Asure Software, Inc. (NASDAQ:ASUR) Receives Consensus Rating of "Buy" from Analysts

Shares of Asure Software, Inc. (NASDAQ:ASUR - Get Free Report) have received a consensus recommendation of "Buy" from the seven brokerages that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $14.17.

A number of research firms have issued reports on ASUR. Needham & Company LLC reiterated a "buy" rating and set a $20.00 price objective on shares of Asure Software in a research note on Friday, March 7th. Northland Securities boosted their price target 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 report on Tuesday, January 7th. Barrington Research reiterated an "outperform" rating and issued a $17.00 price target on shares of Asure Software in a report on Friday, March 7th. Finally, Stephens reaffirmed an "overweight" rating and issued a $13.00 price objective on shares of Asure Software in a report on Friday, March 7th.

Insider Buying and Selling

In related news, Director Grace G. Lee sold 7,500 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $9.51, for a total transaction of $71,325.00. Following the transaction, the director now directly owns 32,215 shares in the company, valued at approximately $306,364.65. The trade was a 18.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 8.90% of the stock is owned by insiders.

Institutional Trading of Asure Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in Asure Software by 350.8% during the 3rd quarter. FMR LLC now owns 6,681 shares of the technology company's stock worth $60,000 after buying an additional 5,199 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Asure Software during the fourth quarter worth $104,000. PNC Financial Services Group Inc. raised its stake in shares of Asure Software by 66.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company's stock valued at $120,000 after acquiring an additional 5,096 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Asure Software by 29.7% in the fourth quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company's stock valued at $143,000 after purchasing an additional 3,480 shares during the period. Finally, Deutsche Bank AG grew its stake in Asure Software by 49.6% during the 4th quarter. Deutsche Bank AG now owns 18,625 shares of the technology company's stock worth $175,000 after purchasing an additional 6,175 shares in the last quarter. Hedge funds and other institutional investors own 71.58% of the company's stock.

Asure Software Stock Down 1.2 %

Shares of ASUR traded down $0.12 during mid-day trading on Tuesday, hitting $9.61. 39,949 shares of the company traded hands, compared to its average volume of 111,917. The company has a market capitalization of $260.94 million, a PE ratio of -20.45, a price-to-earnings-growth ratio of 1.11 and a beta of 0.41. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average of $9.88 and a 200 day moving average of $10.01. Asure Software has a 1-year low of $6.89 and a 1-year high of $12.74.

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.