Asure Software (NASDAQ:ASUR) Raised to “Buy” at Lake Street Capital

Asure Software (NASDAQ:ASUR) was upgraded by analysts at Lake Street Capital from a “hold” rating to a “buy” rating in a research report issued on Tuesday,Finviz reports.

A number of other equities analysts have also commented on the stock. Stifel Nicolaus lifted their price target on shares of Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Barrington Research reaffirmed an “outperform” rating and set a $17.00 target price on shares of Asure Software in a report on Monday, October 28th. Northland Securities decreased their price target on Asure Software from $16.00 to $12.50 and set an “outperform” rating for the company in a research note on Friday, November 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a research note on Friday, November 1st. Finally, Stephens assumed coverage on shares of Asure Software in a research report on Wednesday, October 16th. They set an “overweight” rating and a $13.00 target price for the company. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Asure Software has a consensus rating of “Buy” and an average target price of $13.92.

Asure Software Stock Up 3.6 %

Shares of NASDAQ ASUR opened at $10.00 on Tuesday. Asure Software has a 1 year low of $6.89 and a 1 year high of $10.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $265.54 million, a PE ratio of -21.28, a price-to-earnings-growth ratio of 1.64 and a beta of 0.53. The company has a 50 day simple moving average of $9.32 and a 200 day simple moving average of $9.03.

Institutional Investors Weigh In On Asure Software

Hedge funds have recently added to or reduced their stakes in the business. FMR LLC grew its position in shares of Asure Software by 350.8% during the 3rd quarter. FMR LLC now owns 6,681 shares of the technology company’s stock worth $60,000 after buying an additional 5,199 shares during the period. Huntington National Bank acquired a new stake in Asure Software in the third quarter worth $64,000. American Century Companies Inc. increased its stake in Asure Software by 21.2% in the second quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock valued at $228,000 after purchasing an additional 4,756 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Asure Software by 11.4% during the second quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock valued at $242,000 after purchasing an additional 2,948 shares during the period. Finally, Barclays PLC boosted its position in shares of Asure Software by 225.7% during the 3rd quarter. Barclays PLC now owns 31,075 shares of the technology company’s stock worth $281,000 after purchasing an additional 21,533 shares in the last quarter. 71.58% of the stock is currently owned by institutional investors.

Asure Software Company Profile

Asure Software, Inc engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States. It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build productive workforce to help them stay compliant and allocate resources to grow their business.