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

Asure Software, Inc. (NASDAQ:ASUR) has been given an average rating of “Buy” by the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have covered the stock in the last year is $14.17.

Several equities analysts have recently weighed in on ASUR shares. Barrington Research reiterated an “outperform” rating and set a $17.00 price objective on shares of Asure Software in a report on Monday, October 28th. 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. Stephens assumed coverage on Asure Software in a report on Wednesday, October 16th. They set an “overweight” rating and a $13.00 price objective for the company. Lake Street Capital upgraded Asure Software from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Finally, Northland Securities boosted their price target on shares of Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. FMR LLC lifted its stake in Asure Software by 350.8% during the 3rd quarter. FMR LLC now owns 6,681 shares of the technology company’s stock valued at $60,000 after acquiring an additional 5,199 shares in the last quarter. Huntington National Bank bought a new position in shares of Asure Software during the third quarter valued at about $64,000. American Century Companies Inc. boosted its holdings 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 purchasing an additional 4,756 shares during the last quarter. Rhumbline Advisers grew its position in Asure Software by 11.4% in the 2nd quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock worth $242,000 after purchasing an additional 2,948 shares in the last quarter. Finally, Barclays PLC increased its stake in Asure Software by 225.7% in the 3rd quarter. Barclays PLC now owns 31,075 shares of the technology company’s stock valued at $281,000 after buying an additional 21,533 shares during the last quarter. Hedge funds and other institutional investors own 71.58% of the company’s stock.

Asure Software Stock Up 2.4 %

Asure Software stock opened at $11.71 on Friday. The company has a market capitalization of $310.95 million, a PE ratio of -24.91, a PEG 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 $11.73. The firm’s fifty day moving average is $9.53 and its 200 day moving average is $9.14. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04.

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.