Asure Software (NASDAQ:ASUR) Coverage Initiated at Stephens

Investment analysts at Stephens initiated coverage on shares of Asure Software (NASDAQ:ASUR) in a research note issued on Wednesday, Marketbeat reports. The firm set an “overweight” rating and a $13.00 price target on the technology company’s stock. Stephens’ price target would indicate a potential upside of 40.85% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Barrington Research reaffirmed an “outperform” rating and set a $17.00 target price on shares of Asure Software in a research note on Friday, July 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 target price on shares of Asure Software in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.33.

Asure Software Stock Performance

Shares of ASUR stock opened at $9.23 on Wednesday. The firm’s 50 day moving average price is $8.71 and its 200-day moving average price is $8.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. Asure Software has a one year low of $6.30 and a one year high of $10.52. The firm has a market cap of $244.23 million, a P/E ratio of -21.98, a P/E/G ratio of 0.84 and a beta of 0.55.

Asure Software (NASDAQ:ASUR) last announced its earnings results on Thursday, August 1st. The technology company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). Asure Software had a positive return on equity of 3.75% and a negative net margin of 9.07%. The business had revenue of $28.04 million for the quarter, compared to analysts’ expectations of $28.56 million. As a group, equities research analysts predict that Asure Software will post 0.49 EPS for the current year.

Insider Buying and Selling at Asure Software

In other Asure Software news, Director Daniel M. Gill sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $8.69, for a total value of $43,450.00. Following the sale, the director now directly owns 28,165 shares of the company’s stock, valued at approximately $244,753.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Asure Software news, Director Daniel M. Gill sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $8.69, for a total value of $43,450.00. Following the sale, the director now directly owns 28,165 shares of the company’s stock, valued at approximately $244,753.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CRO Eyal Goldstein sold 10,000 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $8.44, for a total transaction of $84,400.00. Following the completion of the transaction, the executive now directly owns 239,243 shares in the company, valued at $2,019,210.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Asure Software by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 1,181,423 shares of the technology company’s stock valued at $9,191,000 after buying an additional 71,495 shares during the last quarter. Swedbank AB grew its position in shares of Asure Software by 16.7% in the 2nd quarter. Swedbank AB now owns 700,000 shares of the technology company’s stock valued at $5,880,000 after buying an additional 100,000 shares during the last quarter. Boston Partners grew its position in shares of Asure Software by 43.3% in the 1st quarter. Boston Partners now owns 243,710 shares of the technology company’s stock valued at $1,896,000 after buying an additional 73,633 shares during the last quarter. Rice Hall James & Associates LLC purchased a new position in shares of Asure Software in the 2nd quarter valued at $782,000. Finally, Pacific Ridge Capital Partners LLC grew its position in shares of Asure Software by 7.9% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company’s stock valued at $6,334,000 after buying an additional 55,123 shares during the last quarter. 71.58% of the stock is owned by hedge funds and other institutional investors.

Asure Software Company Profile

Asure Software, Inc engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States. It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build productive workforce to help them stay compliant and allocate resources to grow their business.