Asure Software, Inc. (NASDAQ:ASUR) Sees Large Decline in Short Interest

Asure Software, Inc. (NASDAQ:ASUR) was the target of a large drop in short interest in December. As of December 15th, there was short interest totalling 632,000 shares, a drop of 21.5% from the November 30th total of 805,500 shares. Based on an average daily volume of 97,400 shares, the days-to-cover ratio is currently 6.5 days.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Barrington Research reissued an “outperform” rating and issued a $17.00 target price on shares of Asure Software in a report on Monday, October 28th. Stifel Nicolaus increased their target price on Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Stephens assumed coverage on shares of Asure Software in a report on Wednesday, October 16th. They issued an “overweight” rating and a $13.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price objective on shares of Asure Software in a report on Friday, November 1st. Finally, Northland Securities lowered their target price 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. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $13.92.

Asure Software Trading Down 1.5 %

NASDAQ ASUR traded down $0.14 during trading hours on Friday, hitting $9.35. The company’s stock had a trading volume of 82,832 shares, compared to its average volume of 147,731. The stock has a fifty day moving average of $9.33 and a 200 day moving average of $8.95. The company has a quick ratio of 1.07, a current 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 firm has a market capitalization of $248.28 million, a P/E ratio of -19.89, a PEG ratio of 1.64 and a beta of 0.53.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. FMR LLC increased its holdings in Asure Software by 350.8% in the third quarter. FMR LLC now owns 6,681 shares of the technology company’s stock valued at $60,000 after purchasing an additional 5,199 shares during the last quarter. Huntington National Bank bought a new stake in shares of Asure Software in the 3rd quarter valued at about $64,000. American Century Companies Inc. raised its position in shares of Asure Software by 21.2% in the 2nd quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock valued at $228,000 after acquiring an additional 4,756 shares during the period. Rhumbline Advisers boosted its stake in Asure Software by 11.4% during the 2nd quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock worth $242,000 after acquiring an additional 2,948 shares during the last quarter. Finally, Barclays PLC grew its holdings in Asure Software by 225.7% during the third quarter. Barclays PLC now owns 31,075 shares of the technology company’s stock valued at $281,000 after purchasing an additional 21,533 shares during the period. Institutional investors and hedge funds 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.