Asure Software, Inc. (NASDAQ:ASUR) Receives Average Recommendation of “Buy” from Analysts

Shares of Asure Software, Inc. (NASDAQ:ASUR) have received an average recommendation of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $14.17.

ASUR has been the topic of several recent analyst reports. Stifel Nicolaus upped their price objective 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. Northland Securities raised their price target on Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday. Stephens started coverage on Asure Software in a report on Wednesday, October 16th. They issued an “overweight” rating and a $13.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and set a $20.00 target price on shares of Asure Software in a report on Friday, November 1st. Finally, Lake Street Capital upgraded shares of Asure Software from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th.

Asure Software Trading Down 0.7 %

NASDAQ ASUR opened at $11.25 on Friday. 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 stock has a market capitalization of $298.73 million, a P/E ratio of -23.94, a PEG ratio of 1.64 and a beta of 0.53. The firm’s 50-day moving average is $9.47 and its two-hundred day moving average is $9.12. Asure Software has a 12 month low of $6.89 and a 12 month high of $11.47.

Hedge Funds Weigh In On Asure Software

Large investors have recently bought and sold shares of the business. Barclays PLC increased its holdings in shares of Asure Software by 225.7% in the 3rd quarter. Barclays PLC now owns 31,075 shares of the technology company’s stock valued at $281,000 after acquiring an additional 21,533 shares during the last quarter. Geode Capital Management LLC increased its stake in Asure Software by 4.4% in the third quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company’s stock valued at $5,251,000 after purchasing an additional 24,649 shares during the last quarter. M&T Bank Corp acquired a new stake in Asure Software during the third quarter worth approximately $516,000. State Street Corp lifted its position in shares of Asure Software by 0.5% during the 3rd quarter. State Street Corp now owns 429,298 shares of the technology company’s stock worth $3,885,000 after buying an additional 1,961 shares during the last quarter. Finally, Needham Investment Management LLC boosted its holdings in shares of Asure Software by 25.4% in the 3rd quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock valued at $22,467,000 after buying an additional 502,500 shares in the last quarter. Hedge funds and other institutional investors own 71.58% of the company’s stock.

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.