Stifel Nicolaus Boosts Asure Software (NASDAQ:ASUR) Price Target to $11.00

Asure Software (NASDAQ:ASUR) had its price target boosted by Stifel Nicolaus from $10.00 to $11.00 in a research report report published on Wednesday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other equities analysts have also recently commented on the stock. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price target on shares of Asure Software in a research report on Friday, November 1st. Stephens initiated coverage on Asure Software in a report on Wednesday, October 16th. They issued an “overweight” rating and a $13.00 target price for the company. Barrington Research reissued an “outperform” rating and set a $17.00 target price on shares of Asure Software in a research note on Monday, October 28th. Finally, Northland Securities reduced their price target on Asure Software from $16.00 to $12.50 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Asure Software presently has an average rating of “Buy” and an average target price of $13.92.

Asure Software Stock Down 0.2 %

Shares of ASUR opened at $9.12 on Wednesday. The company’s 50-day simple moving average is $9.29 and its 200-day simple moving average is $8.88. 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 1 year low of $6.89 and a 1 year high of $10.52. The stock has a market capitalization of $242.17 million, a PE ratio of -19.40, a P/E/G ratio of 1.64 and a beta of 0.53.

Hedge Funds Weigh In On Asure Software

A number of institutional investors and hedge funds have recently modified their holdings of ASUR. Needham Investment Management LLC raised its stake in Asure Software by 25.4% in the third quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock valued at $22,467,000 after buying an additional 502,500 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in shares of Asure Software by 7.9% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company’s stock valued at $6,334,000 after acquiring an additional 55,123 shares during the last quarter. Swedbank AB raised its position in shares of Asure Software by 7.1% during the 3rd quarter. Swedbank AB now owns 750,000 shares of the technology company’s stock worth $6,788,000 after acquiring an additional 50,000 shares in the last quarter. Geode Capital Management LLC lifted its stake in Asure Software by 4.4% during the third quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company’s stock worth $5,251,000 after purchasing an additional 24,649 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC purchased a new stake in Asure Software during the third quarter worth approximately $5,191,000. Institutional investors and hedge funds 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.