Asure Software Inc (NASDAQ:ASUR) Given Average Recommendation of “Buy” by Brokerages

Shares of Asure Software Inc (NASDAQ:ASUR) have received a consensus recommendation of “Buy” from the six ratings firms that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $15.00.

A number of brokerages have recently issued reports on ASUR. Barrington Research restated an “outperform” rating and set a $17.00 target price on shares of Asure Software in a research report on Wednesday. Needham & Company LLC restated a “buy” rating and set a $20.00 target price on shares of Asure Software in a research report on Wednesday.

Insiders Place Their Bets

In related news, Director Ben F. Allen sold 10,000 shares of Asure Software stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $10.00, for a total value of $100,000.00. Following the transaction, the director directly owned 47,645 shares in the company, valued at $476,450. This trade represents a 17.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 8.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Asure Software

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Inspire Investing LLC acquired a new stake in Asure Software in the first quarter valued at $703,000. Jane Street Group LLC acquired a new stake in Asure Software in the first quarter valued at $240,000. American Century Companies Inc. lifted its holdings in Asure Software by 23.5% in the first quarter. American Century Companies Inc. now owns 48,562 shares of the technology company’s stock valued at $464,000 after acquiring an additional 9,249 shares during the period. Nuveen LLC acquired a new stake in Asure Software in the first quarter valued at $709,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Asure Software by 4.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 67,467 shares of the technology company’s stock valued at $644,000 after acquiring an additional 2,791 shares during the period. Institutional investors and hedge funds own 71.58% of the company’s stock.

Asure Software Stock Up 5.3%

Shares of NASDAQ:ASUR opened at $11.38 on Friday. The firm has a 50 day simple moving average of $9.83 and a 200-day simple moving average of $10.22. Asure Software has a twelve month low of $7.51 and a twelve month high of $12.74. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $309.08 million, a PE ratio of -21.48, a P/E/G ratio of 1.12 and a beta of 0.40.

Asure Software (NASDAQ:ASUR) last announced its quarterly 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 11.27% and a positive return on equity of 4.52%. On average, equities analysts predict that Asure Software will post 0.37 EPS for the current fiscal 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.