Asure Software Inc (ASUR) Sees Large Volume Increase
Asure Software Inc (NASDAQ:ASUR) shares saw unusually-high trading volume on Monday . Approximately 217,000 shares traded hands during trading, an increase of 71% from the previous session’s volume of 126,537 shares.The stock last traded at $11.72 and had previously closed at $10.93.
ASUR has been the subject of a number of research analyst reports. Northland Securities set a $18.00 target price on Asure Software and gave the company a “buy” rating in a report on Tuesday, August 15th. Canaccord Genuity restated a “buy” rating and issued a $18.00 price target on shares of Asure Software in a research report on Monday, August 14th. Dougherty & Co initiated coverage on Asure Software in a research report on Tuesday, October 31st. They issued a “buy” rating and a $17.00 price target for the company. Zacks Investment Research upgraded Asure Software from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, Cowen and Company initiated coverage on Asure Software in a research report on Wednesday, September 6th. They issued an “outperform” rating and a $16.00 price target for the company. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $16.57.
The firm has a market cap of $165.06, a PE ratio of 50.92, a price-to-earnings-growth ratio of 1.11 and a beta of 1.10. The company has a quick ratio of 1.39, a current ratio of 1.40 and a debt-to-equity ratio of 1.05.
Asure Software (NASDAQ:ASUR) last issued its quarterly earnings data on Monday, August 14th. The technology company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.06). The business had revenue of $12.88 million during the quarter, compared to analysts’ expectations of $12.23 million. Asure Software had a positive return on equity of 8.53% and a negative net margin of 8.28%. equities research analysts predict that Asure Software Inc will post 0.47 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. Timpani Capital Management LLC grew its position in Asure Software by 143.3% in the second quarter. Timpani Capital Management LLC now owns 142,622 shares of the technology company’s stock worth $2,084,000 after acquiring an additional 84,009 shares during the period. Pacific Ridge Capital Partners LLC lifted its stake in Asure Software by 29.1% during the second quarter. Pacific Ridge Capital Partners LLC now owns 377,917 shares of the technology company’s stock worth $5,521,000 after purchasing an additional 85,140 shares in the last quarter. Unterberg Capital LLC acquired a new position in Asure Software during the second quarter worth $2,922,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in Asure Software during the second quarter worth $161,000. Finally, Prudential PLC acquired a new position in Asure Software during the second quarter worth $3,287,000. Institutional investors own 41.18% of the company’s stock.
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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.
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