Asure Software (NASDAQ:ASUR) Shares Up 8.3%

Asure Software Inc (NASDAQ:ASUR)’s share price shot up 8.3% during trading on Friday . The company traded as high as $8.23 and last traded at $8.23. 508,762 shares traded hands during trading, an increase of 107% from the average session volume of 246,016 shares. The stock had previously closed at $7.60.

A number of research firms recently commented on ASUR. Zacks Investment Research upgraded Asure Software from a “hold” rating to a “strong-buy” rating and set a $8.00 price objective for the company in a research report on Thursday, May 16th. Barrington Research reiterated a “buy” rating and set a $15.00 price objective on shares of Asure Software in a research report on Friday, May 10th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $13.00 price objective on shares of Asure Software in a research report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $13.63.

The stock’s fifty day moving average price is $7.00. The company has a current ratio of 1.05, a quick ratio of 1.02 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $126.78 million, a price-to-earnings ratio of 19.14, a P/E/G ratio of 0.89 and a beta of 0.98.

Asure Software (NASDAQ:ASUR) last released its quarterly earnings results on Thursday, May 9th. The technology company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.09. Asure Software had a positive return on equity of 7.46% and a negative net margin of 8.83%. The business had revenue of $26.76 million during the quarter, compared to analyst estimates of $26.04 million. On average, sell-side analysts forecast that Asure Software Inc will post 0.39 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in ASUR. Weber Alan W purchased a new stake in Asure Software in the first quarter valued at approximately $367,000. S Squared Technology LLC purchased a new stake in shares of Asure Software during the first quarter worth $474,000. Pacific Ridge Capital Partners LLC increased its position in shares of Asure Software by 48.3% during the first quarter. Pacific Ridge Capital Partners LLC now owns 796,356 shares of the technology company’s stock worth $4,866,000 after acquiring an additional 259,531 shares during the period. Royce & Associates LP purchased a new stake in shares of Asure Software during the first quarter worth $2,344,000. Finally, First Interstate Bank increased its position in shares of Asure Software by 28.5% during the first quarter. First Interstate Bank now owns 23,900 shares of the technology company’s stock worth $146,000 after acquiring an additional 5,300 shares during the period. 49.29% of the stock is owned by institutional investors and hedge funds.

About Asure Software (NASDAQ:ASUR)

Asure Software, Inc provides cloud-based human capital management and workspace management solutions worldwide. Its product line includes AsureSpace workspace management solutions that enable organizations to optimize their real estate investment, and create a digital workspace that empowers mobile and virtual employees; and AsureForce time and labor management solutions to help organizations optimize their workforce, as well as control labor administration costs and activities.

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