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

Shares of Asure Software Inc (NASDAQ:ASUR) have earned an average rating of “Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $13.60.

Several analysts have recently weighed in on ASUR shares. Needham & Company LLC decreased their price objective on Asure Software from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, August 1st. Barrington Research set a $15.00 price objective on Asure Software and gave the stock an “outperform” rating in a report on Monday, August 4th.

Asure Software Stock Performance

ASUR opened at $8.66 on Monday. The firm has a market capitalization of $237.46 million, a P/E ratio of -14.93, a price-to-earnings-growth ratio of 1.04 and a beta of 0.41. The stock’s 50 day moving average price is $9.55 and its two-hundred day moving average price is $9.82. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.33. Asure Software has a 12-month low of $7.51 and a 12-month high of $12.74.

Insider Activity at Asure Software

In related news, CEO Patrick Goepel bought 5,250 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was acquired at an average price of $8.16 per share, for a total transaction of $42,840.00. Following the transaction, the chief executive officer directly owned 1,307,622 shares of the company’s stock, valued at $10,670,195.52. This represents a 0.40% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William Carl Drew acquired 25,000 shares of the business’s stock in a transaction on Tuesday, August 5th. The stock was acquired at an average price of $8.30 per share, with a total value of $207,500.00. Following the transaction, the director owned 103,165 shares in the company, valued at approximately $856,269.50. The trade was a 31.98% increase in their position. The disclosure for this purchase can be found here. 8.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Asure Software

A number of institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its holdings in shares of Asure Software by 446.8% in the second quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company’s stock valued at $65,000 after purchasing an additional 5,451 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of Asure Software by 19.6% in the second quarter. Wasatch Advisors LP now owns 770,025 shares of the technology company’s stock valued at $7,515,000 after purchasing an additional 126,450 shares in the last quarter. Kennedy Capital Management LLC lifted its holdings in shares of Asure Software by 8.7% in the second quarter. Kennedy Capital Management LLC now owns 434,247 shares of the technology company’s stock valued at $4,238,000 after purchasing an additional 34,579 shares in the last quarter. Invesco Ltd. bought a new stake in shares of Asure Software in the second quarter valued at about $112,000. Finally, American Century Companies Inc. lifted its holdings in shares of Asure Software by 3.9% in the second quarter. American Century Companies Inc. now owns 50,462 shares of the technology company’s stock valued at $493,000 after purchasing an additional 1,900 shares in the last quarter. 71.58% of the stock is owned by institutional investors and hedge funds.

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.