225.7% during the third quarter. Barclays PLC now owns 31,075 shares of the technology company’s stock valued at $281,000 after acquiring an additional 21,533 shares during the period. Geode Capital Management LLC raised its holdings in Asure Software by 4.4% during the third quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company’s stock valued at $5,251,000 after acquiring an additional 24,649 shares during the period. Finally, Tallon Kerry Patrick bought a new position in shares of Asure Software in the fourth quarter worth about $1,372,000. Institutional investors own 71.58% of the company’s stock.

Asure Software Stock Down 5.9 %

Shares of Asure Software stock opened at $9.11 on Tuesday. The company has a 50-day simple moving average of $10.02 and a two-hundred day simple moving average of $10.02. Asure Software has a 52-week low of $6.89 and a 52-week high of $12.74. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $245.78 million, a PE ratio of -19.38, a price-to-earnings-growth ratio of 1.11 and a beta of 0.41.

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.