Shares of Asure Software Inc (NASDAQ:ASUR - Get Free Report) have received an average recommendation of "Buy" from the six ratings firms that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have covered the stock in the last year is $13.60.
Several analysts recently issued reports on the stock. Barrington Research set a $15.00 price target on shares of Asure Software and gave the company an "outperform" rating in a report on Monday, August 4th. Needham & Company LLC dropped their target price on shares of Asure Software from $20.00 to $15.00 and set a "buy" rating on the stock in a report on Friday, August 1st.
Read Our Latest Report on ASUR
Insiders Place Their Bets
In other Asure Software news, CEO Patrick Goepel bought 5,250 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were bought at an average cost of $8.16 per share, with a total value of $42,840.00. Following the completion of the acquisition, the chief executive officer owned 1,307,622 shares of the company's stock, valued at approximately $10,670,195.52. This trade represents a 0.40% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William Carl Drew purchased 25,000 shares of the stock in a transaction dated Tuesday, August 5th. The shares were purchased at an average price of $8.30 per share, with a total value of $207,500.00. Following the transaction, the director directly owned 103,165 shares of the company's stock, valued at approximately $856,269.50. The trade was a 31.98% increase in their position. The disclosure for this purchase can be found here. 8.70% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Asure Software
Large investors have recently bought and sold shares of the stock. Advisor Resource Council acquired a new position in shares of Asure Software in the 1st quarter worth approximately $1,864,000. Wasatch Advisors LP boosted its holdings 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 buying an additional 126,450 shares during the period. Royce & Associates LP boosted its holdings 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 buying an additional 104,170 shares during the period. Nuveen LLC acquired a new position in shares of Asure Software in the first quarter worth about $709,000. Finally, Inspire Investing LLC acquired a new position in shares of Asure Software in the first quarter worth about $703,000. Institutional investors and hedge funds own 71.58% of the company's stock.
Asure Software Stock Up 3.3%
ASUR traded up $0.26 during trading on Friday, hitting $8.07. The company had a trading volume of 19,235 shares, compared to its average volume of 93,618. The company has a market cap of $221.14 million, a PE ratio of -13.91, a P/E/G ratio of 0.96 and a beta of 0.39. The business has a 50-day moving average of $8.76 and a 200-day moving average of $9.41. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.27 and a quick ratio of 1.27. Asure Software has a 1-year low of $7.51 and a 1-year high of $12.74.
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.
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