Shares of Asure Software Inc (NASDAQ:ASUR) have been given a consensus rating of “Buy” by the eleven analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $20.40.
A number of analysts have weighed in on the company. Barrington Research set a $25.00 target price on Asure Software and gave the stock a “buy” rating in a research note on Friday. Zacks Investment Research upgraded Asure Software from a “sell” rating to a “hold” rating in a research note on Monday, June 18th. ValuEngine upgraded Asure Software from a “hold” rating to a “buy” rating in a research note on Monday, June 11th. Canaccord Genuity restated a “buy” rating on shares of Asure Software in a research note on Thursday, May 17th. Finally, Lake Street Capital raised their price target on Asure Software to $20.00 and gave the company a “buy” rating in a research note on Thursday, May 10th.
Get Asure Software alerts:In other news, Director Daniel M. Gill sold 500,000 shares of the firm’s stock in a transaction on Monday, June 18th. The stock was sold at an average price of $16.45, for a total transaction of $8,225,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 18.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Allianz Asset Management GmbH increased its stake in shares of Asure Software by 19.1% during the first quarter. Allianz Asset Management GmbH now owns 256,997 shares of the technology company’s stock valued at $3,146,000 after buying an additional 41,172 shares during the period. Millennium Management LLC bought a new stake in Asure Software during the first quarter valued at about $1,251,000. Ancora Advisors LLC boosted its position in Asure Software by 92.4% during the first quarter. Ancora Advisors LLC now owns 211,600 shares of the technology company’s stock valued at $2,590,000 after purchasing an additional 101,600 shares in the last quarter. Element Capital Management LLC bought a new stake in Asure Software during the first quarter valued at about $142,000. Finally, Cortina Asset Management LLC bought a new stake in Asure Software during the first quarter valued at about $2,172,000. Hedge funds and other institutional investors own 43.59% of the company’s stock.
ASUR stock traded down $0.34 during midday trading on Friday, reaching $16.26. The company’s stock had a trading volume of 229,700 shares, compared to its average volume of 177,627. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 1.65. Asure Software has a 1 year low of $9.89 and a 1 year high of $19.78. The firm has a market cap of $243.11 million, a price-to-earnings ratio of 37.11, a PEG ratio of 0.86 and a beta of 1.24.
Asure Software (NASDAQ:ASUR) last released its earnings results on Wednesday, May 9th. The technology company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. Asure Software had a positive return on equity of 9.04% and a negative net margin of 10.45%. The business had revenue of $19.30 million for the quarter, compared to analyst estimates of $18.23 million. research analysts expect that Asure Software will post 0.68 EPS for the current year.
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.
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