Asure Software, Inc. (NASDAQ:ASUR) Receives Average Recommendation of “Buy” from Analysts

Asure Software, Inc. (NASDAQ:ASUR) has received a consensus rating of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $15.00.

Several brokerages have recently commented on ASUR. Stephens reiterated an “overweight” rating and issued a $13.00 target price on shares of Asure Software in a report on Friday, March 7th. Barrington Research restated an “outperform” rating and set a $17.00 price objective on shares of Asure Software in a report on Monday, April 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $20.00 price objective on shares of Asure Software in a report on Friday, May 2nd.

Insider Buying and Selling

In other Asure Software news, Director Grace G. Lee sold 7,500 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $9.51, for a total transaction of $71,325.00. Following the completion of the transaction, the director now owns 32,215 shares in the company, valued at $306,364.65. This trade represents a 18.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ben F. Allen sold 10,000 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $10.00, for a total transaction of $100,000.00. Following the transaction, the director now owns 47,645 shares of the company’s stock, valued at $476,450. This represents a 17.35% decrease in their position. The disclosure for this sale can be found here. 8.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Asure Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Needham Investment Management LLC boosted its position in Asure Software by 0.5% during the fourth quarter. Needham Investment Management LLC now owns 2,495,000 shares of the technology company’s stock worth $23,478,000 after purchasing an additional 12,500 shares during the period. Dimensional Fund Advisors LP boosted its position in Asure Software by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 897,323 shares of the technology company’s stock worth $8,444,000 after purchasing an additional 48,836 shares during the period. Pacific Ridge Capital Partners LLC boosted its position in Asure Software by 12.6% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 773,572 shares of the technology company’s stock worth $7,279,000 after purchasing an additional 86,277 shares during the period. ArrowMark Colorado Holdings LLC boosted its position in Asure Software by 24.5% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 714,330 shares of the technology company’s stock worth $6,722,000 after purchasing an additional 140,711 shares during the period. Finally, First Eagle Investment Management LLC boosted its position in Asure Software by 2.4% during the fourth quarter. First Eagle Investment Management LLC now owns 387,620 shares of the technology company’s stock worth $3,648,000 after purchasing an additional 9,156 shares during the period. Institutional investors own 71.58% of the company’s stock.

Asure Software Stock Performance

Shares of ASUR stock opened at $9.93 on Friday. The firm has a 50-day moving average of $9.62 and a 200-day moving average of $10.09. The company has a market cap of $269.64 million, a P/E ratio of -21.13, a P/E/G ratio of 1.11 and a beta of 0.43. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. Asure Software has a one year low of $7.37 and a one year high of $12.74.

Asure Software (NASDAQ:ASUR) last announced its earnings results on Thursday, May 1st. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.06). Asure Software had a negative net margin of 10.54% and a positive return on equity of 3.75%. Equities research analysts forecast that Asure Software will post 0.37 EPS for the current fiscal 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.