Asure Software, Inc. (NASDAQ:ASUR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Asure Software, Inc. (NASDAQ:ASURGet Free Report) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $16.29.

A number of brokerages recently issued reports on ASUR. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a report on Friday, January 19th. Lake Street Capital downgraded shares of Asure Software from a “buy” rating to a “hold” rating and decreased their target price for the company from $20.00 to $8.00 in a research report on Tuesday, November 14th. Stifel Nicolaus decreased their target price on shares of Asure Software from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, November 14th. Finally, Barrington Research reissued an “outperform” rating and set a $17.00 target price on shares of Asure Software in a research report on Tuesday, November 14th.

Read Our Latest Analysis on ASUR

Institutional Trading of Asure Software

Several large investors have recently modified their holdings of ASUR. Naples Money Management LLC acquired a new stake in Asure Software in the 4th quarter valued at $27,000. UBS Group AG lifted its stake in Asure Software by 632.5% during the 4th quarter. UBS Group AG now owns 3,992 shares of the technology company’s stock valued at $37,000 after acquiring an additional 3,447 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Asure Software by 1,872.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,702 shares of the technology company’s stock valued at $39,000 after acquiring an additional 2,565 shares in the last quarter. Macquarie Group Ltd. bought a new position in Asure Software during the 1st quarter valued at $42,000. Finally, FMR LLC lifted its stake in Asure Software by 15,951.5% during the 3rd quarter. FMR LLC now owns 5,297 shares of the technology company’s stock valued at $50,000 after acquiring an additional 5,264 shares in the last quarter. Institutional investors and hedge funds own 73.09% of the company’s stock.

Asure Software Stock Performance

NASDAQ ASUR opened at $9.80 on Tuesday. Asure Software has a 1 year low of $6.30 and a 1 year high of $17.14. The firm has a market capitalization of $243.53 million, a P/E ratio of -31.61, a price-to-earnings-growth ratio of 0.79 and a beta of 0.76. The firm’s fifty day moving average price is $8.72 and its two-hundred day moving average price is $9.57. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.01.

Asure Software (NASDAQ:ASURGet Free Report) last posted its earnings results on Monday, November 13th. The technology company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.10. The firm had revenue of $29.33 million during the quarter, compared to analysts’ expectations of $26.57 million. Asure Software had a negative net margin of 5.48% and a positive return on equity of 5.99%. As a group, research analysts anticipate that Asure Software will post 0.36 EPS for the current year.

About Asure Software

(Get Free Report

Asure Software, Inc provides cloud-based human capital management (HCM) software and services in the United States. It helps various small and medium-sized businesses to build productive teams to help them stay compliant and allocate resources to grow their business. The company's solutions include Asure Payroll & Tax, an integrated solution automates regulations associated with payroll and taxes, including wages, benefits, overtime, garnishments, tips, direct deposits, and fair labor standard act, as well as federal, state, and local payroll taxes; human resource compliance that handles HR complexities, such as employee self-service, applicant tracking, onboarding, and compliance; and Asure Time & Attendance, which provides cost savings and return on investment gains come in the form of strategic use of labor dollars and the elimination of time theft.

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Analyst Recommendations for Asure Software (NASDAQ:ASUR)

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