Asure Software, Inc. (NASDAQ:ASUR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Asure Software, Inc. (NASDAQ:ASUR) have received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $13.33.

Several equities research analysts recently weighed in on ASUR shares. Barrington Research reiterated an “outperform” rating and set a $17.00 price objective on shares of Asure Software in a research note on Tuesday, October 22nd. Stephens started coverage on Asure Software in a research report on Wednesday, October 16th. They set an “overweight” rating and a $13.00 price target on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $20.00 price objective on shares of Asure Software in a research report on Friday, August 2nd.

Insider Activity

In other Asure Software news, CRO Eyal Goldstein sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $8.44, for a total transaction of $84,400.00. Following the completion of the transaction, the executive now owns 239,243 shares in the company, valued at approximately $2,019,210.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Daniel M. Gill sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $8.69, for a total value of $43,450.00. Following the completion of the transaction, the director now directly owns 28,165 shares in the company, valued at $244,753.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Eyal Goldstein sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $8.44, for a total transaction of $84,400.00. Following the transaction, the executive now owns 239,243 shares in the company, valued at $2,019,210.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Asure Software

A number of institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its holdings in Asure Software by 45.1% in the 1st quarter. BNP Paribas Financial Markets now owns 10,929 shares of the technology company’s stock valued at $85,000 after acquiring an additional 3,398 shares during the last quarter. Capstone Investment Advisors LLC boosted its holdings in Asure Software by 9.0% during the first quarter. Capstone Investment Advisors LLC now owns 21,800 shares of the technology company’s stock worth $170,000 after buying an additional 1,800 shares in the last quarter. American Century Companies Inc. grew its position in Asure Software by 21.2% in the second quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock worth $228,000 after buying an additional 4,756 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Asure Software by 11.4% in the second quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock valued at $242,000 after buying an additional 2,948 shares in the last quarter. Finally, Perritt Capital Management Inc increased its holdings in shares of Asure Software by 25.4% in the second quarter. Perritt Capital Management Inc now owns 43,877 shares of the technology company’s stock valued at $369,000 after buying an additional 8,877 shares in the last quarter. 71.58% of the stock is currently owned by institutional investors and hedge funds.

Asure Software Stock Performance

Shares of ASUR stock opened at $9.71 on Monday. The stock has a market capitalization of $250.64 million, a price-to-earnings ratio of -22.58, a PEG ratio of 0.94 and a beta of 0.55. Asure Software has a one year low of $6.30 and a one year high of $10.52. The company’s 50-day simple moving average is $8.89 and its 200-day simple moving average is $8.37. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11.

Asure Software (NASDAQ:ASUR) last announced its quarterly earnings data on Thursday, August 1st. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03). Asure Software had a positive return on equity of 3.75% and a negative net margin of 9.07%. The firm had revenue of $28.04 million for the quarter, compared to the consensus estimate of $28.56 million. Equities analysts anticipate that Asure Software will post 0.49 earnings per share for the current fiscal year.

Asure Software Company Profile

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.