Brokerages Set Asure Software, Inc. (NASDAQ:ASUR) PT at $14.50

Asure Software, Inc. (NASDAQ:ASUR) has been given an average recommendation of “Buy” by the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have covered the stock in the last year is $13.92.

Several brokerages recently commented on ASUR. Stifel Nicolaus upped their price target 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 dropped their price objective on Asure Software from $16.00 to $12.50 and set an “outperform” rating for the company in a report on Friday, November 1st. Barrington Research reiterated an “outperform” rating and issued a $17.00 target price on shares of Asure Software in a report on Monday, October 28th. Stephens assumed coverage on Asure Software in a research note on Wednesday, October 16th. They set an “overweight” rating and a $13.00 price target for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a research note on Friday, November 1st.

Asure Software Trading Down 0.2 %

NASDAQ ASUR opened at $9.12 on Wednesday. The company has a market cap of $242.17 million, a P/E ratio of -19.40, a P/E/G ratio of 1.64 and a beta of 0.53. Asure Software has a 12 month low of $6.89 and a 12 month 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 company has a 50-day moving average of $9.31 and a 200-day moving average of $8.90.

Institutional Investors Weigh In On Asure Software

Several institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC raised its holdings 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 valued at $60,000 after buying an additional 5,199 shares during the period. Huntington National Bank purchased a new stake in shares of Asure Software during the third quarter valued at approximately $64,000. American Century Companies Inc. raised its stake in shares of Asure Software by 21.2% during the second quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock valued at $228,000 after purchasing an additional 4,756 shares during the period. Rhumbline Advisers lifted its position in shares of Asure Software by 11.4% during the second quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock worth $242,000 after purchasing an additional 2,948 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of 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.

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.