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

Shares of Asure Software, Inc. (NASDAQ:ASUR) have been assigned an average recommendation of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $13.40.

ASUR has been the topic of several research analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $17.00 price target on shares of Asure Software in a research report on Monday, April 29th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price target on shares of Asure Software in a research report on Friday. Finally, TD Cowen lowered their price objective on shares of Asure Software from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday.

Asure Software Price Performance

Shares of ASUR traded up $0.17 during mid-day trading on Monday, hitting $7.21. 187,100 shares of the company were exchanged, compared to its average volume of 217,439. Asure Software has a 1-year low of $6.30 and a 1-year high of $15.88. The stock has a market cap of $185.75 million, a price-to-earnings ratio of -16.77, a price-to-earnings-growth ratio of 0.70 and a beta of 0.71. The company has a 50 day moving average of $8.02 and a 200-day moving average of $8.41. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.09 and a current ratio of 1.09.

Asure Software (NASDAQ:ASUR) last issued its quarterly earnings data on Monday, February 26th. The technology company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $26.26 million during the quarter, compared to analysts’ expectations of $26.45 million. Asure Software had a positive return on equity of 3.86% and a negative net margin of 8.38%. Analysts expect that Asure Software will post 0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Asure Software

Several hedge funds and other institutional investors have recently bought and sold shares of ASUR. Advisor Resource Council bought a new position in Asure Software in the 4th quarter worth about $172,000. Commonwealth Equity Services LLC acquired a new stake in Asure Software in the 3rd quarter valued at approximately $95,000. Tucker Asset Management LLC raised its stake in Asure Software by 166.1% during the 3rd quarter. Tucker Asset Management LLC now owns 12,000 shares of the technology company’s stock valued at $114,000 after acquiring an additional 7,490 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Asure Software by 6.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 179,319 shares of the technology company’s stock worth $1,696,000 after acquiring an additional 11,536 shares during the period. Finally, Barclays PLC increased its holdings in shares of Asure Software by 52.7% during the third quarter. Barclays PLC now owns 5,850 shares of the technology company’s stock valued at $55,000 after purchasing an additional 2,020 shares during the period. 71.58% of the stock is currently owned by hedge funds and other institutional investors.

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.