Brokerages Set Asure Software, Inc. (NASDAQ:ASUR) Price Target at $13.40

Asure Software, Inc. (NASDAQ:ASUR) has been given an average rating of “Moderate Buy” by the five ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $13.40.

Several analysts have recently issued reports on the stock. Barrington Research reiterated an “outperform” rating and issued a $17.00 target price on shares of Asure Software in a research note on Friday. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a research report on Thursday, May 16th. Finally, TD Cowen dropped their target price on shares of Asure Software from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, May 6th.

Institutional Trading of Asure Software

Large investors have recently added to or reduced their stakes in the stock. Naples Money Management LLC purchased a new position in Asure Software in the fourth quarter valued at about $27,000. Tower Research Capital LLC TRC increased its stake in shares of Asure Software by 134.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,664 shares of the technology company’s stock worth $82,000 after purchasing an additional 4,976 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Asure Software by 45.1% in the 1st quarter. BNP Paribas Financial Markets now owns 10,929 shares of the technology company’s stock worth $85,000 after purchasing an additional 3,398 shares during the period. Capstone Investment Advisors LLC lifted its stake in Asure Software by 9.0% in the first quarter. Capstone Investment Advisors LLC now owns 21,800 shares of the technology company’s stock valued at $170,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Advisor Resource Council bought a new position in Asure Software during the fourth quarter valued at $172,000. Hedge funds and other institutional investors own 71.58% of the company’s stock.

Asure Software Price Performance

Shares of NASDAQ ASUR opened at $10.23 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.09 and a current ratio of 1.09. The firm’s 50-day simple moving average is $8.30 and its 200 day simple moving average is $8.36. The stock has a market cap of $264.07 million, a price-to-earnings ratio of -23.79, a PEG ratio of 0.96 and a beta of 0.62. Asure Software has a fifty-two week low of $6.30 and a fifty-two week high of $15.54.

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

Asure Software Company Profile

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.