Asure Software’s (ASUR) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Asure Software (NASDAQ:ASUR) in a report published on Friday,Benzinga reports. The brokerage currently has a $20.00 price target on the technology company’s stock.

Other equities analysts have also recently issued research reports about the company. Lake Street Capital raised Asure Software from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Northland Securities upped their price target on Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Stephens reaffirmed an “overweight” rating and issued a $13.00 price target on shares of Asure Software in a report on Wednesday, January 15th. Finally, Stifel Nicolaus increased their target price on Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Asure Software currently has an average rating of “Buy” and an average price target of $14.17.

Asure Software Stock Performance

NASDAQ ASUR 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 twelve month low of $6.89 and a twelve month high of $12.74. 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 stock has a 50-day moving average of $11.29 and a 200 day moving average of $9.87.

Hedge Funds Weigh In On Asure Software

A number of hedge funds have recently made changes to their positions in ASUR. FMR LLC raised 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 valued at $60,000 after acquiring an additional 5,199 shares during the last quarter. Huntington National Bank purchased a new stake in shares of Asure Software in the third quarter valued at approximately $64,000. Intech Investment Management LLC purchased a new stake in shares of Asure Software in the fourth quarter valued at approximately $104,000. PNC Financial Services Group Inc. grew its position in shares of Asure Software by 66.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company’s stock valued at $120,000 after purchasing an additional 5,096 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of 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 purchasing an additional 3,480 shares in the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.

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.