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

Shares of Asure Software Inc (NASDAQ:ASUR) have been assigned a consensus recommendation of “Buy” from the ten research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $12.71.

ASUR has been the topic of a number of recent research reports. Barrington Research set a $5.00 target price on U.S. Auto Parts Network and gave the company a “buy” rating in a report on Friday, May 10th. ValuEngine downgraded Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday, July 8th. Finally, Zacks Investment Research downgraded G1 Therapeutics from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th.

Shares of ASUR stock traded down $0.24 during trading hours on Tuesday, reaching $9.51. The company had a trading volume of 326,200 shares, compared to its average volume of 259,934. Asure Software has a 12 month low of $4.26 and a 12 month high of $16.64. The company has a current ratio of 1.05, a quick ratio of 1.02 and a debt-to-equity ratio of 1.13. The firm has a fifty day moving average of $7.76. The company has a market capitalization of $150.61 million, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 1.04 and a beta of 1.16.

Asure Software (NASDAQ:ASUR) last posted its earnings results on Thursday, May 9th. The technology company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.09. Asure Software had a positive return on equity of 7.46% and a negative net margin of 8.83%. The company had revenue of $26.76 million for the quarter, compared to analyst estimates of $26.04 million. As a group, equities research analysts predict that Asure Software will post 0.39 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Weber Alan W bought a new position in shares of Asure Software during the 1st quarter valued at $367,000. S Squared Technology LLC bought a new position in shares of Asure Software during the 1st quarter valued at $474,000. Pacific Ridge Capital Partners LLC increased its stake 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 in the last quarter. Royce & Associates LP purchased a new stake in shares of Asure Software in the 1st quarter worth $2,344,000. Finally, First Interstate Bank increased its stake in shares of Asure Software by 28.5% in the 1st quarter. First Interstate Bank now owns 23,900 shares of the technology company’s stock worth $146,000 after purchasing an additional 5,300 shares in the last quarter. 49.27% of the stock is owned by institutional investors.

Asure Software Company 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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Analyst Recommendations for Asure Software (NASDAQ:ASUR)

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