Price Don’t Lie: Could Asure Software Inc Lose its Strength? The Stock Reaches 52-Week High

Price Don't Lie: Could Asure Software Inc Lose its Strength? The Stock Reaches 52 Week High

The stock of Asure Software Inc (NASDAQ:ASUR) hit a new 52-week high and has $13.63 target or 67.00% above today’s $8.16 share price. The 9 months bullish chart indicates low risk for the $55.79M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $13.63 price target is reached, the company will be worth $37.38 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 26,708 shares traded hands. Asure Software Inc (NASDAQ:ASUR) has risen 46.03% since April 15, 2016 and is uptrending. It has outperformed by 41.40% the S&P500.

Analysts await Asure Software Inc (NASDAQ:ASUR) to report earnings on November, 21. They expect $0.08 earnings per share, up 188.89% or $0.17 from last year’s $-0.09 per share. ASUR’s profit will be $546,961 for 25.50 P/E if the $0.08 EPS becomes a reality. After $0.15 actual earnings per share reported by Asure Software Inc for the previous quarter, Wall Street now forecasts -46.67% negative EPS growth.

Asure Software Inc (NASDAQ:ASUR) Ratings Coverage

Out of 5 analysts covering Asure Software (NASDAQ:ASUR), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $12 is the highest target while $7.0 is the lowest. The $9.20 average target is 12.75% above today’s ($8.16) stock price. Asure Software has been the topic of 7 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Tuesday, November 17 by Northland Capital. The stock of Asure Software Inc (NASDAQ:ASUR) earned “Outperform” rating by Barrington Research on Tuesday, November 1. Zacks upgraded it to “Hold” rating and $7 target price in Friday, August 14 report. The stock of Asure Software Inc (NASDAQ:ASUR) earned “Buy” rating by Wunderlich on Friday, October 28. The company was initiated on Monday, October 17 by Lake Street. Barrington Research maintained the shares of ASUR in a report on Tuesday, November 17 with “Outperform” rating.

According to Zacks Investment Research, “Asure Software Inc., formerly Forgent Networks, Inc., is a provider of Web-based workforce management solutions. It offers Web-based workforce management solutions that enable organizations to manage their office environment, as well as their human resource and payroll processes. The Company offers its workforce management solutions under two product lines: NetSimplicity and iEmployee. Asure’s suite includes products to optimize workforce time and attendance tracking, benefits enrollment and tracking, pay stubs and W2 documentation, expense management, meeting and event management, and asset tracking. The company delivers easy-to-use, easy-to-deploy software products that serve small and medium-sized organizations and divisions of Fortune and Global 1000 enterprises. It focuses on developing products that deliver enterprise-class productivity enhancements at an affordable price such that any size organization can enjoy the benefits of its solutions.”

Insitutional Activity: The institutional sentiment decreased to 0.8 in Q2 2016. Its down 1.87, from 2.67 in 2016Q1. The ratio dived, as 2 funds sold all Asure Software Inc shares owned while 3 reduced positions. 0 funds bought stakes while 4 increased positions. They now own 1.39 million shares or 2.21% less from 1.42 million shares in 2016Q1.
California Pub Employees Retirement Sys has 33,555 shares for 0% of their US portfolio. Blackrock Institutional Tru Na last reported 50,851 shares in the company. Fmr Limited Company has 349,719 shares for 0% of their US portfolio. Deutsche National Bank & Trust Ag accumulated 165 shares or 0% of the stock. Jfs Wealth Advsrs Ltd Liability Company last reported 0% of its portfolio in the stock. Moreover, Savings Bank Of America De has 0% invested in Asure Software Inc (NASDAQ:ASUR) for 155 shares. Bard Associates Inc has invested 0.33% of its portfolio in Asure Software Inc (NASDAQ:ASUR). Thompson Davis And last reported 0% of its portfolio in the stock. Blackrock Investment Ltd Liability Corp last reported 0% of its portfolio in the stock. Vanguard Group accumulated 82,997 shares or 0% of the stock. Globeflex Ltd Partnership accumulated 0% or 103 shares. Blackrock Fund Advisors holds 0% or 1,476 shares in its portfolio. Perritt Inc last reported 0.16% of its portfolio in the stock. Morgan Stanley owns 16,014 shares or 0% of their US portfolio. Wellington Mngmt Gru Limited Liability Partnership last reported 0% of its portfolio in the stock.

Insider Transactions: Since May 19, 2016, the stock had 4 insider buys, and 0 selling transactions for $313,762 net activity. Another trade for 14,500 shares valued at $75,400 was made by Goepel Patrick on Thursday, May 19. Waterfield John Randall had bought 5,625 shares worth $13,106. Behrent Matthew K also bought $13,106 worth of Asure Software Inc (NASDAQ:ASUR) shares. Shares for $23,050 were bought by Wolfe Charles Bradford on Monday, June 13.

More recent Asure Software Inc (NASDAQ:ASUR) news were published by: Marketwatch.com which released: “Asure Software started at buy with $12 stock price target at Wunderlich Securities” on December 21, 2009. Also Quotes.Wsj.com published the news titled: “News Asure Software Inc.ASUR” on February 11, 2011. Bizjournals.com‘s news article titled: “Asure Software buys Florida software company” with publication date: March 22, 2016 was also an interesting one.

ASUR Company Profile

Asure Software, Inc., incorporated on May 30, 1989, is a global well-known provider of cloud software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Firm serves approximately 6,000 clients in over 80 countries. The Firm offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces. The Company’s SaaS offerings include asset management, mobile room scheduling, mobile time tracking, scheduling software, space utilization solutions, tablet time clocks, time and labor management software, time clocks, touch panels for room scheduling and workplace business intelligence (BI) analytics. The Firm offers approximately two product lines, including AsureSpace and AsureForce. The Company’s AsureSpace provides workplace management solutions that enable organizations to manage their office environments and manage real estate utilization. The Company’s AsureForce time and labor management solutions help organizations to manage labor and labor administration costs and activities.

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