Asure Software Inc. (NASDAQ:ASUR) was upgraded by equities researchers at TheStreet from a “sell” rating to a “hold” rating in a report issued on Tuesday.
Separately, Zacks Investment Research raised Asure Software from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 13th.
Shares of Asure Software (NASDAQ:ASUR) traded up 0.16% during mid-day trading on Tuesday, hitting $6.41. 28,994 shares of the company were exchanged. Asure Software has a 12-month low of $4.28 and a 12-month high of $6.69. The stock’s 50-day moving average price is $5.49 and its 200 day moving average price is $5.16. The stock’s market cap is $41.77 million.
Asure Software (NASDAQ:ASUR) last released its earnings results on Monday, August 15th. The company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.17. Asure Software had a negative return on equity of 23.43% and a negative net margin of 9.35%. The company had revenue of $9.70 million for the quarter, compared to analysts’ expectations of $7.20 million. On average, equities analysts anticipate that Asure Software will post $0.19 EPS for the current fiscal year.
In other news, CEO Patrick Goepel purchased 50,000 shares of the stock in a transaction that occurred on Friday, September 2nd. The stock was acquired at an average price of $5.29 per share, with a total value of $264,500.00. Following the purchase, the chief executive officer now owns 650,097 shares in the company, valued at approximately $3,439,013.13. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.00% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in ASUR. FMR LLC boosted its stake in shares of Asure Software by 4.0% in the second quarter. FMR LLC now owns 349,719 shares of the company’s stock worth $1,647,000 after buying an additional 13,600 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Asure Software by 0.5% in the second quarter. Vanguard Group Inc. now owns 82,997 shares of the company’s stock worth $391,000 after buying an additional 373 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Asure Software by 0.6% in the first quarter. Renaissance Technologies LLC now owns 255,476 shares of the company’s stock worth $1,369,000 after buying an additional 1,600 shares during the last quarter. 21.40% of the stock is owned by hedge funds and other institutional investors.
Asure Software Company Profile
Asure Software, Inc is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces.
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