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.
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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