Shares of Asure Software Inc (NASDAQ:ASUR - Get Free Report) have received a consensus recommendation of "Buy" from the six ratings firms that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $15.00.
A number of brokerages have recently issued reports on ASUR. Barrington Research restated an "outperform" rating and set a $17.00 target price on shares of Asure Software in a research report on Wednesday. Needham & Company LLC restated a "buy" rating and set a $20.00 target price on shares of Asure Software in a research report on Wednesday.
Check Out Our Latest Research Report on Asure Software
Insiders Place Their Bets
In related news, Director Ben F. Allen sold 10,000 shares of Asure Software stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $10.00, for a total value of $100,000.00. Following the transaction, the director directly owned 47,645 shares in the company, valued at $476,450. This trade represents a 17.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 8.70% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Asure Software
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Inspire Investing LLC acquired a new stake in Asure Software in the first quarter valued at $703,000. Jane Street Group LLC acquired a new stake in Asure Software in the first quarter valued at $240,000. American Century Companies Inc. lifted its holdings in Asure Software by 23.5% in the first quarter. American Century Companies Inc. now owns 48,562 shares of the technology company's stock valued at $464,000 after acquiring an additional 9,249 shares during the period. Nuveen LLC acquired a new stake in Asure Software in the first quarter valued at $709,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Asure Software by 4.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 67,467 shares of the technology company's stock valued at $644,000 after acquiring an additional 2,791 shares during the period. Institutional investors and hedge funds own 71.58% of the company's stock.
Asure Software Stock Up 5.3%
Shares of NASDAQ:ASUR opened at $11.38 on Friday. The firm has a 50 day simple moving average of $9.83 and a 200-day simple moving average of $10.22. Asure Software has a twelve month low of $7.51 and a twelve month high of $12.74. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $309.08 million, a PE ratio of -21.48, a P/E/G ratio of 1.12 and a beta of 0.40.
Asure Software (NASDAQ:ASUR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.06). Asure Software had a negative net margin of 11.27% and a positive return on equity of 4.52%. On average, equities analysts predict that Asure Software will post 0.37 EPS for the current fiscal year.
About Asure Software
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Get Free ReportAsure 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.
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