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

Shares of Asure Software, Inc. (NASDAQ:ASUR) have been given a consensus rating of “Buy” by the six research firms that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $15.00.

ASUR has been the subject of a number of research reports. Barrington Research reiterated an “outperform” rating and set a $17.00 price objective on shares of Asure Software in a research report on Monday, April 28th. Stephens restated an “overweight” rating and set a $13.00 price target on shares of Asure Software in a research note on Friday, March 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of Asure Software in a research report on Friday, May 2nd.

Insider Buying and Selling

In related news, Director Grace G. Lee sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $9.51, for a total transaction of $71,325.00. Following the completion of the transaction, the director now directly owns 32,215 shares in the company, valued at approximately $306,364.65. The trade was a 18.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ben F. Allen sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $10.00, for a total transaction of $100,000.00. Following the sale, the director now owns 47,645 shares in the company, valued at approximately $476,450. The trade was a 17.35% decrease in their position. The disclosure for this sale can be found here. 8.90% of the stock is owned by insiders.

Institutional Trading of Asure Software

Hedge funds and other institutional investors have recently modified their holdings of the company. Kennedy Capital Management LLC bought a new position in Asure Software in the 4th quarter worth $3,338,000. Advisor Resource Council purchased a new stake in shares of Asure Software during the first quarter worth about $1,864,000. Royce & Associates LP bought a new stake in Asure Software during the 4th quarter valued at approximately $1,623,000. Tallon Kerry Patrick purchased a new stake in Asure Software during the 4th quarter valued at approximately $1,372,000. Finally, ArrowMark Colorado Holdings LLC raised its position in shares of Asure Software by 24.5% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 714,330 shares of the technology company’s stock valued at $6,722,000 after buying an additional 140,711 shares during the last quarter. 71.58% of the stock is owned by hedge funds and other institutional investors.

Asure Software Stock Down 2.3%

Shares of Asure Software stock opened at $9.52 on Friday. Asure Software has a twelve month low of $7.37 and a twelve month high of $12.74. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $9.64 and its 200 day moving average is $10.10. The company has a market cap of $258.51 million, a price-to-earnings ratio of -20.26, a price-to-earnings-growth ratio of 1.11 and a beta of 0.43.

Asure Software (NASDAQ:ASUR) last announced its earnings results on Thursday, May 1st. The technology company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.06). Asure Software had a negative net margin of 10.54% and a positive return on equity of 3.75%. Research analysts anticipate that Asure Software will post 0.37 EPS for the current year.

About Asure Software

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.