Asure Software, Inc. (NASDAQ:ASUR) Given Consensus Recommendation of "Buy" by Brokerages

Shares of Asure Software, Inc. (NASDAQ:ASUR - Get Free Report) have received an average rating of "Buy" from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $15.00.

Several research analysts recently issued reports on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $20.00 price target on shares of Asure Software in a research note on Friday, May 2nd. Barrington Research reissued an "outperform" rating and set a $17.00 price objective on shares of Asure Software in a research report on Tuesday, May 27th. Finally, Stephens reissued an "overweight" rating and set a $13.00 price objective on shares of Asure Software in a research report on Friday, March 7th.

Asure Software Stock Down 1.6%

Shares of Asure Software stock traded down $0.16 during trading on Wednesday, hitting $9.59. The company's stock had a trading volume of 100,212 shares, compared to its average volume of 99,146. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07. The company has a fifty day simple moving average of $9.65 and a two-hundred day simple moving average of $10.17. The company has a market capitalization of $260.41 million, a PE ratio of -20.40, a P/E/G ratio of 1.11 and a beta of 0.41. Asure Software has a 52 week low of $7.51 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.06). Asure Software had a positive return on equity of 3.75% and a negative net margin of 10.54%. Equities research analysts predict that Asure Software will post 0.37 earnings per share for the current year.

Insider Activity

In other news, Director Ben F. Allen sold 10,000 shares of the firm's stock in a transaction dated 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 owns 47,645 shares of the company's stock, valued at $476,450. This trade represents a 17.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Grace G. Lee sold 7,500 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were 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 approximately $306,364.65. The trade was a 18.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,331 shares of company stock valued at $179,228 in the last 90 days. 8.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Asure Software

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Needham Investment Management LLC boosted its holdings in shares of Asure Software by 0.5% in the fourth quarter. Needham Investment Management LLC now owns 2,495,000 shares of the technology company's stock worth $23,478,000 after buying an additional 12,500 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Asure Software by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 897,323 shares of the technology company's stock worth $8,444,000 after buying an additional 48,836 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Asure Software by 12.6% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 773,572 shares of the technology company's stock worth $7,279,000 after buying an additional 86,277 shares during the last quarter. ArrowMark Colorado Holdings LLC boosted its holdings in shares of Asure Software by 24.5% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 714,330 shares of the technology company's stock worth $6,722,000 after buying an additional 140,711 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in shares of Asure Software by 2.4% in the fourth quarter. First Eagle Investment Management LLC now owns 387,620 shares of the technology company's stock worth $3,648,000 after buying an additional 9,156 shares during the last quarter. Hedge funds and other institutional investors own 71.58% of the company's stock.

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.