TheStreet upgraded shares of Asure Software (NASDAQ:ASUR – Get Rating) from a d+ rating to a c- rating in a research report released on Monday, TheStreetRatingsTable reports.
A number of other analysts also recently issued reports on the company. Cowen raised their price objective on Asure Software to $8.00 in a research report on Tuesday, November 15th. Craig Hallum lifted their price target on shares of Asure Software to $10.00 in a research report on Tuesday, November 15th. Finally, StockNews.com began coverage on shares of Asure Software in a research report on Wednesday, October 12th. They set a hold rating for the company.
Asure Software Stock Performance
NASDAQ:ASUR opened at $8.78 on Monday. The company’s 50-day moving average is $6.26 and its two-hundred day moving average is $5.83. The firm has a market capitalization of $177.01 million, a price-to-earnings ratio of -9.98 and a beta of 0.84. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.03 and a quick ratio of 1.02. Asure Software has a 1-year low of $4.87 and a 1-year high of $8.85.
Asure Software (NASDAQ:ASUR – Get Rating) last posted its earnings results on Monday, November 7th. The technology company reported earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.05. Asure Software had a negative return on equity of 0.89% and a negative net margin of 20.21%. The company had revenue of $21.90 million during the quarter, compared to analysts’ expectations of $21.23 million. Analysts forecast that Asure Software will post -0.1 EPS for the current year.
Hedge Funds Weigh In On Asure Software
A number of hedge funds and other institutional investors have recently bought and sold shares of ASUR. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Asure Software during the 3rd quarter valued at about $59,000. Cambridge Investment Research Advisors Inc. raised its holdings in Asure Software by 16.2% in the first 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. Renaissance Technologies LLC lifted its stake in Asure Software by 10.3% in the third quarter. Renaissance Technologies LLC now owns 26,800 shares of the technology company’s stock worth $153,000 after acquiring an additional 2,500 shares during the last quarter. Northern Trust Corp lifted its stake in Asure Software by 14.8% in the first quarter. Northern Trust Corp now owns 37,499 shares of the technology company’s stock worth $222,000 after acquiring an additional 4,830 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Asure Software by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 38,875 shares of the technology company’s stock worth $232,000 after acquiring an additional 1,909 shares during the last quarter. 64.59% 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 solutions in 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; Assure (human resource) HR, a cloud-based functionality that handles HR complexities, such as employee self-service that enables employees to access information, pay history, and company documents; and Asure Time & Attendance that provides cost savings and returns on investment gains come in the form of strategic use of labor dollars and the elimination of time theft.
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