Asure Software (NASDAQ:ASUR) Price Target Raised to $11.00

Asure Software (NASDAQ:ASUR) had its price objective raised by stock analysts at Stifel Nicolaus from $10.00 to $11.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 17.65% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price target on shares of Asure Software in a research note on Friday, November 1st. Barrington Research reiterated an “outperform” rating and set a $17.00 price target on shares of Asure Software in a research note on Monday, October 28th. Stephens assumed coverage on Asure Software in a research note on Wednesday, October 16th. They issued an “overweight” rating and a $13.00 target price on the stock. Finally, Northland Securities cut their target price on Asure Software from $16.00 to $12.50 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $13.92.

Asure Software Stock Up 0.3 %

ASUR stock traded up $0.03 during mid-day trading on Wednesday, reaching $9.35. 16,629 shares of the company traded hands, compared to its average volume of 147,126. The stock has a market cap of $248.28 million, a price-to-earnings ratio of -19.89, a P/E/G ratio of 1.64 and a beta of 0.53. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. Asure Software has a fifty-two week low of $6.89 and a fifty-two week high of $10.52. The firm’s 50 day moving average price is $9.27 and its 200 day moving average price is $8.88.

Hedge Funds Weigh In On Asure Software

Institutional investors have recently bought and sold shares of the company. FMR LLC lifted its stake in Asure Software by 350.8% in the third quarter. FMR LLC now owns 6,681 shares of the technology company’s stock valued at $60,000 after purchasing an additional 5,199 shares during the last quarter. Huntington National Bank purchased a new position in Asure Software in the third quarter valued at approximately $64,000. American Century Companies Inc. lifted its stake 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 purchasing an additional 4,756 shares during the last quarter. Rhumbline Advisers lifted its stake 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 purchasing an additional 2,948 shares during the last quarter. Finally, Barclays PLC lifted its stake 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 purchasing an additional 21,533 shares during the last quarter. Hedge funds and other 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.