Asure Software Inc (NASDAQ:ASUR) Given Consensus Recommendation of "Buy" by Brokerages

Shares of Asure Software Inc (NASDAQ:ASUR - Get Free Report) have received a consensus rating of "Buy" from the six research firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $15.00.

ASUR has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 target price on shares of Asure Software in a report on Wednesday, July 2nd. Barrington Research reaffirmed an "outperform" rating and set a $17.00 target price on shares of Asure Software in a report on Wednesday, July 2nd.

Asure Software Trading Down 1.4%

NASDAQ ASUR traded down $0.15 during trading hours on Friday, hitting $10.67. 55,236 shares of the company's stock were exchanged, compared to its average volume of 97,572. The business's 50 day moving average is $9.88 and its 200-day moving average is $10.25. Asure Software has a 12-month low of $7.51 and a 12-month high of $12.74. The firm has a market capitalization of $289.69 million, a P/E ratio of -20.13, a price-to-earnings-growth ratio of 1.06 and a beta of 0.40. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.03 and a current ratio of 1.03.

Asure Software (NASDAQ:ASUR - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.06). Asure Software had a positive return on equity of 4.52% and a negative net margin of 11.27%. As a group, analysts anticipate that Asure Software will post 0.37 EPS for the current fiscal year.

Insider Transactions at Asure Software

In related news, Director Ben F. Allen sold 10,000 shares of Asure Software stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $10.00, for a total transaction of $100,000.00. Following the completion of the sale, the director owned 47,645 shares of the company's stock, valued at approximately $476,450. This trade represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.70% of the company's stock.

Institutional Trading of Asure Software

Institutional investors and hedge funds have recently made changes to their positions in the stock. M&T Bank Corp increased its stake in Asure Software by 36.4% during the fourth quarter. M&T Bank Corp now owns 77,798 shares of the technology company's stock valued at $732,000 after acquiring an additional 20,758 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Asure Software by 66.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company's stock worth $120,000 after acquiring an additional 5,096 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Asure Software by 2.4% in the 4th quarter. First Eagle Investment Management LLC now owns 387,620 shares of the technology company's stock worth $3,648,000 after acquiring an additional 9,156 shares in the last quarter. Royce & Associates LP acquired a new position in shares of Asure Software in the 4th quarter worth approximately $1,623,000. Finally, Intech Investment Management LLC acquired a new position in shares of Asure Software in the 4th quarter worth approximately $104,000. Institutional investors and hedge funds own 71.58% of the company's stock.

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.