Asure Software Inc (NASDAQ:ASUR) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $5.90 and last traded at $6.27, with a volume of 11381 shares trading hands. The stock had previously closed at $6.07.

A number of research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Asure Software from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. ValuEngine cut shares of Asure Software from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 10th. Needham & Company LLC lowered their price target on shares of Asure Software from $20.00 to $12.00 and set a “buy” rating for the company in a research report on Monday. Barrington Research set a $25.00 price target on shares of Asure Software and gave the company a “buy” rating in a research report on Thursday, August 23rd. Finally, Lake Street Capital set a $15.00 price target on shares of Asure Software and gave the company a “buy” rating in a research report on Friday, November 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $16.33.

The company has a market cap of $106.71 million, a price-to-earnings ratio of 13.96, a PEG ratio of 0.46 and a beta of 1.10. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.52 and a current ratio of 1.18.

Asure Software (NASDAQ:ASUR) last released its quarterly earnings data on Friday, November 9th. The technology company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). The firm had revenue of $23.46 million for the quarter, compared to the consensus estimate of $24.75 million. Asure Software had a negative net margin of 13.56% and a positive return on equity of 8.21%. Equities analysts forecast that Asure Software Inc will post 0.56 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. Cynosure Advisors LLC bought a new stake in shares of Asure Software in the second quarter worth approximately $201,000. Engineers Gate Manager LP bought a new stake in shares of Asure Software in the second quarter worth approximately $227,000. Verity Asset Management Inc. bought a new stake in shares of Asure Software in the third quarter worth approximately $228,000. Citadel Advisors LLC bought a new stake in shares of Asure Software in the third quarter worth approximately $235,000. Finally, New Jersey Better Educational Savings Trust bought a new stake in shares of Asure Software in the third quarter worth approximately $273,000. Institutional investors and hedge funds own 61.46% of the company’s stock.

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Asure Software Company Profile (NASDAQ:ASUR)

Asure Software Inc provides cloud-based software-as-a-service time and labor management, and workspace management solutions worldwide. The company's product line includes AsureSpace workplace management solutions that enable organizations to manage their office environments and optimize real estate utilization; and AsureForce time and labor management solutions to help organizations optimize workforce, as well as control labor administration costs and activities.

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