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

Shares of Asure Software, Inc. (NASDAQ:ASUR) have been assigned an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $13.21.

Several research firms have commented on ASUR. Stephens began coverage on shares of Asure Software in a research report on Wednesday, October 16th. They issued an “overweight” rating and a $13.00 target price for the company. Barrington Research reissued an “outperform” rating and issued a $17.00 target price on shares of Asure Software in a research report on Monday, October 28th. Northland Securities decreased their target price on shares of Asure Software from $16.00 to $12.50 and set an “outperform” rating for the company in a research report on Friday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price objective on shares of Asure Software in a report on Friday.

Insider Buying and Selling at Asure Software

In other Asure Software news, Director Daniel M. Gill sold 5,000 shares of the stock in a transaction 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 sale, the director now directly owns 28,165 shares of the company’s stock, valued at $244,753.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Asure Software news, CRO Eyal Goldstein sold 10,000 shares of the 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 sale, the executive now directly owns 239,243 shares of the company’s stock, valued at $2,019,210.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel M. Gill sold 5,000 shares of the stock in a transaction on 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 directly owns 28,165 shares of the company’s stock, valued at approximately $244,753.85. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.90% of the company’s stock.

Hedge Funds Weigh In On Asure Software

A number of hedge funds have recently made changes to their positions in ASUR. BNP Paribas Financial Markets raised its stake in shares of 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 buying an additional 3,398 shares in the last quarter. Capstone Investment Advisors LLC raised its stake in shares of Asure Software by 9.0% in the 1st quarter. Capstone Investment Advisors LLC now owns 21,800 shares of the technology company’s stock valued at $170,000 after buying an additional 1,800 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Asure Software by 21.2% in the 2nd quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock valued at $228,000 after buying an additional 4,756 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Asure Software by 11.4% in the 2nd 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 raised its stake in shares of Asure Software by 25.4% in the 2nd 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. Institutional investors and hedge funds own 71.58% of the company’s stock.

Asure Software Stock Performance

ASUR stock opened at $8.51 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $225.16 million, a price-to-earnings ratio of -18.11, a P/E/G ratio of 0.97 and a beta of 0.52. Asure Software has a 12 month low of $6.30 and a 12 month high of $10.52. The firm has a 50 day moving average of $8.98 and a two-hundred day moving average of $8.44.

Asure Software (NASDAQ:ASUR) last posted its earnings results on Thursday, August 1st. The technology company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.03). The business had revenue of $28.04 million during the quarter, compared to the consensus estimate of $28.56 million. Asure Software had a positive return on equity of 3.77% and a negative net margin of 10.54%. As a group, equities analysts anticipate that Asure Software will post 0.49 EPS 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.