Asure Software (NASDAQ:ASUR) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Asure Software (NASDAQ:ASURGet Rating) in a note issued to investors on Wednesday. The firm set a “hold” rating on the technology company’s stock.

Separately, TheStreet cut Asure Software from a “c-” rating to a “d+” rating in a report on Thursday, April 14th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $12.50.

Shares of Asure Software stock opened at $5.80 on Wednesday. The stock has a market cap of $116.20 million, a P/E ratio of 32.22 and a beta of 1.06. The stock’s 50 day simple moving average is $6.45 and its 200-day simple moving average is $7.58. Asure Software has a 1-year low of $5.50 and a 1-year high of $9.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.07 and a quick ratio of 1.07.

Asure Software (NASDAQ:ASURGet Rating) last released its quarterly earnings data on Monday, March 14th. The technology company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.06. Asure Software had a negative return on equity of 0.32% and a net margin of 4.20%. During the same period in the previous year, the firm earned ($0.04) EPS. As a group, research analysts expect that Asure Software will post -0.1 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in Asure Software by 31.2% during the second quarter. Royal Bank of Canada now owns 6,312 shares of the technology company’s stock worth $56,000 after purchasing an additional 1,500 shares in the last quarter. BlackRock Inc. increased its position in shares of Asure Software by 0.8% during the third quarter. BlackRock Inc. now owns 239,929 shares of the technology company’s stock worth $2,161,000 after acquiring an additional 1,965 shares during the period. Advisor Group Holdings Inc. increased its position in shares of Asure Software by 6.4% during the third quarter. Advisor Group Holdings Inc. now owns 36,177 shares of the technology company’s stock worth $325,000 after acquiring an additional 2,164 shares during the period. Millennium Management LLC increased its position in shares of Asure Software by 6.4% during the fourth quarter. Millennium Management LLC now owns 47,167 shares of the technology company’s stock worth $369,000 after acquiring an additional 2,836 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Asure Software by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 139,935 shares of the technology company’s stock worth $1,095,000 after acquiring an additional 3,268 shares during the period. Institutional investors own 69.87% of the company’s stock.

About Asure Software (Get Rating)

Asure Software, Inc provides cloud-based human capital management solutions the United States. It helps various small and mid-sized businesses to build productive teams to help them stay compliant and allocate resources to grow their business. The company's solutions include Asure Payroll & Tax, an integrated cloud-based solution automates regulations associated with payroll and taxes, including wages, benefits, overtime, garnishments, tips, direct deposits, and fair labor standard act, as well as federal, state, and local payroll taxes; Asure (human resource) HR, a cloud-based functionality that handles HR complexities, such as employee self-service that enable employees to access information, pay history, and company documents; and Asure Time & Attendance that provides cost savings and return on investment gains come in the form of strategic use of labor dollars and the elimination of time theft.

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