Perritt Capital Management Inc. grew its stake in Asure Software Inc (NASDAQ:ASUR) by 9.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 233,400 shares of the technology company’s stock after purchasing an additional 20,000 shares during the period. Perritt Capital Management Inc. owned approximately 1.52% of Asure Software worth $1,921,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its stake in Asure Software by 111.2% in the 4th quarter. Deutsche Bank AG now owns 64,896 shares of the technology company’s stock valued at $328,000 after buying an additional 34,163 shares in the last quarter. Weber Alan W acquired a new stake in shares of Asure Software in the 1st quarter valued at $367,000. Pacific Ridge Capital Partners LLC grew its holdings in shares of Asure Software by 48.3% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 796,356 shares of the technology company’s stock worth $4,866,000 after purchasing an additional 259,531 shares during the last quarter. Skylands Capital LLC grew its holdings in shares of Asure Software by 69.3% in the 2nd quarter. Skylands Capital LLC now owns 378,550 shares of the technology company’s stock worth $3,115,000 after purchasing an additional 154,946 shares during the last quarter. Finally, S Squared Technology LLC acquired a new stake in shares of Asure Software during the 1st quarter worth about $474,000. Institutional investors own 45.39% of the company’s stock.
Several equities analysts recently issued reports on ASUR shares. Canaccord Genuity set a $12.00 price target on shares of Asure Software and gave the company a “buy” rating in a report on Monday, August 12th. Zacks Investment Research downgraded Asure Software from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. ValuEngine downgraded Asure Software from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Finally, Roth Capital restated a “buy” rating on shares of Asure Software in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. Asure Software currently has an average rating of “Buy” and a consensus target price of $12.57.
Shares of NASDAQ ASUR traded up $0.13 during trading on Wednesday, reaching $6.48. The company had a trading volume of 16,484 shares, compared to its average volume of 180,915. Asure Software Inc has a 52 week low of $4.26 and a 52 week high of $14.45. The stock has a market cap of $98.74 million, a PE ratio of 15.00, a PEG ratio of 1.12 and a beta of 1.26. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.04. The business’s 50 day moving average price is $7.18 and its 200-day moving average price is $7.13.
Asure Software (NASDAQ:ASUR) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Asure Software had a negative net margin of 9.77% and a positive return on equity of 6.81%. The business had revenue of $24.84 million during the quarter, compared to analyst estimates of $24.64 million. Equities analysts anticipate that Asure Software Inc will post 0.34 earnings per share for the current year.
Asure Software Profile
Asure Software, Inc provides cloud-based human capital management and workspace management solutions worldwide. Its product line includes AsureSpace workspace management solutions that enable organizations to optimize their real estate investment, and create a digital workspace that empowers mobile and virtual employees; and AsureForce time and labor management solutions to help organizations optimize their workforce, as well as control labor administration costs and activities.
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