Asure Software, Inc. (NASDAQ:ASUR) Receives Average Rating of "Buy" from Analysts

Asure Software, Inc. (NASDAQ:ASUR - Get Free Report) has been assigned a consensus recommendation of "Buy" from the six research firms that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $15.00.

A number of research firms recently issued reports on ASUR. Stephens reiterated an "overweight" rating and set a $13.00 price objective on shares of Asure Software in a research report on Friday, March 7th. Barrington Research reiterated an "outperform" rating and set a $17.00 price objective on shares of Asure Software in a research report on Monday, April 28th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $20.00 price objective on shares of Asure Software in a research report on Friday, May 2nd.

Insiders Place Their Bets

In other Asure Software news, Director Ben F. Allen sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $10.00, for a total transaction of $100,000.00. Following the sale, the director now directly owns 47,645 shares of the company's stock, valued at $476,450. The trade was a 17.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Grace G. Lee sold 7,500 shares of the business's stock in a transaction that occurred 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 sale, the director now directly owns 32,215 shares in the company, valued at $306,364.65. The trade was 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 Investors Weigh In On Asure Software

A number of institutional investors have recently modified their holdings of ASUR. Intech Investment Management LLC bought a new stake in shares of Asure Software in the 4th quarter valued at $104,000. PNC Financial Services Group Inc. lifted 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 valued at $120,000 after buying an additional 5,096 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Asure Software by 29.7% in the fourth quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company's stock valued at $143,000 after buying an additional 3,480 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Asure Software by 49.6% in the fourth quarter. Deutsche Bank AG now owns 18,625 shares of the technology company's stock valued at $175,000 after buying an additional 6,175 shares in the last quarter. Finally, Envestnet Asset Management Inc. bought a new position in shares of Asure Software in the fourth quarter valued at $239,000. 71.58% of the stock is owned by institutional investors.

Asure Software Price Performance

Shares of NASDAQ:ASUR opened at $9.93 on Friday. The firm has a 50 day moving average of $9.62 and a 200-day moving average of $10.09. The stock has a market capitalization of $269.64 million, a PE ratio of -21.13, a PEG ratio of 1.11 and a beta of 0.43. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. Asure Software has a 12 month low of $7.37 and a 12 month high of $12.74.

Asure Software (NASDAQ:ASUR - Get Free Report) last issued its earnings results on Thursday, May 1st. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate 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%. On average, equities research analysts predict that Asure Software will post 0.37 EPS for the current fiscal year.

Asure Software Company Profile

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.

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