Asure Software (ASUR) Sets New 1-Year Low at $5.90

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

A number of equities analysts have recently commented on the company. Dougherty & Co downgraded Asure Software from a “buy” rating to a “neutral” rating in a report on Tuesday. Craig Hallum cut their price objective on Asure Software from $21.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, November 12th. Barrington Research cut their price objective on Asure Software from $25.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, November 12th. Canaccord Genuity cut their price objective on Asure Software from $22.00 to $13.00 and set a “buy” rating on the stock in a report on Monday, November 12th. Finally, Needham & Company LLC cut their price objective on Asure Software from $20.00 to $12.00 and set a “buy” rating on the stock in a report on Monday, November 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Asure Software presently has a consensus rating of “Buy” and a consensus price target of $16.33.

The firm has a market cap of $90.96 million, a P/E ratio of 12.13, a PEG ratio of 0.44 and a beta of 1.10. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.18 and a quick ratio of 1.52.

Asure Software (NASDAQ:ASUR) last announced its earnings results on Friday, November 9th. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02). The company had revenue of $23.46 million for the quarter, compared to analysts’ expectations of $24.75 million. Asure Software had a negative net margin of 13.56% and a positive return on equity of 8.21%. Analysts expect that Asure Software Inc will post 0.46 EPS for the current year.

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of Asure Software by 2.7% during the 3rd quarter. BlackRock Inc. now owns 705,702 shares of the technology company’s stock valued at $8,765,000 after buying an additional 18,444 shares during the period. PenderFund Capital Management Ltd. grew its stake in Asure Software by 102.8% during the 3rd quarter. PenderFund Capital Management Ltd. now owns 558,751 shares of the technology company’s stock valued at $7,798,000 after purchasing an additional 283,200 shares in the last quarter. Skylands Capital LLC grew its stake in Asure Software by 17.2% during the 3rd quarter. Skylands Capital LLC now owns 371,034 shares of the technology company’s stock valued at $4,608,000 after purchasing an additional 54,584 shares in the last quarter. Unterberg Capital LLC acquired a new stake in Asure Software during the 3rd quarter valued at approximately $4,223,000. Finally, Cortina Asset Management LLC grew its stake in Asure Software by 79.2% during the 2nd quarter. Cortina Asset Management LLC now owns 317,959 shares of the technology company’s stock valued at $5,071,000 after purchasing an additional 140,498 shares in the last quarter. Institutional investors and hedge funds own 61.46% of the company’s stock.

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About Asure Software (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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