Asure Software, Inc. (NASDAQ:ASUR) Receives $14.17 Average PT from Brokerages

Shares of Asure Software, Inc. (NASDAQ:ASUR) have been assigned a consensus recommendation of “Buy” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $14.17.

ASUR has been the topic of a number of analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Asure Software in a research note on Friday, March 7th. Lake Street Capital raised shares of Asure Software from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Stephens reiterated an “overweight” rating and set a $13.00 price target on shares of Asure Software in a report on Friday, March 7th. Needham & Company LLC reissued a “buy” rating and set a $20.00 price objective on shares of Asure Software in a research note on Friday, March 7th. Finally, Stifel Nicolaus lifted 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 1.7 %

NASDAQ:ASUR opened at $9.61 on Friday. Asure Software has a 52-week low of $6.89 and a 52-week high of $12.74. 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 stock has a fifty day simple moving average of $10.98 and a 200-day simple moving average of $9.99. The company has a market capitalization of $259.27 million, a PE ratio of -20.45, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60.

Insider Buying and Selling

In other Asure Software news, Director Grace G. Lee sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $9.51, for a total value of $71,325.00. Following the sale, the director now owns 32,215 shares in the company, valued at approximately $306,364.65. This trade represents a 18.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.90% of the company’s stock.

Institutional Trading of Asure Software

A number of institutional investors have recently made changes to their positions in ASUR. Needham Investment Management LLC raised its stake in shares of Asure Software by 0.5% in the 4th quarter. Needham Investment Management LLC now owns 2,495,000 shares of the technology company’s stock worth $23,478,000 after buying an additional 12,500 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Asure Software by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 897,323 shares of the technology company’s stock worth $8,444,000 after acquiring an additional 48,836 shares during the period. Pacific Ridge Capital Partners LLC raised its position in Asure Software by 12.6% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 773,572 shares of the technology company’s stock worth $7,279,000 after acquiring an additional 86,277 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in Asure Software by 24.5% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 714,330 shares of the technology company’s stock valued at $6,722,000 after acquiring an additional 140,711 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Asure Software by 4.4% during the 3rd 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 in the last quarter. 71.58% of the stock is owned by institutional investors and hedge funds.

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.