Asure Software, Inc. (NASDAQ:ASUR) Receives $13.33 Average PT from Brokerages

Asure Software, Inc. (NASDAQ:ASUR - Get Free Report) has been given an average rating of "Moderate Buy" by the six ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $13.33.

Several brokerages recently weighed in on ASUR. Barrington Research restated an "outperform" rating and set a $17.00 target price on shares of Asure Software in a research note on Monday. Stephens assumed coverage on shares of Asure Software in a report on Wednesday, October 16th. They set an "overweight" rating and a $13.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed 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 0.8 %

Shares of NASDAQ:ASUR traded down $0.08 on Monday, hitting $9.63. 89,275 shares of the company's stock were exchanged, compared to its average volume of 153,855. The business's 50 day simple moving average is $8.89 and its two-hundred day simple moving average is $8.37. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $254.81 million, a price-to-earnings ratio of -23.12, a price-to-earnings-growth ratio of 0.95 and a beta of 0.55. Asure Software has a 12 month low of $6.30 and a 12 month high of $10.52.

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

Insider Activity

In related news, CRO Eyal Goldstein sold 10,000 shares of the business's 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 completion of the transaction, the executive now directly owns 239,243 shares in the company, valued at $2,019,210.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CRO Eyal Goldstein sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the executive now owns 239,243 shares in the company, valued at $2,019,210.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Daniel M. Gill sold 5,000 shares of the company's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $8.69, for a total transaction of $43,450.00. Following the transaction, the director now owns 28,165 shares of the company's stock, valued at approximately $244,753.85. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.90% of the company's stock.

Institutional Trading of Asure Software

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in 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 buying an additional 71,495 shares in the last quarter. Swedbank AB boosted its position in shares of Asure Software by 16.7% during the 2nd quarter. Swedbank AB now owns 700,000 shares of the technology company's stock valued at $5,880,000 after acquiring an additional 100,000 shares during the last quarter. Boston Partners grew its holdings in shares of Asure Software by 43.3% in the first quarter. Boston Partners now owns 243,710 shares of the technology company's stock valued at $1,896,000 after purchasing an additional 73,633 shares during the period. Rice Hall James & Associates LLC acquired a new stake in Asure Software during the second quarter worth about $782,000. Finally, Pacific Ridge Capital Partners LLC raised its stake in Asure Software by 7.9% during the second quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company's stock worth $6,334,000 after purchasing an additional 55,123 shares during the period. 71.58% of the stock is currently 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.