Shares of Asure Software Inc (NASDAQ:ASUR) have received a consensus rating of “Buy” from the ten ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $13.20.
A number of research firms recently weighed in on ASUR. ValuEngine lowered shares of Asure Software from a “hold” rating to a “sell” rating in a research report on Saturday. Barrington Research reissued a “buy” rating and issued a $15.00 price objective on shares of Asure Software in a research report on Friday, May 10th. Roth Capital reissued a “buy” rating on shares of Asure Software in a research report on Friday. Finally, Zacks Investment Research lowered shares of Asure Software from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st.
Shares of NASDAQ ASUR traded down $2.20 during mid-day trading on Friday, hitting $6.05. 1,677,090 shares of the company’s stock traded hands, compared to its average volume of 291,214. The business has a 50-day moving average of $8.77. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.05 and a quick ratio of 1.02. The company has a market capitalization of $93.17 million, a P/E ratio of 14.07, a P/E/G ratio of 1.04 and a beta of 1.13. Asure Software has a 1 year low of $4.26 and a 1 year high of $16.09.
Institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its holdings in shares of 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 valued at $260,000 after acquiring an additional 16,846 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Asure Software by 5.1% in the fourth quarter. Geode Capital Management LLC now owns 132,250 shares of the technology company’s stock valued at $671,000 after acquiring an additional 6,418 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Asure Software in the fourth quarter valued at approximately $413,000. Deutsche Bank AG grew its holdings in shares of Asure Software by 111.2% in the fourth quarter. Deutsche Bank AG now owns 64,896 shares of the technology company’s stock valued at $328,000 after acquiring an additional 34,163 shares in the last quarter. Finally, Perkins Capital Management Inc. grew its holdings in shares of Asure Software by 218.2% in the first quarter. Perkins Capital Management Inc. now owns 70,000 shares of the technology company’s stock valued at $428,000 after acquiring an additional 48,000 shares in the last quarter. 52.46% of the stock is currently owned by institutional investors.
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.
Further Reading: Short Selling
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