Asure Software, Inc. (NASDAQ:ASUR) Short Interest Update

Asure Software, Inc. (NASDAQ:ASUR) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 814,400 shares, a growth of 27.0% from the December 31st total of 641,500 shares. Based on an average daily trading volume, of 122,100 shares, the days-to-cover ratio is currently 6.7 days.

Asure Software Stock Down 0.6 %

Shares of NASDAQ ASUR traded down $0.07 during mid-day trading on Friday, reaching $11.82. 67,406 shares of the company’s stock were exchanged, compared to its average volume of 133,110. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $10.39 and a 200 day simple moving average of $9.50. Asure Software has a twelve month low of $6.89 and a twelve month high of $12.74. The firm has a market capitalization of $313.82 million, a price-to-earnings ratio of -25.15, a PEG ratio of 1.21 and a beta of 0.53.

Hedge Funds Weigh In On Asure Software

Several hedge funds have recently modified their holdings of ASUR. Needham Investment Management LLC raised its position in 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 worth $22,467,000 after acquiring an additional 502,500 shares in the last quarter. Swedbank AB raised its holdings in shares of Asure Software by 7.1% in the 3rd quarter. Swedbank AB now owns 750,000 shares of the technology company’s stock valued at $6,788,000 after purchasing an additional 50,000 shares during the period. Geode Capital Management LLC lifted its stake 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 purchasing an additional 24,649 shares during the last quarter. ArrowMark Colorado Holdings LLC bought a new position in Asure Software during the third quarter worth about $5,191,000. Finally, Rice Hall James & Associates LLC increased its position in Asure Software by 465.1% during the third quarter. Rice Hall James & Associates LLC now owns 526,345 shares of the technology company’s stock worth $4,763,000 after buying an additional 433,197 shares during the last quarter. Institutional investors own 71.58% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on 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. Northland Securities upped their target price on shares of Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Needham & Company LLC restated a “buy” rating and issued a $20.00 price target on shares of Asure Software in a research report on Wednesday, January 15th. Barrington Research reiterated an “outperform” rating and issued a $17.00 target price on shares of Asure Software in a research note on Monday, October 28th. Finally, Stephens restated an “overweight” rating and set a $13.00 price target on shares of Asure Software in a research note on Wednesday, January 15th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $14.17.

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.