Asure Software Inc (NASDAQ:ASUR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Asure Software Inc (NASDAQ:ASUR – Get Free Report) have earned an average recommendation of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $13.00.

A number of research analysts have recently weighed in on the company. Stephens started coverage on Asure Software in a research note on Friday, September 4th. They issued an “overweight” rating and a $11.00 price target on the stock. Wall Street Zen raised Asure Software from a “hold” rating to a “buy” rating in a research note on Monday, September 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Asure Software in a report on Tuesday.

Check Out Our Latest Research Report on Asure Software

Insider Activity

In other news, Director Bjorn Reynolds sold 15,420 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $8.35, for a total transaction of $128,757.00. Following the completion of the transaction, the director directly owned 31,162 shares in the company, valued at approximately $260,202.70. The trade was a 33.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.90% of the company’s stock.

Institutional Trading of Asure Software

A number of hedge funds have recently modified their holdings of ASUR. BlackRock Inc. acquired a new stake in Asure Software during the 2nd quarter worth approximately $13,113,000. Bank of New York Mellon Corp bought a new position in Asure Software in the second quarter valued at approximately $1,463,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Asure Software in the second quarter valued at approximately $1,905,000. Janus Henderson Group PLC boosted its holdings in shares of Asure Software by 10.0% in the first quarter. Janus Henderson Group PLC now owns 1,769,578 shares of the technology company’s stock valued at $15,218,000 after buying an additional 161,074 shares during the period. Finally, S Squared Technology LLC bought a new stake in shares of Asure Software during the second quarter worth $3,170,918. 71.58% of the stock is currently owned by institutional investors and hedge funds.

Asure Software Stock Performance

ASUR opened at $7.68 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.06 and a quick ratio of 1.05. The company has a market cap of $221.80 million, a price-to-earnings ratio of -26.48, a price-to-earnings-growth ratio of 0.91 and a beta of 0.55. The firm has a 50 day simple moving average of $8.45 and a 200 day simple moving average of $8.50. Asure Software has a fifty-two week low of $6.80 and a fifty-two week high of $10.20.

Asure Software Company Profile

(Get Free Report)

Asure Software, Inc (NASDAQ: ASUR) provides cloud-based human capital management (HCM) software and services for small and midsize businesses. Its platform is designed to help employers manage payroll, payroll tax compliance, human resources, time and attendance, employee onboarding, benefits administration, and workforce-related processes.

The company offers integrated tools for payroll processing, employee self-service, recruiting and onboarding, performance management, time tracking, and workforce management.

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Analyst Recommendations for Asure Software (NASDAQ:ASUR)

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