Asure Software Inc (NASDAQ:ASUR - Get Free Report) has been given an average recommendation of "Buy" by the six brokerages that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $13.60.
A number of equities research analysts have issued reports on the company. Barrington Research set a $15.00 target price on Asure Software and gave the stock an "outperform" rating in a research report on Monday, August 4th. Needham & Company LLC lowered their price target on Asure Software from $20.00 to $15.00 and set a "buy" rating on the stock in a report on Friday, August 1st.
Check Out Our Latest Research Report on Asure Software
Asure Software Stock Down 3.6%
Shares of NASDAQ ASUR traded down $0.29 during trading hours on Friday, hitting $7.81. The stock had a trading volume of 222,467 shares, compared to its average volume of 114,478. The company has a market capitalization of $214.15 million, a P/E ratio of -13.47, a P/E/G ratio of 0.96 and a beta of 0.39. The firm's 50-day moving average price is $8.76 and its two-hundred day moving average price is $9.41. Asure Software has a 52 week low of $7.51 and a 52 week high of $12.74. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.27 and a current ratio of 1.27.
Insider Activity at Asure Software
In related news, Director William Carl Drew purchased 25,000 shares of the stock in a transaction on Tuesday, August 5th. The shares were bought at an average price of $8.30 per share, for a total transaction of $207,500.00. Following the completion of the acquisition, the director directly owned 103,165 shares in the company, valued at approximately $856,269.50. This trade represents a 31.98% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick Goepel purchased 5,250 shares of the stock in a transaction on Wednesday, August 6th. The shares were bought at an average price of $8.16 per share, for a total transaction of $42,840.00. Following the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 8.70% of the company's stock.
Institutional Investors Weigh In On Asure Software
Several hedge funds and other institutional investors have recently modified their holdings of ASUR. Advisor Resource Council acquired a new stake in shares of Asure Software in the first quarter worth $1,864,000. Wasatch Advisors LP grew its stake in shares of Asure Software by 19.6% in the second quarter. Wasatch Advisors LP now owns 770,025 shares of the technology company's stock worth $7,515,000 after acquiring an additional 126,450 shares during the last quarter. Royce & Associates LP grew its stake in shares of Asure Software by 60.4% in the first quarter. Royce & Associates LP now owns 276,670 shares of the technology company's stock worth $2,642,000 after acquiring an additional 104,170 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Asure Software in the first quarter worth $709,000. Finally, Inspire Investing LLC acquired a new stake in shares of Asure Software in the first quarter worth $703,000. Institutional investors and hedge funds own 71.58% of the company's stock.
About Asure Software
(
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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