Shares of Asure Software, Inc. (NASDAQ:ASUR - Get Free Report) have earned an average recommendation of "Buy" from the six analysts that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have covered the stock in the last year is $15.00.
A number of research firms have recently commented on ASUR. Stephens restated an "overweight" rating and set a $13.00 price target on shares of Asure Software in a research report on Friday, March 7th. Needham & Company LLC reissued a "buy" rating and set a $20.00 price objective on shares of Asure Software in a research note on Friday, May 2nd. Finally, Barrington Research restated an "outperform" rating and issued a $17.00 target price on shares of Asure Software in a research note on Monday, April 28th.
Check Out Our Latest Stock Report on ASUR
Asure Software Stock Performance
Shares of NASDAQ ASUR traded up $0.15 during mid-day trading on Friday, reaching $9.67. 3,904 shares of the company's stock were exchanged, compared to its average volume of 101,440. The firm has a 50-day moving average price of $9.64 and a two-hundred day moving average price of $10.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $262.58 million, a price-to-earnings ratio of -20.57, a price-to-earnings-growth ratio of 1.11 and a beta of 0.43. Asure Software has a 52 week low of $7.37 and a 52 week high of $12.74.
Asure Software (NASDAQ:ASUR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.06). Asure Software had a negative net margin of 10.54% and a positive return on equity of 3.75%. Analysts predict that Asure Software will post 0.37 EPS for the current year.
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 now owns 47,645 shares in the company, valued at $476,450. This trade represents a 17.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Grace G. Lee sold 7,500 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $9.51, for a total transaction of $71,325.00. Following the completion of the sale, the director now directly owns 32,215 shares of the company's stock, valued at $306,364.65. This represents a 18.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.90% of the company's stock.
Institutional Trading of Asure Software
A number of institutional investors have recently made changes to their positions in ASUR. Intech Investment Management LLC purchased a new position in shares of Asure Software in the fourth quarter worth $104,000. PNC Financial Services Group Inc. grew its stake in shares of Asure Software by 66.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company's stock worth $120,000 after purchasing an additional 5,096 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Asure Software by 29.7% during the 4th quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company's stock valued at $143,000 after purchasing an additional 3,480 shares during the period. Deutsche Bank AG raised its position in Asure Software by 49.6% during the 4th quarter. Deutsche Bank AG now owns 18,625 shares of the technology company's stock valued at $175,000 after purchasing an additional 6,175 shares during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new stake in Asure Software in the 4th quarter worth approximately $239,000. Hedge funds and other institutional investors own 71.58% of the company's stock.
Asure Software Company Profile
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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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