Roth Capital reaffirmed their buy rating on shares of Asure Software (NASDAQ:ASUR) in a research note released on Friday, Zacks.com reports.
ASUR has been the subject of a number of other research reports. ValuEngine cut Asure Software from a hold rating to a sell rating in a research report on Saturday. Zacks Investment Research cut Asure Software from a buy rating to a hold rating in a research report on Wednesday, July 31st. Finally, Barrington Research reaffirmed a buy rating and set a $15.00 price target on shares of Asure Software in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Asure Software presently has a consensus rating of Buy and a consensus target price of $13.63.
ASUR traded down $2.20 on Friday, reaching $6.05. 1,677,090 shares of the stock were exchanged, compared to its average volume of 291,214. The firm’s 50-day moving average is $8.77. Asure Software has a fifty-two week low of $4.26 and a fifty-two week high of $16.09. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $93.17 million, a price-to-earnings ratio of 14.07, a PEG ratio of 1.04 and a beta of 1.13.
Several hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in Asure Software by 48.9% in the fourth quarter. Bank of New York Mellon Corp now owns 51,282 shares of the technology company’s stock worth $260,000 after acquiring an additional 16,846 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Asure Software by 5.1% in the fourth quarter. Geode Capital Management LLC now owns 132,250 shares of the technology company’s stock worth $671,000 after acquiring an additional 6,418 shares in the last quarter. Jane Street Group LLC bought a new stake in Asure Software in the fourth quarter worth $413,000. Deutsche Bank AG boosted its holdings in Asure Software by 111.2% in the fourth quarter. Deutsche Bank AG now owns 64,896 shares of the technology company’s stock worth $328,000 after acquiring an additional 34,163 shares in the last quarter. Finally, Perkins Capital Management Inc. boosted its holdings in Asure Software by 218.2% in the first quarter. Perkins Capital Management Inc. now owns 70,000 shares of the technology company’s stock worth $428,000 after acquiring an additional 48,000 shares in the last quarter. 52.46% of the stock is owned by institutional investors and hedge funds.
Asure Software Company Profile
Asure Software, Inc provides cloud-based human capital management and workspace management solutions worldwide. Its product line includes AsureSpace workspace management solutions that enable organizations to optimize their real estate investment, and create a digital workspace that empowers mobile and virtual employees; and AsureForce time and labor management solutions to help organizations optimize their workforce, as well as control labor administration costs and activities.
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