ValuEngine downgraded shares of Asure Software (NASDAQ:ASUR) from a buy rating to a hold rating in a report issued on Wednesday.
Several other analysts also recently issued reports on the stock. Canaccord Genuity reissued a buy rating on shares of Asure Software in a research note on Thursday, May 17th. Barrington Research raised their price objective on shares of Asure Software from $20.00 to $25.00 and gave the stock a buy rating in a research note on Monday, May 14th. Lake Street Capital raised their price objective on shares of Asure Software to $20.00 and gave the stock a buy rating in a research note on Thursday, May 10th. Needham & Company LLC assumed coverage on shares of Asure Software in a research note on Monday, April 23rd. They issued a buy rating for the company. Finally, Zacks Investment Research raised shares of Asure Software from a sell rating to a hold rating in a research note on Friday, April 6th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $20.00.
Shares of Asure Software opened at $16.66 on Wednesday, according to MarketBeat. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 1.65. The stock has a market capitalization of $208.93 million, a price-to-earnings ratio of 36.89, a PEG ratio of 0.87 and a beta of 1.24. Asure Software has a 1 year low of $9.89 and a 1 year high of $19.78.
Asure Software (NASDAQ:ASUR) last announced its quarterly earnings data on Wednesday, May 9th. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.05. The business had revenue of $19.30 million during the quarter, compared to the consensus estimate of $18.23 million. Asure Software had a negative net margin of 10.45% and a positive return on equity of 9.04%. sell-side analysts predict that Asure Software will post 0.69 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. Allianz Asset Management GmbH raised its stake in shares of Asure Software by 19.1% during the first quarter. Allianz Asset Management GmbH now owns 256,997 shares of the technology company’s stock valued at $3,146,000 after acquiring an additional 41,172 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Asure Software during the first quarter valued at approximately $1,251,000. Ancora Advisors LLC raised its stake in shares of Asure Software by 92.4% during the first quarter. Ancora Advisors LLC now owns 211,600 shares of the technology company’s stock valued at $2,590,000 after acquiring an additional 101,600 shares in the last quarter. Element Capital Management LLC bought a new stake in shares of Asure Software during the first quarter valued at approximately $142,000. Finally, Cortina Asset Management LLC bought a new stake in shares of Asure Software during the first quarter valued at approximately $2,172,000. 52.10% of the stock is owned by hedge funds and other institutional investors.
Asure Software Company Profile
Asure Software Inc provides cloud-based software-as-a-service time and labor management, and workspace management solutions worldwide. The company's product line includes AsureSpace workplace management solutions that enable organizations to manage their office environments and optimize real estate utilization; and AsureForce time and labor management solutions to help organizations optimize workforce, as well as control labor administration costs and activities.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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