Asure Software (ASUR) Trading Up 10.1%

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Shares of Asure Software Inc (NASDAQ:ASUR) were up 10.1% during mid-day trading on Monday . The company traded as high as $7.21 and last traded at $7.10. Approximately 642,887 shares changed hands during trading, an increase of 226% from the average daily volume of 197,305 shares. The stock had previously closed at $6.45.

A number of brokerages have recently commented on ASUR. Zacks Investment Research downgraded Asure Software from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. ValuEngine raised Asure Software from a “strong sell” rating to a “sell” rating in a research report on Monday, February 4th. Barrington Research set a $15.00 price objective on Asure Software and gave the stock a “buy” rating in a research report on Thursday, March 7th. Finally, Roth Capital lowered their price objective on Asure Software from $23.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, January 8th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. Asure Software currently has a consensus rating of “Hold” and an average price target of $13.38.

The company has a quick ratio of 1.06, a current ratio of 1.08 and a debt-to-equity ratio of 1.05. The firm has a market cap of $116.55 million, a PE ratio of 18.07, a P/E/G ratio of 0.60 and a beta of 0.91.

Asure Software (NASDAQ:ASUR) last announced its quarterly earnings results on Thursday, March 14th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.05). The business had revenue of $24.42 million during the quarter, compared to analyst estimates of $23.99 million. Asure Software had a negative net margin of 8.49% and a positive return on equity of 6.82%. As a group, research analysts predict that Asure Software Inc will post 0.44 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers purchased a new stake in shares of Asure Software during the fourth quarter worth approximately $73,000. First Interstate Bank raised its stake in shares of Asure Software by 402.7% during the fourth quarter. First Interstate Bank now owns 18,600 shares of the technology company’s stock worth $94,000 after purchasing an additional 14,900 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Asure Software by 15.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 22,000 shares of the technology company’s stock worth $112,000 after purchasing an additional 3,000 shares during the last quarter. New Jersey Better Educational Savings Trust raised its stake in shares of Asure Software by 9.1% during the fourth quarter. New Jersey Better Educational Savings Trust now owns 24,000 shares of the technology company’s stock worth $122,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of Asure Software during the third quarter worth approximately $235,000. 56.07% of the stock is owned by hedge funds and other institutional investors.

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About Asure Software (NASDAQ:ASUR)

Asure Software, Inc provides cloud-based human capital management and workspace management solutions worldwide. Its product line includes AsureSpace workspace management solutions that enable organizations to optimize their real estate investment, and create a digital workspace that empowers mobile and virtual employees; and AsureForce time and labor management solutions to help organizations optimize their workforce, as well as control labor administration costs and activities.

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