Investment analysts at Lake Street Capital started coverage on shares of Asure Software Inc. (NASDAQ:ASUR) in a report issued on Monday, The Fly reports. The firm set a “buy” rating on the stock.
Several other brokerages have also recently weighed in on ASUR. TheStreet raised Asure Software from a “sell” rating to a “hold” rating in a research note on Tuesday, September 27th. Zacks Investment Research raised Asure Software from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 13th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $6.50.
Asure Software (NASDAQ:ASUR) opened at 6.88 on Monday. The firm’s 50 day moving average price is $6.10 and its 200 day moving average price is $5.27. The firm’s market cap is $44.83 million. Asure Software has a 52-week low of $4.28 and a 52-week high of $7.24.
Asure Software (NASDAQ:ASUR) last issued its quarterly earnings results on Monday, August 15th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.17. The company earned $9.70 million during the quarter, compared to analysts’ expectations of $7.20 million. Asure Software had a negative return on equity of 23.43% and a negative net margin of 9.35%. Equities research analysts anticipate that Asure Software will post $0.19 EPS for the current fiscal year.
In other Asure Software news, CEO Patrick Goepel bought 50,000 shares of the business’s stock in a transaction that occurred on Friday, September 2nd. The shares were bought at an average price of $5.29 per share, for a total transaction of $264,500.00. Following the transaction, the chief executive officer now directly owns 650,097 shares in the company, valued at $3,439,013.13. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 27.00% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Asure Software by 0.5% in the second quarter. Vanguard Group Inc. now owns 82,997 shares of the company’s stock valued at $391,000 after buying an additional 373 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Asure Software by 0.6% in the first quarter. Renaissance Technologies LLC now owns 255,476 shares of the company’s stock valued at $1,369,000 after buying an additional 1,600 shares during the last quarter. Finally, FMR LLC raised its position in shares of Asure Software by 4.0% in the second quarter. FMR LLC now owns 349,719 shares of the company’s stock valued at $1,647,000 after buying an additional 13,600 shares during the last quarter. Institutional investors and hedge funds own 21.40% of the company’s stock.
Asure Software Company Profile
Asure Software, Inc is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces.