Asure Software (NASDAQ:ASUR) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Wednesday.
A number of other brokerages have also recently weighed in on ASUR. Barrington Research set a $20.00 price target on shares of Asure Software and gave the stock a “buy” rating in a research note on Sunday, March 18th. Lake Street Capital increased their price target on shares of Asure Software to $20.00 and gave the stock a “buy” rating in a research note on Thursday, May 10th. Zacks Investment Research upgraded shares of Asure Software from a “sell” rating to a “hold” rating in a research note on Friday, April 6th. Canaccord Genuity restated a “buy” rating on shares of Asure Software in a research note on Thursday, May 17th. Finally, Needham & Company LLC started coverage on shares of Asure Software in a research note on Monday, April 23rd. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $20.00.
NASDAQ:ASUR traded up $0.06 during trading hours on Wednesday, reaching $16.66. 260,100 shares of the company’s stock were exchanged, compared to its average volume of 157,569. The stock has a market cap of $210.56 million, a P/E ratio of 37.02, a P/E/G ratio of 0.88 and a beta of 1.24. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.14 and a quick ratio of 1.13. Asure Software has a 1-year low of $9.89 and a 1-year high of $19.78.
Asure Software (NASDAQ:ASUR) last issued its quarterly earnings results on Wednesday, May 9th. The technology company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.05. The firm had revenue of $19.30 million during the quarter, compared to analysts’ expectations of $18.23 million. Asure Software had a negative net margin of 10.45% and a positive return on equity of 9.04%. sell-side analysts expect that Asure Software will post 0.69 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC acquired a new stake in shares of Asure Software in the 4th quarter worth $1,683,000. AWM Investment Company Inc. increased its holdings in shares of Asure Software by 13.4% in the 4th quarter. AWM Investment Company Inc. now owns 311,413 shares of the technology company’s stock valued at $4,397,000 after purchasing an additional 36,746 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Asure Software in the 4th quarter valued at about $231,000. Unterberg Capital LLC increased its holdings in shares of Asure Software by 6.7% in the 4th quarter. Unterberg Capital LLC now owns 320,000 shares of the technology company’s stock valued at $4,518,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Asure Software by 93.3% in 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 in the last quarter. Institutional investors own 52.10% 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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