Asure Software (NASDAQ:ASUR) Raised to “Hold” at ValuEngine

ValuEngine upgraded shares of Asure Software (NASDAQ:ASUR) from a sell rating to a hold rating in a research report report published on Thursday, ValuEngine reports.

Other analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Asure Software from a buy rating to a hold rating in a research report on Wednesday. Barrington Research reaffirmed a buy rating and set a $15.00 price target on shares of Asure Software in a research report on Friday, May 10th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $13.63.

ASUR traded down $0.57 during trading hours on Thursday, hitting $8.39. 354,140 shares of the company’s stock were exchanged, compared to its average volume of 345,509. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.02 and a current ratio of 1.05. The firm has a 50-day moving average price of $8.68. Asure Software has a 1-year low of $4.26 and a 1-year high of $16.39. The company has a market capitalization of $138.03 million, a PE ratio of 19.51, a price-to-earnings-growth ratio of 1.16 and a beta of 1.13.

Asure Software (NASDAQ:ASUR) last posted its quarterly earnings results on Thursday, May 9th. The technology company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.09. Asure Software had a negative net margin of 8.83% and a positive return on equity of 7.46%. The firm had revenue of $26.76 million for the quarter, compared to analyst estimates of $26.04 million. As a group, sell-side analysts anticipate that Asure Software will post 0.41 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its stake in shares of Asure Software by 48.9% in the fourth quarter. Bank of New York Mellon Corp now owns 51,282 shares of the technology company’s stock valued at $260,000 after purchasing an additional 16,846 shares during the period. Geode Capital Management LLC increased its stake in shares of Asure Software by 5.1% in the fourth quarter. Geode Capital Management LLC now owns 132,250 shares of the technology company’s stock valued at $671,000 after purchasing an additional 6,418 shares during the period. Jane Street Group LLC acquired a new stake in shares of Asure Software in the fourth quarter valued at approximately $413,000. Deutsche Bank AG increased its stake in shares of Asure Software by 111.2% in the fourth quarter. Deutsche Bank AG now owns 64,896 shares of the technology company’s stock valued at $328,000 after purchasing an additional 34,163 shares during the period. Finally, Perkins Capital Management Inc. increased its stake in shares of Asure Software by 218.2% during the first quarter. Perkins Capital Management Inc. now owns 70,000 shares of the technology company’s stock valued at $428,000 after acquiring an additional 48,000 shares during the period. 49.25% of the stock is currently owned by hedge funds and other institutional investors.

Asure Software Company Profile

Asure Software, Inc provides cloud-based human capital management and workspace management solutions worldwide. Its product line includes AsureSpace workspace management solutions that enable organizations to optimize their real estate investment, and create a digital workspace that empowers mobile and virtual employees; and AsureForce time and labor management solutions to help organizations optimize their workforce, as well as control labor administration costs and activities.

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Analyst Recommendations for Asure Software (NASDAQ:ASUR)

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