Asure Software Inc (NASDAQ:ASUR) Stock Has Average Target Price of $13.00

by · The Markets Daily

Shares of Asure Software Inc (NASDAQ:ASUR – Get Free Report) have received an average rating of “Moderate Buy” from the five analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $13.00.

ASUR has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Asure Software from a “hold” rating to a “buy” rating in a research report on Monday, September 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Asure Software in a research note on Tuesday. Finally, Stephens initiated coverage on shares of Asure Software in a research report on Friday, September 4th. They issued an “overweight” rating and a $11.00 price objective on the stock.

Get Our Latest Analysis on ASUR

Asure Software Stock Performance

NASDAQ ASUR opened at $7.68 on Tuesday. The company has a market cap of $221.80 million, a P/E ratio of -26.48, a P/E/G ratio of 0.90 and a beta of 0.55. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.05 and a current ratio of 1.06. The business’s 50 day moving average price is $8.45 and its 200-day moving average price is $8.50. Asure Software has a fifty-two week low of $6.80 and a fifty-two week high of $10.20.

Insider Buying and Selling at Asure Software

In other news, Director Bjorn Reynolds sold 15,420 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $8.35, for a total value of $128,757.00. Following the sale, the director directly owned 31,162 shares in the company, valued at approximately $260,202.70. This represents a 33.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 8.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC boosted its stake in shares of Asure Software by 344.8% during the second quarter. Squarepoint Ops LLC now owns 53,920 shares of the technology company’s stock valued at $428,000 after purchasing an additional 41,798 shares in the last quarter. Bank of America Corp DE purchased a new stake in Asure Software during the second quarter valued at approximately $348,000. Jupiter Topco LLC acquired a new stake in Asure Software in the second quarter valued at approximately $14,537,000. Ancora Advisors LLC acquired a new stake in Asure Software in the second quarter valued at approximately $79,000. Finally, S Squared Technology LLC purchased a new position in Asure Software in the second quarter worth $3,170,918. Hedge funds and other institutional investors own 71.58% of the company’s stock.

Asure Software Company Profile

(Get Free Report)

Asure Software, Inc (NASDAQ: ASUR) provides cloud-based human capital management (HCM) software and services for small and midsize businesses. Its platform is designed to help employers manage payroll, payroll tax compliance, human resources, time and attendance, employee onboarding, benefits administration, and workforce-related processes.

The company offers integrated tools for payroll processing, employee self-service, recruiting and onboarding, performance management, time tracking, and workforce management.

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