Asure Software, Inc. (NASDAQ:ASUR) Receives Average Rating of “Buy” from Analysts

Shares of Asure Software, Inc. (NASDAQ:ASUR) have received a consensus rating of “Buy” from the seven research firms that are currently covering the company, Marketbeat reports. Seven analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have covered the stock in the last year is $14.17.

Several brokerages have commented on ASUR. Northland Securities raised their price objective on Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a report on Wednesday. Stephens assumed coverage on shares of Asure Software in a research note on Wednesday, October 16th. They issued an “overweight” rating and a $13.00 price target on the stock. Barrington Research restated an “outperform” rating and set a $17.00 price objective on shares of Asure Software in a research report on Monday, October 28th. 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, 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 note on Wednesday, December 18th.

Asure Software Trading Down 0.7 %

ASUR stock opened at $11.25 on Friday. Asure Software has a 52-week low of $6.89 and a 52-week high of $11.47. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. The firm has a market cap of $298.73 million, a P/E ratio of -23.94, a PEG ratio of 1.64 and a beta of 0.53. The company’s 50-day simple moving average is $9.47 and its 200-day simple moving average is $9.12.

Institutional Trading of Asure Software

Large investors have recently bought and sold shares of the business. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Asure Software by 7.9% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company’s stock worth $6,334,000 after purchasing an additional 55,123 shares during the last quarter. Whittier Trust Co. acquired a new position in Asure Software during the third quarter worth $4,140,000. First Eagle Investment Management LLC raised its holdings in shares of Asure Software by 34.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 378,901 shares of the technology company’s stock worth $3,183,000 after acquiring an additional 97,404 shares during the period. Geode Capital Management LLC grew its holdings in shares of Asure Software by 4.4% in the third 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 period. Finally, Rice Hall James & Associates LLC boosted its holdings in Asure Software by 465.1% in the 3rd quarter. Rice Hall James & Associates LLC now owns 526,345 shares of the technology company’s stock valued at $4,763,000 after purchasing an additional 433,197 shares during the last quarter. Hedge funds and other institutional investors 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.