Asure Software (NASDAQ:ASUR) has received a consensus rating of “Buy” from the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $18.71.
Several research analysts have recently weighed in on ASUR shares. ValuEngine downgraded Asure Software from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Barrington Research set a $20.00 price target on Asure Software and gave the stock a “buy” rating in a research note on Sunday, March 18th. Zacks Investment Research upgraded Asure Software from a “sell” rating to a “hold” rating in a research note on Friday, April 6th. Dougherty & Co reiterated a “buy” rating and set a $18.00 price target (up previously from $17.00) on shares of Asure Software in a research note on Wednesday, January 3rd. Finally, Canaccord Genuity reiterated a “buy” rating and set a $20.00 price target on shares of Asure Software in a research note on Tuesday, January 2nd.
NASDAQ:ASUR traded down $0.08 during trading on Friday, reaching $15.10. The company’s stock had a trading volume of 220,666 shares, compared to its average volume of 167,884. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market capitalization of $190.02, a PE ratio of 47.19, a price-to-earnings-growth ratio of 0.76 and a beta of 1.23. Asure Software has a 12 month low of $9.89 and a 12 month high of $17.53.
Asure Software (NASDAQ:ASUR) last posted its quarterly earnings results on Thursday, March 15th. The technology company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). The firm had revenue of $15.30 million for the quarter, compared to the consensus estimate of $15.81 million. Asure Software had a positive return on equity of 7.87% and a negative net margin of 10.51%. sell-side analysts anticipate that Asure Software will post 0.72 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of ASUR. Northern Trust Corp lifted its holdings in Asure Software by 37.8% during the 2nd quarter. Northern Trust Corp now owns 24,419 shares of the technology company’s stock worth $357,000 after purchasing an additional 6,692 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Asure Software by 93.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 231,715 shares of the technology company’s stock worth $2,878,000 after purchasing an additional 111,819 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in Asure Software by 45.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 86,285 shares of the technology company’s stock worth $1,072,000 after purchasing an additional 27,015 shares in the last quarter. Skylands Capital LLC lifted its holdings in Asure Software by 43.0% during the 4th quarter. Skylands Capital LLC now owns 273,650 shares of the technology company’s stock worth $3,864,000 after purchasing an additional 82,227 shares in the last quarter. Finally, Perritt Capital Management Inc. lifted its holdings in Asure Software by 21.0% during the 4th quarter. Perritt Capital Management Inc. now owns 123,200 shares of the technology company’s stock worth $1,740,000 after purchasing an additional 21,400 shares in the last quarter. 52.02% of the stock is currently owned by institutional investors and hedge funds.
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About Asure Software
Asure Software Inc provides cloud-based software-as-a-service time and labor management, and workspace management solutions worldwide. The company's product line includes AsureSpace workplace management solutions that enable organizations to manage their office environments and optimize real estate utilization; and AsureForce time and labor management solutions to help organizations optimize workforce, as well as control labor administration costs and activities.
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