Media coverage about Asure Software (NASDAQ:ASUR) has trended somewhat positive recently, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Asure Software earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.4525341137338 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several brokerages have issued reports on ASUR. Barrington Research reiterated a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a research report on Monday, March 12th. Lake Street Capital lifted their price objective on Asure Software to $20.00 and gave the company a “buy” rating in a research report on Thursday, May 10th. Canaccord Genuity reiterated a “buy” rating on shares of Asure Software in a research report on Thursday, May 17th. ValuEngine downgraded Asure Software from a “buy” rating to a “hold” rating in a research report on Wednesday, May 23rd. Finally, Zacks Investment Research upgraded Asure Software from a “sell” rating to a “hold” rating in a research report on Monday, June 18th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $20.00.
Asure Software traded up $0.08, reaching $17.20, on Friday, Marketbeat reports. The company’s stock had a trading volume of 1,297,422 shares, compared to its average volume of 181,032. Asure Software has a 1-year low of $9.89 and a 1-year high of $19.78. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 1.65. The stock has a market cap of $256.76 million, a price-to-earnings ratio of 38.04, a PEG ratio of 0.88 and a beta of 1.25.
Asure Software (NASDAQ:ASUR) last posted its earnings results on Wednesday, May 9th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. The firm had revenue of $19.30 million during the quarter, compared to analysts’ expectations of $18.23 million. Asure Software had a positive return on equity of 9.04% and a negative net margin of 10.45%. sell-side analysts forecast that Asure Software will post 0.7 earnings per share for the current year.
In other news, Director Daniel M. Gill sold 500,000 shares of the company’s stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $16.45, for a total transaction of $8,225,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 18.20% of the stock is owned by corporate insiders.
About Asure Software
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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