Asure Software, Inc. (NASDAQ:ASUR) Given Average Recommendation of “Moderate Buy” by Analysts

Asure Software, Inc. (NASDAQ:ASUR) has been given an average recommendation of “Moderate Buy” by the five research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $13.40.

Several brokerages have recently issued reports on ASUR. Barrington Research reissued an “outperform” rating and set a $17.00 price target on shares of Asure Software in a report on Friday, July 26th. TD Cowen decreased their target price on shares of Asure Software from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, May 6th. Finally, Needham & Company LLC restated a “buy” rating and issued a $20.00 price target on shares of Asure Software in a research note on Friday, August 2nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ASUR. Pacific Ridge Capital Partners LLC lifted its position in Asure Software by 7.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company’s stock worth $6,334,000 after purchasing an additional 55,123 shares during the period. First Eagle Investment Management LLC raised its stake in shares of Asure Software by 34.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 378,901 shares of the technology company’s stock worth $3,183,000 after buying an additional 97,404 shares in the last quarter. Perritt Capital Management Inc lifted its holdings in shares of Asure Software by 25.4% in the second quarter. Perritt Capital Management Inc now owns 43,877 shares of the technology company’s stock valued at $369,000 after buying an additional 8,877 shares during the period. American Century Companies Inc. boosted its stake in Asure Software by 21.2% during the second quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock valued at $228,000 after buying an additional 4,756 shares in the last quarter. Finally, Rice Hall James & Associates LLC acquired a new position in Asure Software during the second quarter worth about $782,000. 71.58% of the stock is currently owned by institutional investors.

Asure Software Stock Up 0.4 %

Shares of Asure Software stock opened at $8.26 on Wednesday. Asure Software has a twelve month low of $6.30 and a twelve month high of $12.94. The stock has a market capitalization of $213.22 million, a price-to-earnings ratio of -19.21, a PEG ratio of 0.79 and a beta of 0.62. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. The business’s 50 day simple moving average is $8.67 and its 200-day simple moving average is $8.38.

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.