Asure Software Inc (ASUR) Sees Strong Trading Volume
Asure Software Inc (NASDAQ:ASUR) saw unusually-high trading volume on Monday . Approximately 217,000 shares were traded 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 several research reports. Cowen and Company started coverage on shares of Asure Software in a research note on Wednesday, September 6th. They set an “outperform” rating and a $16.00 price objective for the company. Canaccord Genuity restated a “buy” rating and set a $18.00 target price on shares of Asure Software in a report on Monday, August 14th. Scotiabank lowered shares of Asure Software from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 7th. Dougherty & Co started coverage on shares of Asure Software in a report on Tuesday, October 31st. They set a “buy” rating and a $17.00 target price on the stock. Finally, Zacks Investment Research lowered shares of Asure Software from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $16.57.
The company has a current ratio of 1.40, a quick ratio of 1.39 and a debt-to-equity ratio of 1.05. The company has a market cap of $145.58, a price-to-earnings ratio of 53.27, a price-to-earnings-growth ratio of 0.99 and a beta of 1.10.
Asure Software (NASDAQ:ASUR) last posted its earnings results on Monday, August 14th. The technology company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.06). Asure Software had a negative net margin of 5.73% and a positive return on equity of 6.93%. The business had revenue of $12.88 million for the quarter, compared to analyst estimates of $12.23 million. equities analysts expect that Asure Software Inc will post 0.47 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of ASUR. Cambridge Investment Research Advisors Inc. acquired a new position in Asure Software in the 3rd quarter worth $135,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in Asure Software in the 2nd quarter worth $161,000. Monarch Partners Asset Management LLC acquired a new position in Asure Software in the 2nd quarter worth $243,000. Northern Trust Corp lifted its holdings in Asure Software by 37.8% in the 2nd quarter. Northern Trust Corp now owns 24,419 shares of the technology company’s stock worth $357,000 after buying an additional 6,692 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in Asure Software in the 1st quarter worth $519,000. Hedge funds and other institutional investors own 41.18% of the company’s stock.
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About Asure Software
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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