Shares of Asure Software Inc (NASDAQ:ASUR) have been given an average rating of “Buy” by the ten ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $12.71.
ASUR has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Asure Software from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Barrington Research set a $15.00 price target on shares of Asure Software and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $13.00 price target on shares of Asure Software in a report on Friday, March 15th.
Shares of NASDAQ ASUR traded up $0.07 during mid-day trading on Friday, hitting $6.80. The stock had a trading volume of 11,585 shares, compared to its average volume of 177,735. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 1.13. Asure Software has a 1 year low of $4.26 and a 1 year high of $18.50. The company has a market cap of $103.03 million, a price-to-earnings ratio of 15.72, a PEG ratio of 0.69 and a beta of 0.98.
Asure Software (NASDAQ:ASUR) last issued its earnings results on Thursday, May 9th. The technology company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.09 by $0.09. Asure Software had a negative net margin of 8.83% and a positive return on equity of 7.46%. The company had revenue of $26.76 million for the quarter, compared to the consensus estimate of $26.04 million. Equities research analysts anticipate that Asure Software will post 0.39 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in ASUR. Royce & Associates LP bought a new stake in shares of Asure Software during the 1st quarter valued at $2,344,000. Prescott Group Capital Management L.L.C. purchased a new position in shares of Asure Software in the 4th quarter worth about $1,524,000. Pacific Ridge Capital Partners LLC raised its position in shares of Asure Software by 48.3% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 796,356 shares of the technology company’s stock worth $4,866,000 after purchasing an additional 259,531 shares during the last quarter. Skylands Capital LLC raised its position in shares of Asure Software by 499.3% in the 1st quarter. Skylands Capital LLC now owns 223,604 shares of the technology company’s stock worth $1,366,000 after purchasing an additional 186,295 shares during the last quarter. Finally, PenderFund Capital Management Ltd. raised its position in shares of Asure Software by 20.6% in the 1st quarter. PenderFund Capital Management Ltd. now owns 585,651 shares of the technology company’s stock worth $5,549,000 after purchasing an additional 100,000 shares during the last quarter. Hedge funds and other institutional investors own 49.29% of the company’s stock.
About Asure Software
Asure Software, Inc provides cloud-based human capital management and workspace management solutions worldwide. Its product line includes AsureSpace workspace management solutions that enable organizations to optimize their real estate investment, and create a digital workspace that empowers mobile and virtual employees; and AsureForce time and labor management solutions to help organizations optimize their workforce, as well as control labor administration costs and activities.
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