Asure Software (NASDAQ:ASUR) Price Target Raised to $14.00

Asure Software (NASDAQ:ASUR) had its price objective increased by Northland Securities from $12.50 to $14.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an outperform rating on the technology company’s stock.

A number of other analysts have also recently weighed in on ASUR. Stifel Nicolaus upped their price target on Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Lake Street Capital upgraded Asure Software from a “hold” rating to a “buy” rating in a research report on Tuesday. Barrington Research reiterated an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a research report on Monday, October 28th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price target on shares of Asure Software in a research report on Friday, November 1st. Finally, Stephens initiated coverage on Asure Software in a research report on Wednesday, October 16th. They issued an “overweight” rating and a $13.00 price target on the stock. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Asure Software currently has an average rating of “Buy” and an average target price of $14.17.

Asure Software Stock Performance

Shares of NASDAQ ASUR opened at $11.25 on Wednesday. The business has a fifty day simple moving average of $9.42 and a 200 day simple moving average of $9.08. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $298.73 million, a price-to-earnings ratio of -23.94, a PEG ratio of 1.64 and a beta of 0.53. Asure Software has a one year low of $6.89 and a one year high of $11.47.

Institutional Trading of Asure Software

Several large investors have recently made changes to their positions in ASUR. FMR LLC grew its holdings in shares of Asure Software by 350.8% during the third quarter. FMR LLC now owns 6,681 shares of the technology company’s stock worth $60,000 after purchasing an additional 5,199 shares during the last quarter. Huntington National Bank bought a new position in Asure Software in the third quarter valued at about $64,000. American Century Companies Inc. boosted its holdings in Asure Software by 21.2% in the second quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock valued at $228,000 after acquiring an additional 4,756 shares during the last quarter. Rhumbline Advisers boosted its holdings in Asure Software by 11.4% in the second quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock valued at $242,000 after acquiring an additional 2,948 shares during the last quarter. Finally, Barclays PLC boosted its holdings in 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 acquiring an additional 21,533 shares during the last quarter. Institutional investors own 71.58% of the company’s stock.

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.