Asure Software Inc (NASDAQ:ASUR – Get 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
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
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.
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