Asure Software Inc (NASDAQ:ASUR - Get Free Report) has received a consensus rating of "Buy" from the six research firms that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $13.60.
A number of research firms have recently issued reports on ASUR. Needham & Company LLC cut their price objective on Asure Software from $20.00 to $15.00 and set a "buy" rating for the company in a report on Friday, August 1st. Barrington Research set a $15.00 price target on Asure Software and gave the company an "outperform" rating in a research report on Monday, August 4th.
Read Our Latest Research Report on ASUR
Asure Software Price Performance
Shares of ASUR stock remained flat at $8.40 during trading hours on Monday. The stock had a trading volume of 69,536 shares, compared to its average volume of 138,946. The firm has a 50 day moving average of $9.45 and a two-hundred day moving average of $9.73. The company has a market capitalization of $230.33 million, a P/E ratio of -14.48, a price-to-earnings-growth ratio of 1.01 and a beta of 0.41. Asure Software has a 52 week low of $7.51 and a 52 week high of $12.74. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.33.
Insider Buying and Selling at Asure Software
In other Asure Software news, Director William Carl Drew bought 25,000 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were purchased at an average cost of $8.30 per share, for a total transaction of $207,500.00. Following the transaction, the director owned 103,165 shares of the company's stock, valued at $856,269.50. This represents a 31.98% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick Goepel bought 5,250 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were acquired at an average cost of $8.16 per share, for a total transaction of $42,840.00. Following the purchase, the chief executive officer owned 1,307,622 shares of the company's stock, valued at approximately $10,670,195.52. The trade was a 0.40% increase in their position. The disclosure for this purchase can be found here. 8.70% of the stock is owned by corporate insiders.
Institutional Trading of Asure Software
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its position in shares of Asure Software by 446.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company's stock worth $65,000 after purchasing an additional 5,451 shares in the last quarter. Wasatch Advisors LP boosted its position in shares of Asure Software by 19.6% in the 2nd quarter. Wasatch Advisors LP now owns 770,025 shares of the technology company's stock worth $7,515,000 after purchasing an additional 126,450 shares in the last quarter. Kennedy Capital Management LLC boosted its position in shares of Asure Software by 8.7% in the 2nd quarter. Kennedy Capital Management LLC now owns 434,247 shares of the technology company's stock worth $4,238,000 after purchasing an additional 34,579 shares in the last quarter. Invesco Ltd. acquired a new stake in shares of Asure Software in the 2nd quarter worth $112,000. Finally, American Century Companies Inc. boosted its position in shares of Asure Software by 3.9% in the 2nd quarter. American Century Companies Inc. now owns 50,462 shares of the technology company's stock worth $493,000 after purchasing an additional 1,900 shares in the last quarter. Institutional investors own 71.58% of the company's stock.
Asure Software Company Profile
(
Get Free Report)
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.
Further Reading
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