Stephens Reaffirms Overweight Rating for Asure Software (NASDAQ:ASUR)

Asure Software (NASDAQ:ASUR)‘s stock had its “overweight” rating reissued by stock analysts at Stephens in a report released on Wednesday,Benzinga reports. They currently have a $13.00 price target on the technology company’s stock. Stephens’ target price would indicate a potential upside of 8.24% from the company’s current price.

Other analysts also recently issued reports about the stock. Stifel Nicolaus boosted their target price on shares of Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Lake Street Capital raised shares of Asure Software from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Barrington Research restated an “outperform” rating and set a $17.00 target price on shares of Asure Software in a report on Monday, October 28th. Northland Securities upped their price target on Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a research note on Friday, November 1st. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $14.17.

Asure Software Stock Up 2.6 %

Shares of NASDAQ ASUR traded up $0.30 during trading hours on Wednesday, hitting $12.01. The stock had a trading volume of 72,365 shares, compared to its average volume of 166,120. The firm’s 50-day moving average price is $9.59 and its two-hundred day moving average price is $9.17. Asure Software has a 52 week low of $6.89 and a 52 week high of $12.05. The company has a market capitalization of $318.91 million, a P/E ratio of -25.55, a P/E/G ratio of 1.64 and a beta of 0.53. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07.

Institutional Trading of Asure Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASUR. State Street Corp lifted its holdings 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 buying an additional 1,961 shares during the last quarter. Rhumbline Advisers raised 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 valued at $242,000 after purchasing an additional 2,948 shares during the last quarter. American Century Companies Inc. raised its stake in Asure Software by 21.2% during the 2nd quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock valued at $228,000 after purchasing an additional 4,756 shares during the last quarter. FMR LLC boosted its holdings in Asure Software by 350.8% in the 3rd 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 period. Finally, Huntington National Bank acquired a new stake in Asure Software in the 3rd quarter worth $64,000. Institutional investors and hedge funds own 71.58% of the company’s stock.

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.