Asure Software’s (ASUR) Overweight Rating Reiterated at Stephens

Stephens reaffirmed their overweight rating on shares of Asure Software (NASDAQ:ASUR) in a research note released on Friday morning,Benzinga reports. The firm currently has a $13.00 target price on the technology company’s stock.

A number of other equities analysts have also recently issued reports on ASUR. Stifel Nicolaus increased their price target on Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Barrington Research reaffirmed an “outperform” rating and set a $17.00 target price on shares of Asure Software in a research report on Friday. Northland Securities upped their target price on Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 target price on shares of Asure Software in a research report on Friday. Finally, Lake Street Capital raised Asure Software from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $14.17.

Asure Software Price Performance

Asure Software stock opened at $10.94 on Friday. The stock has a market capitalization of $290.50 million, a price-to-earnings ratio of -23.28, a PEG ratio of 1.11 and a beta of 0.60. Asure Software has a 52-week low of $6.89 and a 52-week high of $12.74. The stock’s 50 day moving average price is $11.29 and its two-hundred day moving average price is $9.87. 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 Investors Weigh In On Asure Software

A number of institutional investors and hedge funds have recently bought and sold shares of ASUR. FMR LLC raised its position in Asure Software by 350.8% in 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 last quarter. Huntington National Bank purchased a new stake in Asure Software in the 3rd quarter valued at $64,000. Intech Investment Management LLC purchased a new stake in Asure Software in the 4th quarter valued at $104,000. PNC Financial Services Group Inc. raised its position in Asure Software by 66.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company’s stock valued at $120,000 after buying an additional 5,096 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in Asure Software by 29.7% in the 4th quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company’s stock valued at $143,000 after buying an additional 3,480 shares during the last quarter. 71.58% of the stock is owned by hedge funds and other institutional investors.

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.