Asure Software (NASDAQ:ASUR) Price Target Raised to $11.00

Asure Software (NASDAQ:ASUR) had its price objective upped by Stifel Nicolaus from $10.00 to $11.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Other equities research analysts have also issued research reports about the company. Barrington Research reiterated an “outperform” rating and issued a $17.00 target price on shares of Asure Software in a research report on Monday, October 28th. Northland Securities cut their price objective on shares of Asure Software from $16.00 to $12.50 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Needham & Company LLC restated a “buy” rating and set a $20.00 target price on shares of Asure Software in a research report on Friday, November 1st. Finally, Stephens assumed coverage on Asure Software in a research report on Wednesday, October 16th. They set an “overweight” rating and a $13.00 price target on the stock. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Asure Software currently has a consensus rating of “Buy” and a consensus price target of $13.92.

Asure Software Stock Performance

Shares of ASUR stock opened at $9.12 on Wednesday. The business has a fifty day moving average of $9.29 and a 200 day moving average of $8.88. Asure Software has a 1 year low of $6.89 and a 1 year high of $10.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $242.17 million, a price-to-earnings ratio of -19.40, a price-to-earnings-growth ratio of 1.64 and a beta of 0.53.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC boosted its stake 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 position in shares of Asure Software in 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 purchasing an additional 4,756 shares during the period. Rhumbline Advisers increased its holdings in Asure Software by 11.4% in 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. Finally, Barclays PLC raised its position in Asure Software by 225.7% in the third quarter. Barclays PLC now owns 31,075 shares of the technology company’s stock valued at $281,000 after purchasing an additional 21,533 shares during the period. Hedge funds and other institutional investors own 71.58% of the company’s stock.

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.