Brokerages Set Asure Software Inc (NASDAQ:ASUR) Price Target at $15.00

Key Points

• Asure Software Inc (NASDAQ:ASUR) has been given a consensus rating of “Buy” by six analysts, with an average twelve-month price target of $15.00.
• Recent insider trading saw Director Ben F. Allen sell 10,000 shares at $10.00 per share, reducing his ownership by 17.35%.
• Institutional investors own 71.58% of Asure Software, with significant increases in holdings from firms like GAMMA Investing LLC and Deutsche Bank AG in the past quarters.

Asure Software Inc (NASDAQ:ASUR - Get Free Report) has been given a consensus rating of "Buy" by the six ratings firms that are covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a buy rating. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $14.00.

ASUR has been the subject of a number of research analyst reports. Barrington Research reiterated an "outperform" rating and issued a $17.00 price target on shares of Asure Software in a research note on Tuesday, July 22nd. Needham & Company LLC reduced their price objective on Asure Software from $20.00 to $15.00 and set a "buy" rating for the company in a research note on Friday.

Asure Software Stock Down 13.7%

ASUR stock traded down $1.33 during trading on Thursday, reaching $8.37. 462,040 shares of the company traded hands, compared to its average volume of 62,335. Asure Software has a 12 month low of $7.51 and a 12 month high of $12.74. The business has a 50 day simple moving average of $9.97 and a 200 day simple moving average of $10.23. The company has a market capitalization of $227.25 million, a price-to-earnings ratio of -14.43, a price-to-earnings-growth ratio of 0.82 and a beta of 0.41. 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 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 12.49% and a positive return on equity of 4.18%. On average, equities research analysts anticipate that Asure Software will post 0.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Ben F. Allen sold 10,000 shares of Asure Software stock in a transaction that occurred 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 transaction, the director directly owned 47,645 shares in the company, valued at approximately $476,450. This trade represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.70% of the company's stock.

Institutional Trading of Asure Software

Several institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its position in shares of Asure Software by 1,136.1% in the first quarter. GAMMA Investing LLC now owns 6,131 shares of the technology company's stock valued at $642,000 after buying an additional 5,635 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Asure Software in the second quarter worth approximately $123,000. Wells Fargo & Company MN boosted 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 worth $143,000 after acquiring an additional 3,480 shares during the last quarter. Deutsche Bank AG boosted 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 worth $175,000 after acquiring an additional 6,175 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Asure Software in the first quarter worth approximately $240,000. 71.58% of the stock is owned by institutional investors and hedge funds.

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.