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

Shares of Asure Software, Inc. (NASDAQ:ASUR) have been given an average rating of “Buy” by the five brokerages that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $14.50.

Several equities analysts have commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $20.00 target price on shares of Asure Software in a research note on Friday, November 1st. Northland Securities lowered their price objective on shares of Asure Software from $16.00 to $12.50 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Stifel Nicolaus lifted their price objective on shares of Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Asure Software in a research note on Monday, October 28th. Finally, Stephens initiated coverage on shares of Asure Software in a research note on Wednesday, October 16th. They issued an “overweight” rating and a $13.00 price objective on the stock.

Hedge Funds Weigh In On Asure Software

A number of institutional investors and hedge funds have recently bought and sold shares of ASUR. Barclays PLC lifted 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 buying an additional 21,533 shares during the period. Geode Capital Management LLC boosted its position in Asure Software by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company’s stock valued at $5,251,000 after buying an additional 24,649 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of Asure Software in the 3rd quarter valued at $516,000. State Street Corp raised its position in shares of 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 acquiring an additional 1,961 shares during the last quarter. Finally, Needham Investment Management LLC lifted its stake in shares of Asure Software by 25.4% during the third quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock valued at $22,467,000 after acquiring an additional 502,500 shares during the period. Institutional investors own 71.58% of the company’s stock.

Asure Software Stock Up 1.7 %

ASUR stock traded up $0.16 during mid-day trading on Wednesday, hitting $9.48. 33,277 shares of the company were exchanged, compared to its average volume of 147,184. The firm has a fifty day simple moving average of $9.27 and a 200 day simple moving average of $8.88. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. Asure Software has a twelve month low of $6.89 and a twelve month high of $10.52. The company has a market capitalization of $251.73 million, a PE ratio of -20.17, a price-to-earnings-growth ratio of 1.64 and a beta of 0.53.

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.