ValuEngine upgraded shares of Asure Software (NASDAQ:ASUR) from a sell rating to a hold rating in a research note published on Wednesday morning.
ASUR has been the topic of a number of other reports. Zacks Investment Research raised shares of Asure Software from a sell rating to a hold rating in a report on Friday, August 31st. Barrington Research set a $25.00 price target on shares of Asure Software and gave the stock a buy rating in a report on Friday, July 6th. Dougherty & Co initiated coverage on shares of Asure Software in a report on Tuesday, August 28th. They set a buy rating and a $20.00 price target on the stock. Finally, Canaccord Genuity increased their price target on shares of Asure Software from $21.00 to $22.00 and gave the stock a buy rating in a report on Tuesday, July 10th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $20.43.
ASUR stock opened at $11.30 on Wednesday. The firm has a market capitalization of $173.82 million, a PE ratio of 25.11, a price-to-earnings-growth ratio of 0.74 and a beta of 1.14. The company has a current ratio of 1.54, a quick ratio of 1.52 and a debt-to-equity ratio of 1.06. Asure Software has a 12 month low of $10.08 and a 12 month high of $19.78.
Asure Software (NASDAQ:ASUR) last announced its quarterly earnings results on Wednesday, August 8th. The technology company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.02. Asure Software had a negative net margin of 11.85% and a positive return on equity of 9.05%. The firm had revenue of $21.77 million for the quarter, compared to the consensus estimate of $21.53 million. On average, research analysts expect that Asure Software will post 0.56 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in ASUR. PenderFund Capital Management Ltd. raised its position in Asure Software by 102.8% during the third quarter. PenderFund Capital Management Ltd. now owns 558,751 shares of the technology company’s stock worth $7,798,000 after acquiring an additional 283,200 shares during the period. NJ State Employees Deferred Compensation Plan raised its position in Asure Software by 28.0% during the third quarter. NJ State Employees Deferred Compensation Plan now owns 64,000 shares of the technology company’s stock worth $795,000 after acquiring an additional 14,000 shares during the period. New Jersey Better Educational Savings Trust acquired a new position in Asure Software during the third quarter worth $273,000. Gradient Investments LLC raised its position in Asure Software by 34.8% during the third quarter. Gradient Investments LLC now owns 74,082 shares of the technology company’s stock worth $920,000 after acquiring an additional 19,143 shares during the period. Finally, Mesirow Financial Investment Management Inc. raised its position in Asure Software by 23.9% during the third quarter. Mesirow Financial Investment Management Inc. now owns 30,908 shares of the technology company’s stock worth $384,000 after acquiring an additional 5,965 shares during the period. 60.85% of the stock is currently owned by hedge funds and other institutional investors.
Asure Software Company Profile
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.
Recommended Story: Compound Annual Growth Rate (CAGR)
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Asure Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asure Software and related companies with MarketBeat.com's FREE daily email newsletter.