Asure Software Inc (NASDAQ:ASUR) has earned an average recommendation of “Buy” from the ten brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $16.50.
ASUR has been the topic of several analyst reports. Scotiabank lowered shares of Asure Software from an “outperform” rating to a “sector perform” rating in a research report on Thursday, September 7th. Canaccord Genuity reiterated a “buy” rating and set a $18.00 price target on shares of Asure Software in a research report on Tuesday, October 17th. Northland Securities reiterated a “buy” rating and set a $18.00 price target on shares of Asure Software in a research report on Thursday, September 21st. Zacks Investment Research lowered shares of Asure Software from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Finally, Dougherty & Co reiterated a “buy” rating on shares of Asure Software in a research report on Monday, November 20th.
Shares of Asure Software (NASDAQ:ASUR) traded down $0.25 during trading hours on Monday, hitting $14.84. 86,108 shares of the company’s stock were exchanged, compared to its average volume of 135,724. Asure Software has a 1 year low of $8.18 and a 1 year high of $17.27. The firm has a market cap of $185.08, a price-to-earnings ratio of 58.04, a PEG ratio of 1.14 and a beta of 1.21. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.37 and a current ratio of 1.39.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Asure Software during the 3rd quarter worth approximately $135,000. Monarch Partners Asset Management LLC bought a new position in Asure Software in the 2nd quarter valued at approximately $243,000. Northern Trust Corp lifted its stake in Asure Software by 37.8% in the 2nd quarter. Northern Trust Corp now owns 24,419 shares of the technology company’s stock valued at $357,000 after purchasing an additional 6,692 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in Asure Software in the 1st quarter valued at approximately $519,000. Finally, Navellier & Associates Inc lifted its stake in Asure Software by 13.1% in the 2nd quarter. Navellier & Associates Inc now owns 49,953 shares of the technology company’s stock valued at $730,000 after purchasing an additional 5,775 shares during the last quarter. Institutional investors and hedge funds own 46.61% of the company’s stock.
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About Asure Software
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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