Brokerages Set Asure Software, Inc. (NASDAQ:ASUR) Target Price at $13.40

Asure Software, Inc. (NASDAQ:ASUR) has received an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $13.40.

Several research firms have commented on ASUR. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a research report on Friday, May 3rd. Barrington Research reissued an “outperform” rating and set a $17.00 price target on shares of Asure Software in a research report on Monday, April 29th. Finally, TD Cowen lowered their price objective on shares of Asure Software from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Monday.

Asure Software Price Performance

Asure Software stock opened at $7.24 on Monday. The company has a market cap of $186.86 million, a price-to-earnings ratio of -16.84, a PEG ratio of 0.70 and a beta of 0.71. The firm has a 50 day moving average price of $7.89 and a 200 day moving average price of $8.39. Asure Software has a 1 year low of $6.30 and a 1 year high of $15.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.09 and a current ratio of 1.09.

Asure Software (NASDAQ:ASUR) last posted its quarterly earnings results on Monday, February 26th. The technology company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The firm had revenue of $26.26 million for the quarter, compared to analyst estimates of $26.45 million. Asure Software had a negative net margin of 8.38% and a positive return on equity of 3.86%. Sell-side analysts predict that Asure Software will post 0.48 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ASUR. Empowered Funds LLC grew its position in shares of Asure Software by 8.2% in the 1st quarter. Empowered Funds LLC now owns 67,168 shares of the technology company’s stock worth $523,000 after acquiring an additional 5,075 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in Asure Software by 20.7% in the first quarter. GSA Capital Partners LLP now owns 62,740 shares of the technology company’s stock worth $488,000 after acquiring an additional 10,752 shares during the last quarter. Capstone Investment Advisors LLC boosted its stake in Asure Software by 9.0% in the first quarter. Capstone Investment Advisors LLC now owns 21,800 shares of the technology company’s stock valued at $170,000 after acquiring an additional 1,800 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Asure Software by 45.1% during the first quarter. BNP Paribas Financial Markets now owns 10,929 shares of the technology company’s stock valued at $85,000 after purchasing an additional 3,398 shares during the last quarter. Finally, Private Capital Management LLC raised its position in shares of Asure Software by 11.6% during the 4th quarter. Private Capital Management LLC now owns 3,924,027 shares of the technology company’s stock worth $37,357,000 after purchasing an additional 408,000 shares during the period. 71.58% of the stock is currently owned by institutional investors.

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.