Asure Software, Inc. (NASDAQ:ASUR) Receives $13.40 Average PT from Analysts

Asure Software, Inc. (NASDAQ:ASUR) has earned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $13.40.

Several analysts have commented on the stock. Barrington Research reiterated an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a research note on Monday, April 29th. TD Cowen decreased their target price on Asure Software from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of Asure Software in a report on Friday, May 3rd.

Asure Software Trading Down 0.7 %

Shares of Asure Software stock opened at $7.24 on Monday. Asure Software has a fifty-two week low of $6.30 and a fifty-two week high of $15.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $186.86 million, a P/E ratio of -16.84, a P/E/G ratio of 0.70 and a beta of 0.71. The company has a fifty day moving average of $7.89 and a 200 day moving average of $8.39.

Asure Software (NASDAQ:ASUR) last announced its quarterly earnings data on Monday, February 26th. The technology company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. Asure Software had a positive return on equity of 3.86% and a negative net margin of 8.38%. The business had revenue of $26.26 million for the quarter, compared to the consensus estimate of $26.45 million. On average, sell-side analysts anticipate that Asure Software will post 0.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASUR. Advisor Resource Council bought a new stake in shares of Asure Software in the 4th quarter valued at approximately $172,000. Commonwealth Equity Services LLC bought a new stake in Asure Software in the third quarter worth $95,000. Tucker Asset Management LLC boosted its stake in Asure Software by 166.1% during the third quarter. Tucker Asset Management LLC now owns 12,000 shares of the technology company’s stock worth $114,000 after buying an additional 7,490 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Asure Software by 6.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 179,319 shares of the technology company’s stock worth $1,696,000 after purchasing an additional 11,536 shares during the period. Finally, Barclays PLC grew its stake in shares of Asure Software by 52.7% during the third quarter. Barclays PLC now owns 5,850 shares of the technology company’s stock valued at $55,000 after buying an additional 2,020 shares during the last quarter. Hedge funds and other institutional investors 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.