Asure Software Inc (NASDAQ:ASUR) has been assigned an average recommendation of “Buy” from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $13.50.
A number of equities analysts have weighed in on ASUR shares. Barrington Research restated a “buy” rating and issued a $25.00 price target on shares of Asure Software in a report on Thursday, November 1st. TheStreet cut Asure Software from a “c-” rating to a “d+” rating in a report on Tuesday, December 11th. Craig Hallum decreased their price target on Asure Software from $21.00 to $11.00 and set a “buy” rating for the company in a report on Monday, November 12th. Canaccord Genuity decreased their price target on Asure Software from $22.00 to $13.00 and set a “buy” rating for the company in a report on Monday, November 12th. Finally, Zacks Investment Research upgraded Asure Software from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd.
Get Asure Software alerts:ASUR traded up $0.12 on Friday, reaching $6.14. 156,271 shares of the company’s stock were exchanged, compared to its average volume of 186,212. The company has a market cap of $92.08 million, a PE ratio of 13.64, a price-to-earnings-growth ratio of 0.30 and a beta of 0.98. Asure Software has a twelve month low of $4.26 and a twelve month high of $19.78. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.17 and a current ratio of 1.18.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASUR. Jane Street Group LLC purchased a new position in shares of Asure Software during the 4th quarter valued at approximately $413,000. Geode Capital Management LLC boosted its stake in shares of Asure Software by 5.1% during the 4th 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 last quarter. Prescott Group Capital Management L.L.C. purchased a new position in shares of Asure Software during the 4th quarter valued at approximately $1,524,000. Bank of New York Mellon Corp boosted its stake in shares of Asure Software by 48.9% during the 4th 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 last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Asure Software by 15.8% during the 4th 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 last quarter. Hedge funds and other institutional investors own 61.25% of the company’s stock.
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.
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