Recent Investment Analysts’ Ratings Changes for Asure Software (ASUR)

by · The Cerbat Gem

Several analysts have recently updated their ratings and price targets for Asure Software (NASDAQ: ASUR):

  • 11/1/2024 – Asure Software had its price target lowered by analysts at Northland Securities from $16.00 to $12.50. They now have an “outperform” rating on the stock.
  • 11/1/2024 – Asure Software had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $20.00 price target on the stock.
  • 10/28/2024 – Asure Software had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $17.00 price target on the stock.
  • 10/22/2024 – Asure Software had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $17.00 price target on the stock.
  • 10/16/2024 – Asure Software is now covered by analysts at Stephens. They set an “overweight” rating and a $13.00 price target on the stock.

Asure Software Price Performance

Shares of NASDAQ:ASUR traded down $0.18 on Monday, reaching $8.33. 99,655 shares of the company were exchanged, compared to its average volume of 154,190. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. Asure Software, Inc. has a 1-year low of $6.30 and a 1-year high of $10.52. The company has a 50-day moving average of $8.98 and a 200-day moving average of $8.44. The firm has a market cap of $220.40 million, a price-to-earnings ratio of -17.72, a price-to-earnings-growth ratio of 0.97 and a beta of 0.52.

Asure Software (NASDAQ:ASUR – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The firm had revenue of $28.04 million during the quarter, compared to analysts’ expectations of $28.56 million. Asure Software had a negative net margin of 10.54% and a positive return on equity of 3.77%. Equities analysts forecast that Asure Software, Inc. will post 0.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CRO Eyal Goldstein sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $8.44, for a total value of $84,400.00. Following the completion of the transaction, the executive now owns 239,243 shares of the company’s stock, valued at approximately $2,019,210.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Asure Software news, CRO Eyal Goldstein sold 10,000 shares of Asure Software stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $8.44, for a total value of $84,400.00. Following the completion of the sale, the executive now directly owns 239,243 shares of the company’s stock, valued at approximately $2,019,210.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel M. Gill sold 5,000 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $8.69, for a total value of $43,450.00. Following the transaction, the director now directly owns 28,165 shares in the company, valued at approximately $244,753.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.90% of the company’s stock.

Hedge Funds Weigh In On Asure Software

Hedge funds have recently made changes to their positions in the stock. Capstone Investment Advisors LLC raised its position in shares of Asure Software by 9.0% in the 1st quarter. Capstone Investment Advisors LLC now owns 21,800 shares of the technology company’s stock worth $170,000 after buying an additional 1,800 shares during the period. Rhumbline Advisers boosted its stake in shares of Asure Software by 11.4% during the 2nd quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock valued at $242,000 after buying an additional 2,948 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Asure Software by 45.1% in the first quarter. BNP Paribas Financial Markets now owns 10,929 shares of the technology company’s stock worth $85,000 after buying an additional 3,398 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Asure Software by 21.2% during the second quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock worth $228,000 after purchasing an additional 4,756 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in Asure Software by 8.2% in the first quarter. Empowered Funds LLC now owns 67,168 shares of the technology company’s stock worth $523,000 after purchasing an additional 5,075 shares in the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.

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.

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