Asure Software, Inc. (NASDAQ:ASUR) Given Consensus Rating of “Buy” by Brokerages

Asure Software, Inc. (NASDAQ:ASUR) has been assigned an average recommendation of “Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $14.17.

A number of equities research analysts have weighed in on ASUR shares. Northland Securities lifted their target price on Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Stephens reiterated an “overweight” rating and set a $13.00 target price on shares of Asure Software in a report on Friday, March 7th. Lake Street Capital upgraded shares of Asure Software from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Barrington Research reissued an “outperform” rating and set a $17.00 price objective on shares of Asure Software in a report on Friday, March 7th. Finally, Needham & Company LLC restated a “buy” rating and set a $20.00 target price on shares of Asure Software in a report on Friday, March 7th.

Insider Buying and Selling at Asure Software

In other news, Director Grace G. Lee sold 7,500 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $9.51, for a total transaction of $71,325.00. Following the transaction, the director now directly owns 32,215 shares of the company’s stock, valued at approximately $306,364.65. This represents a 18.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.90% of the stock is owned by insiders.

Institutional Trading of Asure Software

A number of institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its holdings in Asure Software by 1,136.1% in the first quarter. GAMMA Investing LLC now owns 6,131 shares of the technology company’s stock worth $642,000 after acquiring an additional 5,635 shares in the last quarter. FMR LLC boosted its stake in Asure Software by 350.8% in the 3rd quarter. FMR LLC now owns 6,681 shares of the technology company’s stock worth $60,000 after purchasing an additional 5,199 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Asure Software during the 4th quarter worth approximately $104,000. PNC Financial Services Group Inc. increased its stake in Asure Software by 66.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company’s stock valued at $120,000 after purchasing an additional 5,096 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Asure Software by 29.7% in the fourth quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company’s stock worth $143,000 after buying an additional 3,480 shares during the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.

Asure Software Stock Down 5.9 %

Shares of ASUR stock opened at $9.11 on Tuesday. The stock has a market cap of $245.78 million, a P/E ratio of -19.38, a PEG ratio of 1.11 and a beta of 0.41. The company’s fifty day simple moving average is $10.02 and its two-hundred day simple moving average is $10.02. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. Asure Software has a 52 week low of $6.89 and a 52 week high of $12.74.

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.