Shares of Asure Software Inc (NASDAQ:ASUR) have earned a consensus recommendation of “Buy” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $17.71.
ASUR has been the subject of a number of research analyst reports. Cowen lifted their price target on shares of Asure Software from $17.00 to $20.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 19th. Zacks Investment Research lowered shares of Asure Software from a “hold” rating to a “sell” rating in a research note on Monday, December 18th. Dougherty & Co initiated coverage on shares of Asure Software in a research note on Tuesday, October 31st. They issued a “buy” rating and a $17.00 price target for the company. Canaccord Genuity reiterated a “buy” rating and issued a $18.00 price target on shares of Asure Software in a research note on Tuesday, October 17th. Finally, Northland Securities set a $19.00 price target on shares of Asure Software and gave the stock a “buy” rating in a research note on Wednesday, January 3rd.
Asure Software (ASUR) traded down $0.16 during trading hours on Tuesday, reaching $15.06. 105,329 shares of the company’s stock were exchanged, compared to its average volume of 119,526. The company has a market cap of $190.87, a price-to-earnings ratio of -39.63, a P/E/G ratio of 0.78 and a beta of 1.17. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.37 and a current ratio of 1.39. Asure Software has a 1-year low of $9.47 and a 1-year high of $17.27.
Hedge funds have recently made changes to their positions in the company. Perritt Capital Management Inc. boosted its holdings in shares of Asure Software by 21.0% in the fourth quarter. Perritt Capital Management Inc. now owns 123,200 shares of the technology company’s stock worth $1,740,000 after buying an additional 21,400 shares during the last quarter. Skylands Capital LLC boosted its holdings in shares of Asure Software by 43.0% in the fourth quarter. Skylands Capital LLC now owns 273,650 shares of the technology company’s stock worth $3,864,000 after buying an additional 82,227 shares during the last quarter. Argent Capital Management LLC purchased a new position in shares of Asure Software in the third quarter worth approximately $1,691,000. Alyeska Investment Group L.P. boosted its holdings in shares of Asure Software by 548.1% in the third quarter. Alyeska Investment Group L.P. now owns 450,000 shares of the technology company’s stock worth $5,589,000 after buying an additional 380,570 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Asure Software by 45.6% in the third quarter. Allianz Asset Management GmbH now owns 86,285 shares of the technology company’s stock worth $1,072,000 after buying an additional 27,015 shares during the last quarter. Hedge funds and other institutional investors own 46.31% of the company’s stock.
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About Asure Software
Asure Software, Inc is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces.
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