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.
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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