Asure Software (NASDAQ:ASUR) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Monday, April 2nd.
Several other brokerages have also commented on ASUR. Barrington Research set a $20.00 price target on Asure Software and gave the stock a “buy” rating in a research note on Sunday, March 18th. Cowen upped their target price on Asure Software from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Tuesday, December 19th. Dougherty & Co reaffirmed a “buy” rating and issued a $18.00 target price (up previously from $17.00) on shares of Asure Software in a research note on Wednesday, January 3rd. Canaccord Genuity reaffirmed a “buy” rating and issued a $20.00 target price on shares of Asure Software in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research lowered Asure Software from a “hold” rating to a “sell” rating in a research note on Thursday, March 22nd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $18.50.
ASUR stock traded up $0.34 during trading on Monday, hitting $14.58. The company had a trading volume of 86,267 shares, compared to its average volume of 146,443. Asure Software has a 1-year low of $9.85 and a 1-year high of $17.53. The stock has a market capitalization of $175.42, a PE ratio of 43.56, a price-to-earnings-growth ratio of 0.67 and a beta of 1.23. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.05.
Several hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp increased its holdings in shares of Asure Software by 37.8% during the 2nd quarter. Northern Trust Corp now owns 24,419 shares of the technology company’s stock worth $357,000 after buying an additional 6,692 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in Asure Software during the 4th quarter worth $150,000. Monashee Investment Management LLC purchased a new stake in Asure Software during the 4th quarter worth $151,000. Russell Investments Group Ltd. boosted its position in Asure Software by 2.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 479,629 shares of the technology company’s stock worth $5,956,000 after purchasing an additional 13,279 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Asure Software during the 4th quarter worth $231,000. Institutional investors and hedge funds own 52.02% 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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