Asure Software, Inc. (NASDAQ:ASUR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Asure Software, Inc. (NASDAQ:ASURGet Free Report) have received a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $15.20.

Several brokerages recently commented on ASUR. Barrington Research reissued an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a research note on Tuesday, February 27th. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price target on shares of Asure Software in a research note on Friday, January 19th.

Get Our Latest Analysis on ASUR

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Asure Software by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 1,109,928 shares of the technology company’s stock valued at $10,567,000 after purchasing an additional 30,847 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Asure Software by 818.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 120,303 shares of the technology company’s stock valued at $1,145,000 after purchasing an additional 107,199 shares in the last quarter. American International Group Inc. raised its stake in shares of Asure Software by 20.4% in the fourth quarter. American International Group Inc. now owns 11,369 shares of the technology company’s stock valued at $108,000 after purchasing an additional 1,923 shares in the last quarter. Virtu Financial LLC bought a new stake in Asure Software in the fourth quarter valued at $139,000. Finally, Price T Rowe Associates Inc. MD grew its position in Asure Software by 10.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,018 shares of the technology company’s stock valued at $220,000 after acquiring an additional 2,214 shares during the period. 71.58% of the stock is currently owned by institutional investors and hedge funds.

Asure Software Trading Down 1.7 %

NASDAQ:ASUR opened at $7.41 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.11 and a quick ratio of 1.11. Asure Software has a fifty-two week low of $6.30 and a fifty-two week high of $17.14. The stock’s 50-day moving average is $9.05 and its two-hundred day moving average is $8.67. The stock has a market cap of $189.18 million, a PE ratio of -18.52, a price-to-earnings-growth ratio of 0.78 and a beta of 0.72.

Asure Software (NASDAQ:ASURGet Free Report) last released its earnings results on Monday, February 26th. The technology company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $26.26 million for the quarter, compared to analysts’ expectations of $26.45 million. Asure Software had a positive return on equity of 4.30% and a negative net margin of 7.74%. As a group, equities research analysts forecast that Asure Software will post 0.48 earnings per share for the current fiscal year.

Asure Software Company Profile

(Get Free Report

Asure Software, Inc engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States. It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build productive workforce to help them stay compliant and allocate resources to grow their business.

Featured Stories

Analyst Recommendations for Asure Software (NASDAQ:ASUR)

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.