Asure Software Inc. (ASUR) Receives Consensus Rating of “Buy” from Analysts
Shares of Asure Software Inc. (NASDAQ:ASUR) have received a consensus rating of “Buy” from the six research firms that are presently covering the company. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $10.55.
A number of equities research analysts have recently commented on the company. Barrington Research raised their target price on Asure Software from $8.00 to $10.00 and gave the company an “outperform” rating in a research report on Tuesday, November 1st. TheStreet raised shares of Asure Software from a “sell” rating to a “hold” rating in a research note on Tuesday, September 27th. Zacks Investment Research raised shares of Asure Software from a “hold” rating to a “strong-buy” rating and set a $8.75 price target on the stock in a research note on Wednesday, November 16th. Roth Capital initiated coverage on shares of Asure Software in a research note on Friday, October 21st. They issued a “buy” rating and a $12.00 price target on the stock. Finally, Lake Street Capital initiated coverage on shares of Asure Software in a research note on Monday, October 17th. They issued a “buy” rating and a $10.00 price target on the stock.
Shares of Asure Software (NASDAQ:ASUR) traded down 0.22% during midday trading on Tuesday, reaching $9.20. The company’s stock had a trading volume of 16,679 shares. The company has a 50 day moving average price of $7.32 and a 200-day moving average price of $5.73. The stock’s market capitalization is $60.22 million. Asure Software has a 52 week low of $4.28 and a 52 week high of $9.73.
Asure Software (NASDAQ:ASUR) last posted its earnings results on Monday, November 14th. The company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.03. Asure Software had a positive return on equity of 14.38% and a negative net margin of 5.82%. The firm had revenue of $9.40 million for the quarter, compared to analysts’ expectations of $9.58 million. On average, equities research analysts expect that Asure Software will post $0.21 EPS for the current year.
In related news, CEO Patrick Goepel purchased 50,000 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The shares were purchased at an average cost of $5.29 per share, with a total value of $264,500.00. Following the purchase, the chief executive officer now owns 650,097 shares of the company’s stock, valued at approximately $3,439,013.13. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 27.00% of the stock is currently owned by corporate insiders.
A hedge fund recently raised its stake in Asure Software stock. Vanguard Group Inc. increased its position in shares of Asure Software Inc. (NASDAQ:ASUR) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,997 shares of the company’s stock after buying an additional 373 shares during the period. Vanguard Group Inc. owned 1.32% of Asure Software worth $391,000 as of its most recent filing with the SEC. 18.91% of the stock is currently owned by hedge funds and other institutional investors.
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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