Asure Software, Inc. (NASDAQ:ASUR) Receives $13.40 Average Target Price from Analysts

Asure Software, Inc. (NASDAQ:ASUR - Get Free Report) has been assigned an average rating of "Moderate Buy" from the five ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $13.40.

Several research analysts have issued reports on the stock. Barrington Research reiterated an "outperform" rating and set a $17.00 target price on shares of Asure Software in a report on Monday, April 29th. TD Cowen dropped their target price on shares of Asure Software from $12.00 to $10.00 and set a "buy" rating on the stock in a report on Monday. Finally, Needham & Company LLC reiterated a "buy" rating and set a $20.00 target price on shares of Asure Software in a report on Friday.

Institutional Trading of Asure Software

A number of institutional investors have recently modified their holdings of ASUR. Private Capital Management LLC boosted its holdings in shares of Asure Software by 11.6% in the 4th quarter. Private Capital Management LLC now owns 3,924,027 shares of the technology company's stock valued at $37,357,000 after buying an additional 408,000 shares in the last quarter. Cooper Creek Partners Management LLC acquired a new stake in Asure Software in the 3rd quarter worth approximately $3,713,000. First Eagle Investment Management LLC purchased a new position in Asure Software during the 4th quarter worth approximately $2,227,000. Boston Partners purchased a new position in Asure Software during the 4th quarter worth approximately $1,619,000. Finally, Pacific Ridge Capital Partners LLC raised its position in Asure Software by 30.7% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 629,889 shares of the technology company's stock worth $5,959,000 after buying an additional 148,107 shares during the last quarter. 71.58% of the stock is currently owned by institutional investors.

Asure Software Price Performance

ASUR stock traded up $0.26 during trading on Monday, hitting $7.30. 290,112 shares of the company's stock traded hands, compared to its average volume of 218,661. Asure Software has a 52 week low of $6.30 and a 52 week high of $15.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.09 and a current ratio of 1.09. The business has a fifty day simple moving average of $8.02 and a 200 day simple moving average of $8.41. The stock has a market capitalization of $188.07 million, a price-to-earnings ratio of -16.98, a P/E/G ratio of 0.70 and a beta of 0.71.

Asure Software (NASDAQ:ASUR - Get Free Report) last announced its earnings results on Monday, February 26th. The technology company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. Asure Software had a negative net margin of 8.38% and a positive return on equity of 3.86%. The business had revenue of $26.26 million for the quarter, compared to the consensus estimate of $26.45 million. As a group, research analysts expect that Asure Software will post 0.48 EPS for the current fiscal year.

Asure Software Company Profile

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.