Asure Software, Inc. (NASDAQ:ASUR – Get Free Report) has received an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $15.20.
ASUR has been the topic of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of Asure Software in a research note on Friday, January 19th. Barrington Research reiterated an “outperform” rating and issued a $17.00 price objective on shares of Asure Software in a research note on Tuesday, February 27th.
Read Our Latest Stock Analysis on Asure Software
Asure Software Trading Down 1.7 %
Shares of Asure Software stock opened at $7.41 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.02. Asure Software has a 12-month low of $6.30 and a 12-month high of $17.14. The firm has a market capitalization of $189.18 million, a price-to-earnings ratio of -18.52, a PEG ratio of 0.78 and a beta of 0.72. The firm’s 50 day simple moving average is $9.05 and its two-hundred day simple moving average is $8.67.
Asure Software (NASDAQ:ASUR – Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Asure Software had a negative net margin of 7.74% and a positive return on equity of 4.30%. The business had revenue of $26.26 million for the quarter, compared to analyst estimates of $26.45 million. Analysts predict that Asure Software will post 0.48 EPS for the current year.
Institutional Trading of Asure Software
A number of hedge funds have recently added to or reduced their stakes in the company. Private Capital Management LLC lifted its holdings in Asure Software by 10.7% during the third quarter. Private Capital Management LLC now owns 3,516,027 shares of the technology company’s stock valued at $33,262,000 after purchasing an additional 340,177 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in Asure Software by 14.4% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,778,292 shares of the technology company’s stock valued at $16,609,000 after purchasing an additional 223,525 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Asure Software by 48.0% during the first quarter. Vanguard Group Inc. now owns 1,762,073 shares of the technology company’s stock valued at $10,484,000 after purchasing an additional 571,201 shares in the last quarter. S Squared Technology LLC lifted its holdings in Asure Software by 13.0% during the fourth quarter. S Squared Technology LLC now owns 976,900 shares of the technology company’s stock valued at $9,300,000 after purchasing an additional 112,479 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of Asure Software by 242.0% in the second quarter. BlackRock Inc. now owns 949,414 shares of the technology company’s stock valued at $11,545,000 after buying an additional 671,830 shares during the last quarter. 71.58% of the stock is owned by hedge funds and other institutional investors.
About Asure Software
(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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