Asure Software Inc (NASDAQ:ASUR) Stock Has Average Target Price of $13.00

Asure Software Inc (NASDAQ:ASUR) has been given an average recommendation of “Moderate Buy” by the five research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $13.00.

Several research firms recently weighed in on ASUR. Wall Street Zen raised shares of Asure Software from a “hold” rating to a “buy” rating in a research note on Monday, September 7th. Stephens assumed coverage on shares of Asure Software in a research report on Friday, September 4th. They set an “overweight” rating and a $11.00 price target on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Asure Software in a research report on Tuesday, September 29th.

Asure Software Stock Up 0.1%

Shares of Asure Software stock traded up $0.01 on Friday, reaching $7.36. 139,240 shares of the company were exchanged, compared to its average volume of 95,718. The company has a market capitalization of $212.56 million, a price-to-earnings ratio of -25.38, a PEG ratio of 0.88 and a beta of 0.55. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.31. Asure Software has a one year low of $6.80 and a one year high of $10.20. The company has a 50-day moving average of $8.11 and a 200 day moving average of $8.39.

Insider Activity

In other news, Director Bjorn Reynolds sold 15,420 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $8.35, for a total value of $128,757.00. Following the sale, the director directly owned 31,162 shares of the company’s stock, valued at approximately $260,202.70. This represents a 33.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.90% of the company’s stock.

Hedge Funds Weigh In On Asure Software

A number of hedge funds and other institutional investors have recently bought and sold shares of ASUR. Jupiter Topco LLC acquired a new position in Asure Software during the second quarter worth approximately $14,537,000. BlackRock Inc. acquired a new stake in shares of Asure Software in the second quarter valued at approximately $13,113,000. Rice Hall James & Associates LLC acquired a new stake in shares of Asure Software in the second quarter valued at approximately $5,603,000. S Squared Technology LLC acquired a new stake in shares of Asure Software in the second quarter valued at approximately $3,170,918. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Asure Software during the 2nd quarter worth approximately $1,905,000. Institutional investors own 71.58% of the company’s stock.

About Asure Software

Asure Software, Inc (NASDAQ: ASUR) provides cloud-based human capital management (HCM) software and services for small and midsized businesses. Its platform is designed to help employers manage core workforce and administrative processes through a unified suite of online tools.

Asure’s products and services include payroll processing and tax services, time and attendance tracking, human resources management, benefits administration, employee onboarding, talent management, and employee self-service.