Asure Software’s (ASUR) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Asure Software (NASDAQ:ASUR) in a report issued on Wednesday,Benzinga reports. The firm currently has a $20.00 price objective on the technology company’s stock.

A number of other research analysts have also commented on the stock. Barrington Research reiterated an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a research note on Monday, October 28th. Stifel Nicolaus upped their price target on shares of Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Stephens restated an “overweight” rating and set a $13.00 target price on shares of Asure Software in a research report on Wednesday. Lake Street Capital upgraded shares of Asure Software from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Finally, Northland Securities increased their target price on shares of Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $14.17.

Asure Software Stock Up 3.5 %

Shares of ASUR opened at $12.12 on Wednesday. Asure Software has a 52 week low of $6.89 and a 52 week high of $12.39. The firm has a market cap of $321.79 million, a P/E ratio of -25.79, a price-to-earnings-growth ratio of 1.11 and a beta of 0.53. The firm’s 50-day simple moving average is $9.64 and its 200 day simple moving average is $9.19. 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

Large investors have recently made changes to their positions in the company. FMR LLC boosted its position in shares of Asure Software by 350.8% during the 3rd quarter. FMR LLC now owns 6,681 shares of the technology company’s stock worth $60,000 after acquiring an additional 5,199 shares in the last quarter. Huntington National Bank acquired a new stake in shares of Asure Software during the 3rd quarter worth approximately $64,000. American Century Companies Inc. boosted its position in shares of Asure Software by 21.2% during the 2nd quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock worth $228,000 after acquiring an additional 4,756 shares in the last quarter. Rhumbline Advisers boosted its position in shares of 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 in the last quarter. Finally, Barclays PLC boosted 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 acquiring an additional 21,533 shares in the last quarter. 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.