Asure Software (NASDAQ:ASUR)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity in a research note issued to investors on Thursday.
A number of other analysts have also recently weighed in on ASUR. Barrington Research set a $20.00 target price on shares of Asure Software and gave the stock a “buy” rating in a report on Tuesday, May 8th. Lake Street Capital raised their target price on shares of Asure Software to $20.00 and gave the stock a “buy” rating in a report on Thursday, May 10th. Zacks Investment Research upgraded shares of Asure Software from a “sell” rating to a “hold” rating in a report on Friday, April 6th. Needham & Company LLC assumed coverage on shares of Asure Software in a report on Monday, April 23rd. They set a “buy” rating for the company. Finally, ValuEngine upgraded shares of Asure Software from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Asure Software currently has a consensus rating of “Buy” and an average price target of $20.00.
Shares of Asure Software stock traded down $0.23 on Thursday, hitting $17.44. The company had a trading volume of 127,600 shares, compared to its average volume of 154,816. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.14 and a quick ratio of 1.13. The stock has a market capitalization of $222.40 million, a PE ratio of 38.76, a price-to-earnings-growth ratio of 0.93 and a beta of 1.24. Asure Software has a 52 week low of $17.40 and a 52 week high of $17.66.
Asure Software (NASDAQ:ASUR) last posted its quarterly earnings data on Wednesday, May 9th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.05. The business had revenue of $19.30 million during the quarter, compared to analysts’ expectations of $18.23 million. Asure Software had a negative net margin of 10.45% and a positive return on equity of 9.04%. analysts forecast that Asure Software will post 0.69 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Dubuque Bank & Trust Co. acquired a new position in Asure Software in the 1st quarter worth approximately $125,000. Goldman Sachs Group Inc. acquired a new position in Asure Software in the 4th quarter worth approximately $150,000. Monashee Investment Management LLC acquired a new position in Asure Software in the 4th quarter worth approximately $151,000. Element Capital Management LLC acquired a new position in Asure Software in the 1st quarter worth approximately $142,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Asure Software in the 1st quarter worth approximately $187,000. 53.56% of the stock is owned by hedge funds and other institutional investors.
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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