Asure Software (NASDAQ:ASUR) Downgraded by ValuEngine to Sell

ValuEngine lowered shares of Asure Software (NASDAQ:ASUR) from a hold rating to a sell rating in a research report sent to investors on Thursday morning, ValuEngine reports.

ASUR has been the topic of several other reports. Zacks Investment Research cut shares of G1 Therapeutics from a buy rating to a hold rating in a report on Thursday, May 16th. Barrington Research set a $5.00 price target on shares of U.S. Auto Parts Network and gave the company a buy rating in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Asure Software currently has a consensus rating of Buy and a consensus target price of $13.63.

ASUR opened at $8.90 on Thursday. The firm has a market capitalization of $137.10 million, a PE ratio of 20.70, a PEG ratio of 0.96 and a beta of 1.17. The company has a fifty day moving average of $7.98. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 1.13. Asure Software has a 12-month low of $4.26 and a 12-month high of $16.64.

Asure Software (NASDAQ:ASUR) last posted its quarterly earnings results on Thursday, May 9th. The technology company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.09. The firm had revenue of $26.76 million for the quarter, compared to analysts’ expectations of $26.04 million. Asure Software had a negative net margin of 8.83% and a positive return on equity of 7.46%. On average, sell-side analysts predict that Asure Software will post 0.39 earnings per share for the current year.

Large investors have recently modified their holdings of the business. Rhumbline Advisers bought a new position in shares of Asure Software during the fourth quarter worth about $73,000. Algert Global LLC bought a new position in shares of Asure Software during the first quarter worth about $127,000. First Interstate Bank grew its position in shares of Asure Software by 28.5% during the first quarter. First Interstate Bank now owns 23,900 shares of the technology company’s stock worth $146,000 after acquiring an additional 5,300 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Asure Software by 48.9% during the fourth quarter. Bank of New York Mellon Corp now owns 51,282 shares of the technology company’s stock worth $260,000 after acquiring an additional 16,846 shares during the last quarter. Finally, Weber Alan W bought a new position in shares of Asure Software during the first quarter worth about $367,000. 49.27% of the stock is currently owned by institutional investors.

Asure Software Company Profile

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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Analyst Recommendations for Asure Software (NASDAQ:ASUR)

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