Brokerages Set Asure Software Inc (NASDAQ:ASUR) Target Price at $13.60

Asure Software Inc (NASDAQ:ASUR) has received an average recommendation of “Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $13.60.

Several analysts have issued reports on ASUR shares. Needham & Company LLC cut their target price on shares of Asure Software from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, August 1st. Barrington Research set a $15.00 target price on shares of Asure Software and gave the company an “outperform” rating in a research note on Monday, August 4th.

Asure Software Price Performance

NASDAQ ASUR opened at $7.81 on Friday. The stock has a market capitalization of $214.15 million, a P/E ratio of -13.47, a P/E/G ratio of 0.96 and a beta of 0.39. Asure Software has a 1 year low of $7.51 and a 1 year high of $12.74. The business’s fifty day moving average is $8.76 and its two-hundred day moving average is $9.41. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.27 and a current ratio of 1.27.

Insider Buying and Selling at Asure Software

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

Hedge Funds Weigh In On Asure Software

Hedge funds have recently modified their holdings of the stock. Inspire Investing LLC bought a new stake in Asure Software in the first quarter worth $703,000. Advisor Resource Council bought a new stake in Asure Software in the first quarter worth $1,864,000. Nuveen LLC acquired a new position in Asure Software during the 1st quarter worth $709,000. Deutsche Bank AG lifted its position in Asure Software by 49.6% during the 4th quarter. Deutsche Bank AG now owns 18,625 shares of the technology company’s stock worth $175,000 after acquiring an additional 6,175 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Asure Software by 4.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 67,467 shares of the technology company’s stock worth $644,000 after acquiring an additional 2,791 shares during the last quarter. 71.58% of the stock is owned by institutional investors and hedge funds.

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.