Brokerages Set Asure Software, Inc. (NASDAQ:ASUR) Price Target at $15.00

Asure Software, Inc. (NASDAQ:ASUR) has been assigned an average recommendation of “Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have issued a report on the stock in the last year is $15.00.

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

Asure Software Trading Up 0.4%

ASUR opened at $9.97 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. Asure Software has a 52 week low of $7.37 and a 52 week high of $12.74. The business’s 50 day moving average is $9.63 and its two-hundred day moving average is $10.11. The firm has a market cap of $270.73 million, a price-to-earnings ratio of -21.21, a price-to-earnings-growth ratio of 1.11 and a beta of 0.43.

Asure Software (NASDAQ:ASUR) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate 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%. On average, research analysts predict that Asure Software will post 0.37 EPS for the current year.

Insider Transactions at Asure Software

In related news, Director Ben F. Allen sold 10,000 shares of the company’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 value of $100,000.00. Following the sale, the director now owns 47,645 shares in the company, valued at $476,450. This represents a 17.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Grace G. Lee sold 7,500 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $9.51, for a total value of $71,325.00. Following the sale, the director now owns 32,215 shares in the company, valued at approximately $306,364.65. The trade was a 18.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Asure Software

Several institutional investors and hedge funds have recently made changes to their positions in ASUR. Barclays PLC increased its holdings in Asure Software by 225.7% during the 3rd quarter. Barclays PLC now owns 31,075 shares of the technology company’s stock valued at $281,000 after acquiring an additional 21,533 shares in the last quarter. Tallon Kerry Patrick purchased a new position in shares of Asure Software during the 4th quarter worth approximately $1,372,000. Pacific Ridge Capital Partners LLC raised its position in shares of Asure Software by 12.6% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 773,572 shares of the technology company’s stock worth $7,279,000 after purchasing an additional 86,277 shares during the last quarter. M&T Bank Corp lifted its stake in Asure Software by 36.4% in the 4th quarter. M&T Bank Corp now owns 77,798 shares of the technology company’s stock valued at $732,000 after buying an additional 20,758 shares in the last quarter. Finally, Envestnet Asset Management Inc. purchased a new stake in Asure Software in the 4th quarter valued at approximately $239,000. 71.58% of the stock is currently owned by hedge funds and other institutional investors.

Asure Software Company Profile

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.