Asure Software Inc (NASDAQ:ASUR) Receives $13.00 Average Price Target from Brokerages

Asure Software Inc (NASDAQ:ASUR) has been given a consensus recommendation of “Moderate Buy” by the five research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $13.00.

A number of brokerages recently weighed in on ASUR. Wall Street Zen upgraded shares of Asure Software from a “hold” rating to a “buy” rating in a research report on Monday. TD Cowen raised shares of Asure Software to a “strong-buy” rating in a research report on Monday, May 18th. Zacks Research lowered shares of Asure Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. 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. Finally, Weiss Ratings raised Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 2nd.

Asure Software Trading Up 0.6%

Asure Software stock opened at $8.39 on Friday. Asure Software has a one year low of $6.80 and a one year high of $10.20. The business’s fifty day moving average is $8.44 and its 200 day moving average is $8.57. The stock has a market capitalization of $242.30 million, a PE ratio of -28.93, a price-to-earnings-growth ratio of 0.99 and a beta of 0.52. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.06 and a quick ratio of 1.05.

Insider Activity

In other news, Director Bjorn Reynolds sold 15,420 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $8.35, for a total transaction of $128,757.00. Following the completion of the sale, the director owned 31,162 shares of the company’s stock, valued at $260,202.70. This represents a 33.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 made changes to their positions in ASUR. BNP Paribas Financial Markets increased its holdings in Asure Software by 107.7% during the third quarter. BNP Paribas Financial Markets now owns 4,986 shares of the technology company’s stock valued at $41,000 after buying an additional 2,586 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Asure Software by 446.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company’s stock valued at $65,000 after acquiring an additional 5,451 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in shares of Asure Software during the 4th quarter valued at $66,000. Ancora Advisors LLC purchased a new stake in shares of Asure Software in the 2nd quarter worth $79,000. Finally, Boston Partners purchased a new stake in shares of Asure Software in the 4th quarter worth $108,000. Hedge funds and other institutional investors own 71.58% of the company’s stock.

Asure Software Company Profile

Asure Software, Inc (NASDAQ: ASUR) is a Texas?based technology company specializing in cloud?based workforce and workspace management solutions. The company develops software that streamlines human capital management (HCM), payroll processing, time and attendance tracking, and workspace reservation for businesses seeking to optimize employee experience and operational efficiency.

The Asure platform includes modules for payroll administration, benefits enrollment, performance management, applicant tracking and onboarding, as well as mobile and web?based timekeeping.