Asure Software, Inc. (NASDAQ:ASUR) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Asure Software, Inc. (NASDAQ:ASUR) have earned an average recommendation of “Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have issued a report on the stock in the last year is $14.17.

ASUR has been the subject of several recent research reports. Stephens reissued an “overweight” rating and issued a $13.00 price target on shares of Asure Software in a research note on Wednesday, January 15th. Northland Securities increased their price target on shares of Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. Barrington Research restated an “outperform” rating and set a $17.00 price target on shares of Asure Software in a report on Monday, October 28th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a report on Wednesday, January 15th. Finally, 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.

Institutional Investors Weigh In On Asure Software

A number of hedge funds have recently bought and sold shares of ASUR. Needham Investment Management LLC lifted its holdings in shares of Asure Software by 25.4% during the third quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock worth $22,467,000 after buying an additional 502,500 shares during the last quarter. Swedbank AB raised its stake in Asure Software by 7.1% during the 3rd quarter. Swedbank AB now owns 750,000 shares of the technology company’s stock valued at $6,788,000 after purchasing an additional 50,000 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Asure Software by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company’s stock valued at $5,251,000 after purchasing an additional 24,649 shares during the period. ArrowMark Colorado Holdings LLC acquired a new stake in Asure Software in the 3rd quarter worth $5,191,000. Finally, Rice Hall James & Associates LLC grew its position in Asure Software by 465.1% in the 3rd quarter. Rice Hall James & Associates LLC now owns 526,345 shares of the technology company’s stock worth $4,763,000 after purchasing an additional 433,197 shares during the last quarter. 71.58% of the stock is currently owned by institutional investors.

Asure Software Stock Performance

Shares of NASDAQ ASUR opened at $11.81 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. Asure Software has a one year low of $6.89 and a one year high of $12.74. The business’s 50-day moving average price is $10.52 and its two-hundred day moving average price is $9.54. The company has a market capitalization of $313.56 million, a P/E ratio of -25.13, a price-to-earnings-growth ratio of 1.16 and a beta of 0.56.

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.