Needham & Company LLC Reiterates Buy Rating for Asure Software (NASDAQ:ASUR)

Asure Software (NASDAQ:ASUR)‘s stock had its “buy” rating reaffirmed by equities researchers at Needham & Company LLC in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $20.00 target price on the technology company’s stock. Needham & Company LLC’s price target would suggest a potential upside of 82.82% from the company’s current price.

Several other research firms have also recently weighed in on ASUR. Stephens restated an “overweight” rating and issued a $13.00 price objective on shares of Asure Software in a research report on Wednesday, January 15th. Northland Securities raised their price target on shares of Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Lake Street Capital raised Asure Software from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Finally, Stifel Nicolaus increased 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, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $14.17.

Asure Software Stock Performance

Shares of NASDAQ:ASUR opened at $10.94 on Friday. The business has a fifty day moving average of $11.29 and a 200-day moving average of $9.86. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07. Asure Software has a twelve month low of $6.89 and a twelve month high of $12.74. The firm has a market cap of $290.50 million, a PE ratio of -23.28, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60.

Hedge Funds Weigh In On Asure Software

A number of hedge funds and other institutional investors have recently bought and sold shares of ASUR. State Street Corp raised its position in shares of Asure Software by 0.5% during the 3rd quarter. State Street Corp now owns 429,298 shares of the technology company’s stock valued at $3,885,000 after acquiring an additional 1,961 shares during the last quarter. Penbrook Management LLC grew its stake in shares of Asure Software by 1.8% during the fourth quarter. Penbrook Management LLC now owns 114,035 shares of the technology company’s stock worth $1,073,000 after purchasing an additional 2,000 shares during the period. American Century Companies Inc. grew its stake in shares of Asure Software by 8.5% during the fourth quarter. American Century Companies Inc. now owns 39,313 shares of the technology company’s stock worth $370,000 after purchasing an additional 3,078 shares during the period. Bank of America Corp DE increased its holdings in Asure Software by 13.6% in the fourth quarter. Bank of America Corp DE now owns 27,505 shares of the technology company’s stock valued at $259,000 after purchasing an additional 3,287 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Asure Software by 29.7% in the fourth 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 period. 71.58% of the stock is owned by 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.