Asure Software (NASDAQ:ASUR) Upgraded by Lake Street Capital to Buy Rating

Asure Software (NASDAQ:ASUR) was upgraded by investment analysts at Lake Street Capital from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday,Finviz reports.

A number of other research firms also recently issued reports on ASUR. Barrington Research reissued an “outperform” rating and issued a $17.00 price objective on shares of Asure Software in a report on Monday, October 28th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price target on shares of Asure Software in a research note on Friday, November 1st. Stephens started coverage on Asure Software in a research report on Wednesday, October 16th. They set an “overweight” rating and a $13.00 target price for the company. Northland Securities cut their target price on Asure Software from $16.00 to $12.50 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Stifel Nicolaus upped their price objective 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. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $13.92.

Asure Software Trading Up 3.6 %

Shares of Asure Software stock opened at $10.00 on Tuesday. The firm has a 50-day moving average of $9.32 and a 200-day moving average of $9.03. The stock has a market cap of $265.54 million, a PE ratio of -21.28, a PEG ratio of 1.64 and a beta of 0.53. Asure Software has a 52-week low of $6.89 and a 52-week high of $10.52. 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

Several institutional investors and hedge funds have recently modified their holdings of the business. ArrowMark Colorado Holdings LLC bought a new position in shares of Asure Software in the third quarter worth about $5,191,000. Needham Investment Management LLC lifted its stake in Asure Software by 25.4% in the 3rd quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock valued at $22,467,000 after purchasing an additional 502,500 shares during the last quarter. Whittier Trust Co. acquired a new stake in Asure Software in the third quarter valued at approximately $4,140,000. Rice Hall James & Associates LLC grew its stake in shares of 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. Finally, First Eagle Investment Management LLC increased its holdings in shares of Asure Software by 34.6% during the second quarter. First Eagle Investment Management LLC now owns 378,901 shares of the technology company’s stock worth $3,183,000 after buying an additional 97,404 shares in the last quarter. 71.58% of the stock is currently owned by institutional investors.

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.