Asure Software, Inc. (NASDAQ:ASUR) Receives $13.40 Consensus Target Price from Analysts

Shares of Asure Software, Inc. (NASDAQ:ASUR - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the five ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $13.40.

Several equities research analysts have recently weighed in on ASUR shares. Barrington Research reissued an "outperform" rating and issued a $17.00 target price on shares of Asure Software in a research note on Friday, July 26th. Needham & Company LLC reissued a "buy" rating and issued a $20.00 price objective on shares of Asure Software in a research report on Friday, August 2nd.

Asure Software Trading Down 0.6 %

Shares of NASDAQ:ASUR traded down $0.05 during trading on Thursday, reaching $8.55. The company's stock had a trading volume of 46,058 shares, compared to its average volume of 161,475. The firm's 50 day simple moving average is $8.87 and its two-hundred day simple moving average is $8.23. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. Asure Software has a 12 month low of $6.30 and a 12 month high of $10.52. The stock has a market capitalization of $220.70 million, a PE ratio of -19.88, a price-to-earnings-growth ratio of 0.90 and a beta of 0.55.

Asure Software (NASDAQ:ASUR - Get Free Report) last announced its earnings results on Thursday, August 1st. The technology company reported $0.04 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $28.04 million during the quarter, compared to analysts' expectations of $28.56 million. On average, research analysts predict that Asure Software will post 0.49 EPS for the current fiscal year.

Insider Transactions at Asure Software

In related news, Director Daniel M. Gill sold 5,000 shares of Asure Software stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $8.69, for a total transaction of $43,450.00. Following the completion of the sale, the director now owns 28,165 shares in the company, valued at approximately $244,753.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Daniel M. Gill sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $8.69, for a total value of $43,450.00. Following the transaction, the director now owns 28,165 shares of the company's stock, valued at $244,753.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CRO Eyal Goldstein sold 10,000 shares of Asure Software stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $8.44, for a total value of $84,400.00. Following the sale, the executive now directly owns 239,243 shares of the company's stock, valued at $2,019,210.92. The disclosure for this sale can be found here. Company insiders own 8.90% of the company's stock.

Institutional Trading of Asure Software

A number of hedge funds have recently added to or reduced their stakes in ASUR. Vanguard Group Inc. raised its holdings in shares of Asure Software by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 1,181,423 shares of the technology company's stock valued at $9,191,000 after purchasing an additional 71,495 shares in the last quarter. Swedbank AB raised its stake in Asure Software by 16.7% in the second quarter. Swedbank AB now owns 700,000 shares of the technology company's stock worth $5,880,000 after buying an additional 100,000 shares in the last quarter. Boston Partners lifted its holdings in Asure Software by 43.3% during the first quarter. Boston Partners now owns 243,710 shares of the technology company's stock worth $1,896,000 after buying an additional 73,633 shares during the period. Rice Hall James & Associates LLC bought a new stake in Asure Software during the 2nd quarter valued at $782,000. Finally, Pacific Ridge Capital Partners LLC increased its holdings in shares of Asure Software by 7.9% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company's stock valued at $6,334,000 after acquiring an additional 55,123 shares during the period. 71.58% of the stock is owned by hedge funds and other institutional investors.

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.