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

Lake Street Capital upgraded shares of Asure Software (NASDAQ:ASUR) from a hold rating to a buy rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports.

Other analysts have also issued research reports about the stock. Barrington Research restated an “outperform” rating and set a $17.00 price target on shares of Asure Software in a research report on Monday, October 28th. Northland Securities dropped their target price on Asure Software from $16.00 to $12.50 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Stephens started coverage on Asure Software in a research note on Wednesday, October 16th. They issued an “overweight” rating and a $13.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price target on shares of Asure Software in a research report on Friday, November 1st. Finally, Stifel Nicolaus boosted their price objective on Asure Software from $10.00 to $11.00 and gave the company 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.com, the company presently has a consensus rating of “Buy” and a consensus price target of $13.92.

Asure Software Trading Up 13.7 %

Asure Software stock opened at $11.37 on Tuesday. The firm has a market cap of $301.92 million, a PE ratio of -24.19, 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 $11.47. The stock’s 50 day simple moving average is $9.35 and its two-hundred day simple moving average is $9.05. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04.

Institutional Trading of Asure Software

A number of institutional investors have recently made changes to their positions in ASUR. Bank of New York Mellon Corp lifted its holdings in Asure Software by 5.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 214,863 shares of the technology company’s stock valued at $1,805,000 after purchasing an additional 11,147 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Asure Software by 11.4% in the second quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock worth $242,000 after buying an additional 2,948 shares in the last quarter. Rice Hall James & Associates LLC purchased a new position in shares of Asure Software in the second quarter worth about $782,000. American Century Companies Inc. boosted its position in Asure Software by 21.2% during the second quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock worth $228,000 after acquiring an additional 4,756 shares during the last quarter. Finally, Perritt Capital Management Inc grew its stake in Asure Software by 25.4% during the 2nd quarter. Perritt Capital Management Inc now owns 43,877 shares of the technology company’s stock valued at $369,000 after acquiring an additional 8,877 shares in the last quarter. 71.58% of the stock is owned by institutional investors and hedge funds.

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.