Asure Software Inc. (ASUR) has recently garnered significant attention from financial analysts, with a notable consensus “Buy” recommendation across six prominent ratings firms. This strong endorsement is underscored by an average twelve-month price target, signaling a positive outlook for the ASUR stock in the near future. The collective sentiment among these experts suggests a compelling investment opportunity within the tech stocks sector.
Drilling down into specific assessments, Barrington Research has maintained an “outperform” rating, setting an ambitious price target of $17.00 for Asure Software shares. In contrast, Needham & Company LLC adjusted their target from $20.00 to $15.00 while reiterating a “buy” rating, indicating varied but still optimistic analyst ratings regarding the company’s valuation and growth trajectory.
Beyond individual analyst views, a substantial presence of institutional investors further highlights confidence in Asure Software. These major players have actively reshaped their holdings, with hedge funds and other institutional entities collectively owning a significant 71.58% of the company’s stock, reflecting deep-seated interest in this tech stocks entity.
Noteworthy shifts in institutional positions include Price T Rowe Associates Inc. MD, which bolstered its stake by 33.1%, acquiring an additional 7,939 shares. Advisor Resource Council and Envestnet Asset Management Inc. both established new, substantial positions in Asure Software, valued at $1.864 million and $239,000 respectively. Barclays PLC and Dimensional Fund Advisors LP also increased their holdings, underscoring broad-based institutional investment analysis and interest.
Examining Asure Software’s market performance, the ASUR stock opened at $8.37, operating with a market capitalization of $227.25 million. Key financial metrics such as a P/E ratio of -14.43, a P/E/G ratio of 0.82, and a beta of 0.41 provide a deeper understanding of its valuation and market volatility. The company also demonstrates a solid balance sheet with a debt-to-equity ratio of 0.03 and quick and current ratios both at 1.03.
Over the past year, Asure Software shares have navigated a range between a 1-year low of $7.51 and a 1-year high of $12.74, illustrating periods of both challenge and recovery. The stock’s movement is further characterized by its 50-day simple moving average at $9.97 and a 200-day simple moving average at $10.23, which are crucial indicators for technical investment analysis.
In its recent quarterly earnings report on May 1st, Asure Software reported earnings per share of $0.12, falling short of analysts’ consensus estimates of $0.18. Despite this miss, the company showcased a positive return on equity of 4.18%, though it maintained a negative net margin of 12.49%. Analysts project a healthier $0.37 earnings per share for the current fiscal year, reflecting anticipated improvements.
At its core, Asure Software Inc. specializes in providing cloud-based Human Capital Management (HCM) software solutions across the United States. Its Software-as-a-Service (SaaS) HR tools are designed to empower small and medium-sized businesses, helping them cultivate a more productive workforce, ensure compliance, and strategically allocate resources for sustainable growth. This focus on cloud solutions positions Asure Software as a key player in essential business technology.
