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

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

ASUR has been the topic of several research analyst reports. Stephens reissued an “overweight” rating and set a $13.00 target price on shares of Asure Software in a research note on Friday, March 7th. Needham & Company LLC reissued a “buy” rating and set a $20.00 price objective on shares of Asure Software in a research report on Friday, May 2nd. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Asure Software in a research report on Tuesday, May 27th.

Asure Software Stock Performance

Shares of ASUR opened at $9.92 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The firm’s fifty day simple moving average is $9.60 and its two-hundred day simple moving average is $10.17. Asure Software has a 12 month low of $7.51 and a 12 month high of $12.74. The stock has a market capitalization of $269.37 million, a P/E ratio of -21.11, a price-to-earnings-growth ratio of 1.11 and a beta of 0.41.

Asure Software (NASDAQ:ASUR) last announced its 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%. As a group, analysts predict that Asure Software will post 0.37 EPS for the current year.

Insiders Place Their Bets

In related news, Director Grace G. Lee sold 7,500 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $9.51, for a total value of $71,325.00. Following the transaction, the director now owns 32,215 shares of the company’s stock, valued at approximately $306,364.65. This trade represents a 18.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ben F. Allen sold 10,000 shares of the business’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 directly owns 47,645 shares of the company’s stock, valued at $476,450. This represents a 17.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,331 shares of company stock worth $179,228. Insiders own 8.70% of the company’s stock.

Institutional Trading of Asure Software

Several institutional investors and hedge funds have recently modified their holdings of the stock. Tallon Kerry Patrick purchased a new position in shares of Asure Software during the fourth quarter valued at approximately $1,372,000. Pacific Ridge Capital Partners LLC lifted its stake in 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 valued at $7,279,000 after acquiring an additional 86,277 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Asure Software by 33.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 31,899 shares of the technology company’s stock worth $301,000 after acquiring an additional 7,939 shares during the last quarter. M&T Bank Corp grew its stake in shares of Asure Software by 36.4% in the 4th quarter. M&T Bank Corp now owns 77,798 shares of the technology company’s stock worth $732,000 after acquiring an additional 20,758 shares in the last quarter. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Asure Software in the 4th quarter worth $239,000. 71.58% of the stock is 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.