Asure Software (NASDAQ:ASUR) Upgraded at Lake Street Capital

Lake Street Capital upgraded shares of Asure Software (NASDAQ:ASUR) from a hold rating to a buy rating in a report issued on Tuesday morning, Marketbeat Ratings reports.

Several other brokerages have also issued reports on ASUR. Stephens started coverage on Asure Software in a report on Wednesday, October 16th. They issued an “overweight” rating and a $13.00 price target on the stock. Barrington Research restated an “outperform” rating and issued a $17.00 target price on shares of Asure Software in a report on Monday, October 28th. Stifel Nicolaus raised 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. Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of Asure Software in a report on Friday, November 1st. Finally, Northland Securities dropped their target price on Asure Software from $16.00 to $12.50 and set an “outperform” rating on the stock in a report on Friday, November 1st. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $14.17.

Asure Software Stock Down 0.4 %

Shares of NASDAQ:ASUR opened at $11.33 on Tuesday. The business’s 50 day simple moving average is $9.42 and its two-hundred day simple moving average is $9.08. The firm has a market cap of $300.86 million, a P/E ratio of -24.11, a PEG ratio of 1.64 and a beta of 0.53. 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 52-week low of $6.89 and a 52-week high of $11.47.

Institutional Trading of Asure Software

Hedge funds have recently bought and sold shares of the business. FMR LLC lifted its holdings in 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 acquiring an additional 5,199 shares during the period. Huntington National Bank bought a new stake in Asure Software during the third quarter worth $64,000. American Century Companies Inc. lifted 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 acquiring an additional 4,756 shares during the period. Rhumbline Advisers increased its position in Asure Software by 11.4% in the second quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock worth $242,000 after buying an additional 2,948 shares during the last quarter. Finally, Barclays PLC increased its position in Asure Software by 225.7% in the third quarter. Barclays PLC now owns 31,075 shares of the technology company’s stock worth $281,000 after buying an additional 21,533 shares during the last quarter. 71.58% of the stock is currently owned by institutional investors.

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.