Asure Software Inc (ASUR) Receives Average Recommendation of “Buy” from Brokerages

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.

Asure Software (NASDAQ:ASUR) last announced its quarterly earnings results on Monday, November 13th. The technology company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. Asure Software had a negative net margin of 8.28% and a positive return on equity of 6.96%. The firm had revenue of $15.53 million during the quarter, compared to analyst estimates of $15.24 million. sell-side analysts anticipate that Asure Software will post 0.47 EPS for the current fiscal year.

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.

Analyst Recommendations for Asure Software (NASDAQ:ASUR)

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