Asure Software (NASDAQ:ASUR) Upgraded at ValuEngine

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ValuEngine upgraded shares of Asure Software (NASDAQ:ASUR) from a sell rating to a hold rating in a report released on Monday morning, ValuEngine reports.

A number of other brokerages also recently commented on ASUR. 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. Canaccord Genuity increased their price target on shares of WSP Global from C$70.00 to C$72.00 in a report on Friday, March 15th. Finally, Zacks Investment Research downgraded shares of G1 Therapeutics from a buy rating to a hold rating in a report on Thursday, May 16th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Asure Software presently has a consensus rating of Buy and an average target price of $13.63.

ASUR opened at $9.60 on Monday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.05 and a quick ratio of 1.02. Asure Software has a 52 week low of $4.26 and a 52 week high of $16.64. The firm’s 50-day moving average is $7.52. The company has a market cap of $149.58 million, a P/E ratio of 22.33, a PEG ratio of 1.04 and a beta of 1.16.

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

Institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers acquired a new stake in shares of Asure Software in the fourth quarter valued at about $73,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of Asure Software by 15.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 22,000 shares of the technology company’s stock valued at $112,000 after buying an additional 3,000 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Asure Software by 48.9% in the fourth quarter. Bank of New York Mellon Corp now owns 51,282 shares of the technology company’s stock valued at $260,000 after buying an additional 16,846 shares during the period. Geode Capital Management LLC increased its stake in shares of Asure Software by 5.1% in the fourth quarter. Geode Capital Management LLC now owns 132,250 shares of the technology company’s stock valued at $671,000 after buying an additional 6,418 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Asure Software in the fourth quarter valued at about $413,000. 49.29% 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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