Asure Software, Inc. (NASDAQ:ASUR) Receives $13.40 Consensus Price Target from Analysts

Asure Software, Inc. (NASDAQ:ASUR) has earned an average rating of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $13.40.

ASUR has been the topic of several analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of Asure Software in a report on Thursday, May 16th. TD Cowen lowered their price objective on Asure Software from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, May 6th. Finally, Barrington Research restated an “outperform” rating and set a $17.00 price objective on shares of Asure Software in a research note on Monday, June 17th.

Institutional Trading of Asure Software

A number of hedge funds and other institutional investors have recently modified their holdings of ASUR. Barclays PLC raised its stake in shares of Asure Software by 52.7% in the 3rd quarter. Barclays PLC now owns 5,850 shares of the technology company’s stock worth $55,000 after buying an additional 2,020 shares in the last quarter. S Squared Technology LLC grew its holdings in shares of Asure Software by 12.0% during the third quarter. S Squared Technology LLC now owns 864,421 shares of the technology company’s stock valued at $8,177,000 after buying an additional 92,528 shares in the last quarter. Perritt Capital Management Inc. grew its holdings in shares of Asure Software by 337.5% during the third quarter. Perritt Capital Management Inc. now owns 35,000 shares of the technology company’s stock valued at $331,000 after buying an additional 27,000 shares in the last quarter. Spouting Rock Asset Management LLC purchased a new position in shares of Asure Software during the third quarter valued at $98,000. Finally, Tucker Asset Management LLC grew its holdings in shares of Asure Software by 166.1% during the third quarter. Tucker Asset Management LLC now owns 12,000 shares of the technology company’s stock valued at $114,000 after buying an additional 7,490 shares in the last quarter. Institutional investors own 71.58% of the company’s stock.

Asure Software Stock Performance

Asure Software stock opened at $8.40 on Tuesday. The stock’s 50-day moving average is $7.62 and its 200-day moving average is $8.32. The company has a market cap of $216.80 million, a price-to-earnings ratio of -19.53, a price-to-earnings-growth ratio of 0.78 and a beta of 0.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.09 and a quick ratio of 1.09. Asure Software has a 12 month low of $6.30 and a 12 month high of $15.54.

Asure Software (NASDAQ:ASUR) last released its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The firm had revenue of $31.65 million during the quarter, compared to analysts’ expectations of $30.98 million. Asure Software had a positive return on equity of 3.86% and a negative net margin of 8.38%. Equities analysts anticipate that Asure Software will post 0.5 earnings per share for the current year.

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.