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

Asure Software, Inc. (NASDAQ:ASUR) has received a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $13.40.

ASUR has been the topic of a number of recent research reports. TD Cowen reduced their target price 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, May 6th. Barrington Research reissued an “outperform” rating and set a $17.00 target price on shares of Asure Software in a research report on Friday. Finally, Needham & Company LLC reissued a “buy” rating and set a $20.00 target price on shares of Asure Software in a research report on Thursday, May 16th.

Asure Software Price Performance

ASUR opened at $10.23 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.03. Asure Software has a 52-week low of $6.30 and a 52-week high of $15.54. The company has a 50 day moving average of $8.30 and a two-hundred day moving average of $8.36. The company has a market cap of $264.07 million, a P/E ratio of -23.79, a P/E/G ratio of 0.96 and a beta of 0.62.

Asure Software (NASDAQ:ASUR) last posted its earnings results on Thursday, May 2nd. The technology company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Asure Software had a positive return on equity of 3.86% and a negative net margin of 8.38%. The firm had revenue of $31.65 million for the quarter, compared to analyst estimates of $30.98 million. On average, analysts expect that Asure Software will post 0.5 earnings per share for the current year.

Institutional Trading of Asure Software

Several institutional investors have recently added to or reduced their stakes in ASUR. Naples Money Management LLC bought a new stake in Asure Software during the fourth quarter valued at $27,000. Tower Research Capital LLC TRC raised its stake in Asure Software by 134.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,664 shares of the technology company’s stock worth $82,000 after acquiring an additional 4,976 shares during the period. BNP Paribas Financial Markets lifted its holdings in Asure Software by 45.1% in the first quarter. BNP Paribas Financial Markets now owns 10,929 shares of the technology company’s stock worth $85,000 after acquiring an additional 3,398 shares during the last quarter. Advisor Resource Council acquired a new position in Asure Software in the fourth quarter valued at approximately $172,000. Finally, Insight Folios Inc grew its holdings in shares of Asure Software by 34.5% during the fourth quarter. Insight Folios Inc now owns 19,679 shares of the technology company’s stock valued at $187,000 after purchasing an additional 5,053 shares during the last quarter. 71.58% of the stock is owned by institutional investors and hedge funds.

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.