Asure Software Inc. (ASUR) Receives New Coverage from Analysts at Lake Street Capital
Several other equities analysts also recently weighed in on the company. Zacks Investment Research raised Asure Software from a strong sell rating to a hold rating in a research note on Wednesday, July 13th. TheStreet raised Asure Software from a sell rating to a hold rating in a research note on Tuesday, September 27th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $7.38.
Asure Software (NASDAQ:ASUR) opened at 6.87 on Monday. The stock has a 50 day moving average price of $6.14 and a 200 day moving average price of $5.28. Asure Software has a 52 week low of $4.28 and a 52 week high of $7.24. The firm’s market cap is $44.76 million.
Asure Software (NASDAQ:ASUR) last posted its quarterly earnings results on Monday, August 15th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.17. The business 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 expect that Asure Software will post $0.19 EPS for the current year.
In other news, CEO Patrick Goepel acquired 50,000 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The stock was purchased at an average cost of $5.29 per share, with a total value of $264,500.00. Following the purchase, the chief executive officer now directly owns 650,097 shares of the company’s stock, valued at approximately $3,439,013.13. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 27.00% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in ASUR. FMR LLC increased its position in 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. Renaissance Technologies LLC increased its position in 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, Vanguard Group Inc. increased its position in 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. 21.40% of the stock is owned by institutional investors.
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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