StockNews.com assumed coverage on shares of Asure Software (NASDAQ:ASUR – Get Rating) in a research report issued on Friday. The firm set a “hold” rating on the technology company’s stock.
Separately, TheStreet cut Asure Software from a “c-” rating to a “d+” rating in a research report on Thursday, April 14th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Asure Software presently has a consensus rating of “Buy” and a consensus target price of $12.50.
Shares of Asure Software stock opened at $5.95 on Friday. The stock has a market cap of $119.21 million, a PE ratio of 33.06 and a beta of 0.97. The business has a fifty-day simple moving average of $6.24 and a 200-day simple moving average of $7.36. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.21. Asure Software has a 12 month low of $5.50 and a 12 month high of $9.94.
Asure Software (NASDAQ:ASUR – Get Rating) last issued its earnings results on Monday, May 9th. The technology company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.06 by $0.05. The business had revenue of $24.33 million during the quarter, compared to analysts’ expectations of $23.60 million. Asure Software had a negative return on equity of 0.32% and a net margin of 4.20%. During the same quarter last year, the firm posted $0.09 earnings per share. Analysts expect that Asure Software will post -0.1 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in ASUR. Royal Bank of Canada raised its holdings in shares of Asure Software by 31.2% during the second quarter. Royal Bank of Canada now owns 6,312 shares of the technology company’s stock worth $56,000 after acquiring an additional 1,500 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Asure Software by 16.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,500 shares of the technology company’s stock valued at $128,000 after acquiring an additional 3,000 shares in the last quarter. DE Shaw & Co. Inc. increased its position in Asure Software by 29.2% during the fourth quarter. DE Shaw & Co. Inc. now owns 19,192 shares of the technology company’s stock worth $150,000 after purchasing an additional 4,340 shares during the period. Cim Investment Management Inc. increased its position in Asure Software by 99.6% during the third quarter. Cim Investment Management Inc. now owns 23,925 shares of the technology company’s stock worth $216,000 after purchasing an additional 11,939 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Asure Software by 5.2% during the first quarter. Bank of New York Mellon Corp now owns 38,875 shares of the technology company’s stock worth $232,000 after purchasing an additional 1,909 shares during the period. Institutional investors and hedge funds own 64.47% of the company’s stock.
About Asure Software (GetRating)
Asure Software, Inc provides cloud-based human capital management solutions the United States. It helps various small and mid-sized businesses to build productive teams to help them stay compliant and allocate resources to grow their business. The company’s solutions include Asure Payroll & Tax, an integrated cloud-based solution automates regulations associated with payroll and taxes, including wages, benefits, overtime, garnishments, tips, direct deposits, and fair labor standard act, as well as federal, state, and local payroll taxes; Asure (human resource) HR, a cloud-based functionality that handles HR complexities, such as employee self-service that enable employees to access information, pay history, and company documents; and Assure Time & Attendance that provides cost savings and return on investment gains come in the form of strategic use of labor dollars and the elimination of time theft.
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