Asure Software, Inc. (NASDAQ:ASUR) Given Average Recommendation of “Buy” by Brokerages

Shares of Asure Software, Inc. (NASDAQ:ASUR) have earned a consensus recommendation of “Buy” from the seven brokerages that are covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $14.17.

A number of brokerages have recently commented on ASUR. Lake Street Capital raised shares of Asure Software from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Barrington Research reaffirmed an “outperform” rating and set a $17.00 target price on shares of Asure Software in a research report on Friday, March 7th. Northland Securities increased their price target on Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Needham & Company LLC restated a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a report on Friday, March 7th. Finally, Stephens reiterated an “overweight” rating and set a $13.00 target price on shares of Asure Software in a report on Friday, March 7th.

Asure Software Trading Down 1.7 %

Shares of ASUR opened at $9.78 on Friday. The firm has a market capitalization of $263.85 million, a price-to-earnings ratio of -20.81, a PEG ratio of 1.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. Asure Software has a 1-year low of $6.89 and a 1-year high of $12.74. The company has a 50-day moving average of $11.03 and a 200 day moving average of $9.97.

Insider Activity at Asure Software

In related news, Director Grace G. Lee sold 7,500 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $9.51, for a total transaction of $71,325.00. Following the completion of the sale, the director now owns 32,215 shares of the company’s stock, valued at $306,364.65. This represents a 18.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 8.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ASUR. FMR LLC grew its position in Asure Software by 350.8% during the 3rd quarter. FMR LLC now owns 6,681 shares of the technology company’s stock worth $60,000 after purchasing an additional 5,199 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Asure Software in the fourth quarter worth $104,000. PNC Financial Services Group Inc. lifted its stake in shares of Asure Software by 66.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company’s stock worth $120,000 after buying an additional 5,096 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Asure Software by 29.7% during the fourth quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company’s stock valued at $143,000 after buying an additional 3,480 shares during the last quarter. Finally, Deutsche Bank AG increased its position in shares of Asure Software by 49.6% in the 4th quarter. Deutsche Bank AG now owns 18,625 shares of the technology company’s stock valued at $175,000 after acquiring an additional 6,175 shares during the period. 71.58% of the stock is owned by institutional investors and hedge funds.

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.