Asure Software Inc (NASDAQ:ASUR) Receives $12.71 Consensus Target Price from Analysts

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Asure Software Inc (NASDAQ:ASUR) has been assigned an average rating of “Buy” from the ten brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $12.71.

Several research firms have commented on ASUR. Zacks Investment Research downgraded 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 objective on shares of U.S. Auto Parts Network and gave the company a “buy” rating in a report on Friday, May 10th. Finally, ValuEngine cut shares of Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday, July 8th.

Large investors have recently modified their holdings of the company. Rhumbline Advisers purchased a new position in shares of Asure Software during the fourth quarter worth approximately $73,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Asure Software by 15.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 22,000 shares of the technology company’s stock valued at $112,000 after purchasing an additional 3,000 shares in the last quarter. Algert Global LLC bought a new position in shares of Asure Software during the first quarter valued at approximately $127,000. First Interstate Bank boosted its stake 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 valued at $146,000 after purchasing an additional 5,300 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake 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 valued at $260,000 after purchasing an additional 16,846 shares in the last quarter. 49.29% of the stock is currently owned by institutional investors and hedge funds.

Asure Software stock traded down $0.01 during mid-day trading on Tuesday, hitting $9.59. The stock had a trading volume of 351,269 shares, compared to its average volume of 383,519. The stock has a market cap of $147.73 million, a price-to-earnings ratio of 18.80, a P/E/G ratio of 1.04 and a beta of 1.17. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.05 and a quick ratio of 1.02. The company has a 50 day moving average of $7.58. Asure Software has a one year low of $4.26 and a one year high of $16.64.

Asure Software (NASDAQ:ASUR) last issued its earnings results on Thursday, May 9th. The technology company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.09. The company had revenue of $26.76 million during the quarter, compared to the consensus estimate 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, research analysts predict that Asure Software will post 0.39 earnings per share for the current year.

About Asure Software

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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