Asure Software (NASDAQ:ASUR) Receives “Buy” Rating from Roth Capital

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.

Asure Software (NASDAQ:ASUR) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.03. Asure Software had a positive return on equity of 7.46% and a negative net margin of 8.83%. The company had revenue of $24.84 million during the quarter, compared to analysts’ expectations of $24.64 million. As a group, equities analysts anticipate that Asure Software will post 0.41 earnings per share for the current year.

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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Analyst Recommendations for Asure Software (NASDAQ:ASUR)

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