Asure Software Inc (NASDAQ:ASUR)‘s stock had its “buy” rating restated by equities researchers at Dougherty & Co in a research note issued to investors on Monday. Dougherty & Co also issued estimates for Asure Software’s FY2017 earnings at $0.48 EPS.
Several other research firms have also recently issued reports on ASUR. Northland Securities set a $18.00 price target on Asure Software and gave the company a “buy” rating in a report on Tuesday, August 15th. Canaccord Genuity reaffirmed a “buy” rating and issued a $18.00 price target on shares of Asure Software in a report on Monday, August 14th. Zacks Investment Research cut Asure Software from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Scotiabank cut Asure Software from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 7th. Finally, Cowen and Company started coverage on Asure Software in a report on Wednesday, September 6th. They issued an “outperform” rating and a $16.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $16.57.
Asure Software (NASDAQ:ASUR) opened at $14.17 on Monday. The stock has a market capitalization of $176.01, a price-to-earnings ratio of 53.77, a price-to-earnings-growth ratio of 1.18 and a beta of 1.14. Asure Software has a twelve month low of $7.90 and a twelve month high of $17.27. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.39 and a quick ratio of 1.37.
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A number of large investors have recently made changes to their positions in the business. Argent Capital Management LLC acquired a new stake in Asure Software during the 3rd quarter valued at $1,691,000. Alyeska Investment Group L.P. raised its stake in Asure Software by 548.1% during the 3rd quarter. Alyeska Investment Group L.P. now owns 450,000 shares of the technology company’s stock valued at $5,589,000 after purchasing an additional 380,570 shares during the period. Allianz Asset Management GmbH raised its stake in Asure Software by 45.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 86,285 shares of the technology company’s stock valued at $1,072,000 after purchasing an additional 27,015 shares during the period. Unterberg Capital LLC raised its stake in Asure Software by 50.0% during the 3rd quarter. Unterberg Capital LLC now owns 300,000 shares of the technology company’s stock valued at $3,726,000 after purchasing an additional 100,000 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Asure Software by 93.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 231,715 shares of the technology company’s stock valued at $2,878,000 after purchasing an additional 111,819 shares during the period. 39.52% of the stock is currently owned by 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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