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

Shares of Asure Software, Inc. (NASDAQ:ASUR) have earned an average rating of “Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $15.00.

A number of analysts recently weighed in on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Asure Software in a research note on Monday, April 28th. Stephens reaffirmed an “overweight” rating and issued a $13.00 price target on shares of Asure Software in a research report on Friday, March 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a research note on Friday, May 2nd.

Asure Software Stock Performance

Shares of NASDAQ:ASUR opened at $9.44 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $256.33 million, a PE ratio of -20.09, a price-to-earnings-growth ratio of 1.11 and a beta of 0.43. The firm’s 50 day simple moving average is $9.64 and its 200-day simple moving average is $10.12. Asure Software has a one year low of $7.40 and a one year high of $12.74.

Asure Software (NASDAQ:ASUR) last issued its earnings results on Thursday, May 1st. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.06). Asure Software had a positive return on equity of 3.75% and a negative net margin of 10.54%. As a group, equities analysts predict that Asure Software will post 0.37 EPS for the current year.

Insider Activity

In related news, Director Grace G. Lee sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $9.51, for a total transaction of $71,325.00. Following the completion of the transaction, the director now owns 32,215 shares in the company, valued at $306,364.65. The trade was a 18.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ben F. Allen sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $10.00, for a total transaction of $100,000.00. Following the sale, the director now directly owns 47,645 shares of the company’s stock, valued at $476,450. The trade was a 17.35% decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.90% of the company’s stock.

Institutional Trading of Asure Software

A number of institutional investors have recently made changes to their positions in ASUR. Needham Investment Management LLC increased its position in Asure Software by 0.5% during the 4th quarter. Needham Investment Management LLC now owns 2,495,000 shares of the technology company’s stock valued at $23,478,000 after buying an additional 12,500 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Asure Software by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 897,323 shares of the technology company’s stock worth $8,444,000 after acquiring an additional 48,836 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its stake in shares of Asure Software by 12.6% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 773,572 shares of the technology company’s stock worth $7,279,000 after acquiring an additional 86,277 shares during the last quarter. ArrowMark Colorado Holdings LLC increased its holdings in shares of Asure Software by 24.5% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 714,330 shares of the technology company’s stock valued at $6,722,000 after acquiring an additional 140,711 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in shares of Asure Software by 2.4% during the fourth quarter. First Eagle Investment Management LLC now owns 387,620 shares of the technology company’s stock valued at $3,648,000 after acquiring an additional 9,156 shares in the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.

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.