Asure Software Inc (NASDAQ:ASUR) Receives $13.50 Consensus PT from Brokerages

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.

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

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.

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Analyst Recommendations for Asure Software (NASDAQ:ASUR)

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