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

Key Points

• Asure Software has a “Moderate Buy” consensus among five analysts, with two buys, one strong buy, one hold and one sell. The average 12-month price target is $13.00, versus a recent share price of $9.16.
• Analyst sentiment has been mixed: TD Cowen upgraded the stock to “strong buy,” while Zacks Research and Wall Street Zen downgraded it to “hold”; Stephens initiated coverage with an “overweight” rating and an $11 price target.
• Institutional investors own 71.58% of the company, while insiders hold 8.9%. Director Bjorn Reynolds recently sold 15,420 shares at an average price of $8.35, reducing his direct stake by 33.1%.

Shares of Asure Software Inc (NASDAQ:ASUR - Get Free Report) have been given an average rating of "Moderate Buy" by the five research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $13.00.

A number of research analysts have commented on the stock. Zacks Research downgraded shares of Asure Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 20th. Stephens started coverage on shares of Asure Software in a report on Friday. They issued an "overweight" rating and a $11.00 price target for the company. Weiss Ratings raised shares of Asure Software from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Thursday, July 2nd. TD Cowen upgraded shares of Asure Software to a "strong-buy" rating in a research note on Monday, May 18th. Finally, Wall Street Zen lowered shares of Asure Software from a "buy" rating to a "hold" rating in a report on Sunday, August 30th.

Insider Transactions at Asure Software

In other news, Director Bjorn Reynolds sold 15,420 shares of Asure Software stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $8.35, for a total value of $128,757.00. Following the transaction, the director directly owned 31,162 shares in the company, valued at approximately $260,202.70. This trade represents a 33.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 8.90% of the company's stock.

Institutional Investors Weigh In On Asure Software

A number of hedge funds have recently made changes to their positions in the stock. Needham Investment Management LLC grew its stake in Asure Software by 1.5% in the fourth quarter. Needham Investment Management LLC now owns 2,570,000 shares of the technology company's stock valued at $24,209,000 after purchasing an additional 37,500 shares during the last quarter. Jupiter Topco LLC bought a new position in Asure Software in the second quarter worth about $14,537,000. Janus Henderson Group PLC lifted its position in shares of Asure Software by 10.0% during the first quarter. Janus Henderson Group PLC now owns 1,769,578 shares of the technology company's stock valued at $15,218,000 after buying an additional 161,074 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Asure Software in the 2nd quarter valued at about $13,113,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Asure Software by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,401,318 shares of the technology company's stock valued at $11,491,000 after buying an additional 41,539 shares in the last quarter. 71.58% of the stock is currently owned by hedge funds and other institutional investors.

Asure Software Stock Up 0.1%

Shares of Asure Software stock traded up $0.01 during trading on Friday, hitting $9.16. 4,701 shares of the stock traded hands, compared to its average volume of 106,385. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.31. The stock's fifty day simple moving average is $8.36 and its 200 day simple moving average is $8.52. The firm has a market cap of $264.48 million, a P/E ratio of -31.58, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52. Asure Software has a 52-week low of $6.80 and a 52-week high of $10.20.

Asure Software Company Profile

Asure Software, Inc NASDAQ: ASUR is a Texas‐based technology company specializing in cloud‐based workforce and workspace management solutions. The company develops software that streamlines human capital management (HCM), payroll processing, time and attendance tracking, and workspace reservation for businesses seeking to optimize employee experience and operational efficiency.

The Asure platform includes modules for payroll administration, benefits enrollment, performance management, applicant tracking and onboarding, as well as mobile and web‐based timekeeping.

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