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

Asure Software, Inc. (NASDAQ:ASUR) has earned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $13.40.

ASUR has been the topic of several analyst reports. Barrington Research reiterated an “outperform” rating and set a $17.00 price target on shares of Asure Software in a research report on Friday, July 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 target price on shares of Asure Software in a report on Friday, August 2nd.

Asure Software Price Performance

NASDAQ ASUR opened at $8.60 on Thursday. The stock has a market cap of $227.56 million, a price-to-earnings ratio of -20.00, a PEG ratio of 0.90 and a beta of 0.55. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. Asure Software has a 52-week low of $6.30 and a 52-week high of $10.52. The business has a 50 day simple moving average of $8.87 and a 200 day simple moving average of $8.23.

Asure Software (NASDAQ:ASUR) last announced its quarterly earnings data on Thursday, August 1st. The technology company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The firm had revenue of $28.04 million during the quarter, compared to the consensus estimate of $28.56 million. Asure Software had a negative net margin of 9.07% and a positive return on equity of 3.75%. Analysts anticipate that Asure Software will post 0.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Asure Software

In other Asure Software news, CRO Eyal Goldstein sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $8.44, for a total value of $84,400.00. Following the completion of the sale, the executive now owns 239,243 shares of the company’s stock, valued at $2,019,210.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Daniel M. Gill sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $8.69, for a total value of $43,450.00. Following the transaction, the director now owns 28,165 shares in the company, valued at $244,753.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Eyal Goldstein sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $8.44, for a total transaction of $84,400.00. Following the completion of the sale, the executive now directly owns 239,243 shares in the company, valued at approximately $2,019,210.92. The disclosure for this sale can be found here. Insiders own 8.90% of the company’s stock.

Institutional Trading of Asure Software

A number of institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC boosted its holdings in Asure Software by 150.3% in the first quarter. Janus Henderson Group PLC now owns 1,737,398 shares of the technology company’s stock valued at $13,517,000 after acquiring an additional 1,043,385 shares in the last quarter. Swedbank AB purchased a new position in shares of Asure Software during the 1st quarter worth approximately $4,668,000. Private Capital Management LLC lifted its stake in shares of Asure Software by 11.6% in the 4th quarter. Private Capital Management LLC now owns 3,924,027 shares of the technology company’s stock valued at $37,357,000 after purchasing an additional 408,000 shares during the period. Roubaix Capital LLC bought a new stake in shares of Asure Software during the first quarter valued at approximately $1,874,000. Finally, S Squared Technology LLC grew its stake in Asure Software by 13.0% in the fourth quarter. S Squared Technology LLC now owns 976,900 shares of the technology company’s stock worth $9,300,000 after purchasing an additional 112,479 shares during the period. 71.58% of the stock is currently owned by hedge funds and other institutional investors.

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.