Brokerages Set Asure Software, Inc. (NASDAQ:ASUR) Price Target at $14.17

Asure Software, Inc. (NASDAQ:ASUR) has been given a consensus rating of “Buy” by the seven brokerages that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $14.17.

ASUR has been the subject of a number of research analyst reports. Northland Securities upped their price objective on shares of Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Barrington Research restated an “outperform” rating and set a $17.00 price objective on shares of Asure Software in a research report on Monday. Needham & Company LLC restated a “buy” rating and set a $20.00 price objective on shares of Asure Software in a research report on Friday, March 7th. Stephens reiterated an “overweight” rating and issued a $13.00 target price on shares of Asure Software in a research report on Friday, March 7th. Finally, Lake Street Capital upgraded shares of Asure Software from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th.

Asure Software Stock Performance

Shares of NASDAQ ASUR opened at $9.82 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07. The company’s fifty day moving average price is $9.81 and its 200 day moving average price is $10.05. The company has a market capitalization of $266.64 million, a PE ratio of -20.89, a price-to-earnings-growth ratio of 1.11 and a beta of 0.41. Asure Software has a 1 year low of $6.89 and a 1 year high of $12.74.

Insider Buying and Selling

In related news, Director Grace G. Lee sold 7,500 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $9.51, for a total transaction of $71,325.00. Following the completion of the sale, the director now directly owns 32,215 shares in the company, valued at approximately $306,364.65. This trade represents a 18.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Asure Software

Several hedge funds and other institutional investors have recently bought and sold shares of ASUR. FMR LLC increased its position in Asure Software by 350.8% during the third quarter. FMR LLC now owns 6,681 shares of the technology company’s stock worth $60,000 after purchasing an additional 5,199 shares during the last quarter. State Street Corp increased its position in Asure Software by 0.5% during the third quarter. State Street Corp now owns 429,298 shares of the technology company’s stock worth $3,885,000 after purchasing an additional 1,961 shares during the last quarter. Barclays PLC boosted its stake in Asure Software by 225.7% during the third quarter. Barclays PLC now owns 31,075 shares of the technology company’s stock worth $281,000 after buying an additional 21,533 shares during the period. Geode Capital Management LLC boosted its stake in Asure Software by 4.4% during the third quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company’s stock worth $5,251,000 after buying an additional 24,649 shares during the period. Finally, Tallon Kerry Patrick purchased a new position in Asure Software during the fourth quarter worth about $1,372,000. 71.58% of the stock is currently owned by institutional investors and hedge funds.

About Asure Software

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.