Asure Software Inc (NASDAQ:ASUR) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts give Asure Software a “Moderate Buy” consensus, with two buy ratings, one strong-buy, one hold and one sell. The average 12-month price target is $13.00, compared with the stock’s reported opening price of $7.72.
• Asure shares have traded between $6.80 and $10.20 over the past year, with 50-day and 200-day moving averages of $8.45 and $8.53, respectively.
• Institutional ownership is substantial at 71.58%, with several hedge funds initiating positions during the second quarter. Separately, director Bjorn Reynolds sold 15,420 shares, reducing his holdings by 33.1%.

Asure Software Inc (NASDAQ:ASUR - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the five analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $13.00.

ASUR has been the topic of several analyst reports. Wall Street Zen raised shares of Asure Software from a "hold" rating to a "buy" rating in a report on Monday, September 7th. Weiss Ratings raised shares of Asure Software from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, July 2nd. Finally, Stephens started coverage on shares of Asure Software in a research report on Friday, September 4th. They set an "overweight" rating and a $11.00 target price on the stock.

Asure Software Stock Performance

Shares of NASDAQ ASUR opened at $7.72 on Tuesday. The firm has a market capitalization of $222.95 million, a price-to-earnings ratio of -26.62, a PEG ratio of 0.94 and a beta of 0.52. Asure Software has a one year low of $6.80 and a one year high of $10.20. The business has a fifty day simple moving average of $8.45 and a 200 day simple moving average of $8.53. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.31.

Insider Buying and Selling

In other Asure Software news, Director Bjorn Reynolds sold 15,420 shares of the firm's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $8.35, for a total transaction of $128,757.00. Following the completion of the transaction, the director owned 31,162 shares in the company, valued at $260,202.70. This trade represents a 33.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Asure Software

A number of hedge funds have recently modified their holdings of the stock. Jupiter Topco LLC acquired a new position in shares of Asure Software in the 2nd quarter worth approximately $14,537,000. BlackRock Inc. acquired a new stake in Asure Software during the 2nd quarter valued at $13,113,000. Rice Hall James & Associates LLC bought a new position in Asure Software in the 2nd quarter valued at $5,603,000. S Squared Technology LLC bought a new position in Asure Software in the 2nd quarter valued at $3,170,918. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new position in Asure Software in the 2nd quarter valued at $1,905,000. 71.58% of the stock is owned by institutional investors and hedge funds.

Asure Software Company Profile

Asure Software, Inc NASDAQ: ASUR provides cloud-based human capital management (HCM) software and services for small and midsize businesses. Its platform is designed to help employers manage payroll, payroll tax compliance, human resources, time and attendance, employee onboarding, benefits administration, and workforce-related processes.

The company offers integrated tools for payroll processing, employee self-service, recruiting and onboarding, performance management, time tracking, and workforce management.

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