Asure Software Inc (NASDAQ:ASUR) Receives $13.60 Average PT from Brokerages

Asure Software Inc (NASDAQ:ASURGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $13.60.

ASUR has been the subject of several recent analyst reports. Needham & Company LLC reduced their price target on Asure Software from $20.00 to $15.00 and set a “buy” rating for the company in a report on Friday, August 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Asure Software in a research report on Wednesday, October 8th. Finally, Barrington Research reissued an “outperform” rating and issued a $15.00 target price on shares of Asure Software in a research note on Tuesday, September 23rd.

Check Out Our Latest Stock Report on Asure Software

Insider Activity

In other Asure Software news, Director William Carl Drew acquired 25,000 shares of the company’s stock in a transaction dated Tuesday, August 5th. The stock was bought at an average price of $8.30 per share, with a total value of $207,500.00. Following the completion of the transaction, the director directly owned 103,165 shares of the company’s stock, valued at approximately $856,269.50. The trade was a 31.98% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick Goepel bought 5,250 shares of the stock in a transaction dated Wednesday, August 6th. The stock was bought at an average price of $8.16 per share, with a total value of $42,840.00. Following the purchase, the chief executive officer owned 1,307,622 shares of the company’s stock, valued at approximately $10,670,195.52. This represents a 0.40% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Asure Software

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Rice Hall James & Associates LLC boosted its holdings in shares of Asure Software by 3.3% during the third quarter. Rice Hall James & Associates LLC now owns 427,445 shares of the technology company’s stock valued at $3,505,000 after acquiring an additional 13,483 shares during the period. Tower Research Capital LLC TRC lifted its position in 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 worth $65,000 after purchasing an additional 5,451 shares during the period. Wasatch Advisors LP lifted its holdings in Asure Software by 19.6% in the 2nd quarter. Wasatch Advisors LP now owns 770,025 shares of the technology company’s stock valued at $7,515,000 after acquiring an additional 126,450 shares during the last quarter. Kennedy Capital Management LLC lifted its stake in Asure Software by 8.7% during 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 during the last quarter. Finally, Invesco Ltd. acquired a new stake in shares of Asure Software during the 2nd quarter valued at $112,000. 71.58% of the stock is currently owned by institutional investors and hedge funds.

Asure Software Stock Down 1.1%

Asure Software stock opened at $8.46 on Tuesday. Asure Software has a twelve month low of $7.51 and a twelve month high of $12.74. The stock has a 50 day moving average of $8.21 and a two-hundred day moving average of $9.20. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $231.97 million, a price-to-earnings ratio of -14.59, a PEG ratio of 1.05 and a beta of 0.44.

Asure Software Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Asure Software (NASDAQ:ASUR)

Receive News & Ratings for Asure Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asure Software and related companies with MarketBeat.com's FREE daily email newsletter.