Asure Software (NASDAQ:ASUR - Get Free Report)'s stock had its "outperform" rating restated by stock analysts at Barrington Research in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $17.00 price objective on the technology company's stock. Barrington Research's target price suggests a potential upside of 49.33% from the stock's previous close.
Several other research firms also recently issued reports on ASUR. Needham & Company LLC reissued a "buy" rating and issued a $20.00 price target on shares of Asure Software in a research report on Wednesday. Stephens reaffirmed an "overweight" rating and issued a $13.00 price objective on shares of Asure Software in a research note on Friday, March 7th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Asure Software currently has a consensus rating of "Buy" and a consensus price target of $15.00.
Read Our Latest Report on ASUR
Asure Software Stock Up 5.3%
ASUR traded up $0.57 during midday trading on Wednesday, hitting $11.38. The company had a trading volume of 57,195 shares, compared to its average volume of 97,475. Asure Software has a 52 week low of $7.51 and a 52 week high of $12.74. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $309.08 million, a price-to-earnings ratio of -21.48, a PEG ratio of 1.06 and a beta of 0.40. The stock's 50 day moving average price is $9.80 and its 200 day moving average price is $10.20.
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 11.27% and a positive return on equity of 4.52%. On average, research analysts anticipate that Asure Software will post 0.37 earnings per share for the current fiscal year.
Insider Buying and Selling at Asure Software
In related news, Director Ben F. Allen sold 10,000 shares of the company's stock in a transaction 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 sale, the director owned 47,645 shares in the company, valued at approximately $476,450. This represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 8.70% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Asure Software
Several large investors have recently bought and sold shares of the stock. Intech Investment Management LLC bought a new stake in shares of Asure Software in the 4th quarter worth $104,000. PNC Financial Services Group Inc. boosted its holdings in Asure Software by 66.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company's stock worth $120,000 after purchasing an additional 5,096 shares during the last quarter. Wells Fargo & Company MN grew its position in Asure Software by 29.7% in the 4th quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company's stock worth $143,000 after purchasing an additional 3,480 shares in the last quarter. Deutsche Bank AG increased its stake in Asure Software by 49.6% in the 4th 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 during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new stake in Asure Software in the 4th quarter valued at about $239,000. 71.58% of the stock is currently owned by institutional investors.
Asure Software Company Profile
(
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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