With over 81453.0 Asure Software Inc. (ASUR) shares trading Tuesday and a closing price of $10.26 on the day, the dollar volume was approximately $0.84 million. The shares have shown a positive half year performance of 82.89% and its price on 01/24/23 gained nearly 1.99%. Currently, there are 20.22M common shares owned by the public and among those 18.05M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for ASUR have a consensus price objective of $12.67. The analysts have set the share’s price value over the next 12 months at a high of $16.00 and a low of $8.00. The average price target is 21.08% above its recent price level and a downside to the estimated low will see the stock lose -28.25% over that period. But an upside of 35.88% will see the stock hit the forecast high price target while median target price for the stock is $13.00.
Insiders at the company have transacted a total of 11 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 11 of these insider trades were purchases, accounting for 261,000 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Asure Software Inc. are Meridian Small Cap Growth Fund, Vanguard Total Stock Market Index, and Vanguard Extended Market Index Fu. Meridian Small Cap Growth Fund owns 0.81 million shares of the company’s stock, all valued at over $7.59 million. Vanguard Extended Market Index Fu bought 345.0 shares to bring its total holdings to over 0.22 million shares at a value of $2.05 million. Vanguard Extended Market Index Fu now owns shares totaling to 1.09% of the shares outstanding.
However, the script later moved the day high at 10.40, up 1.99%. The company’s stock has a 5-day price change of 4.80% and 89.30% over the past three months. ASUR shares are trading 9.85% year to date (YTD), with the 12-month market performance up to 45.95% higher. It has a 12-month low price of $4.87 and touched a high of $10.90 over the same period. ASUR has an average intraday trading volume of 118.61K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.72%, 18.35%, and 59.34% respectively.
Institutional ownership of Asure Software Inc. (NASDAQ: ASUR) shares accounts for 62.70% of the company’s 20.22M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $201.51M and a beta (3y monthly) value of 0.75. The earnings-per-share (ttm) stands at -$0.88. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.20% over the week and 6.48% over the month.
Analysts forecast that Asure Software Inc. (ASUR) will achieve an EPS of -$0.03 for the current quarter, $0.02 for the next quarter and $0.16 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.05 while analysts give the company a high EPS estimate of -$0.02. Comparatively, EPS for the current quarter was -$0.01 a year ago. Earnings per share for the fiscal year are expected to increase by 116.00%, and 291.43% over the next financial year. EPS should shrink at an annualized rate of 14.00% over the next five years, compared to 25.40% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate Asure Software Inc. (ASUR) as a “Strong Buy” at a consensus score of 1.80. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 0 of the 6 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the ASUR, a number of firms have released research notes about the stock. Cowen stated their Outperform rating for the stock in a research note on November 09, 2021, with the firm’s price target at $11-$12. Needham coverage for the Asure Software Inc. (ASUR) stock in a research note released on November 12, 2019 offered a Buy rating with a price target of $11. Needham on their part issued Buy rating on November 12, 2018.