Brokerages Set Asure Software, Inc. (NASDAQ:ASUR) Target Price at $14.17

Asure Software, Inc. (NASDAQ:ASUR) has been assigned an average rating of “Buy” from the seven research firms that are currently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy rating. The average 12 month price target among brokerages 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. Northland Securities upped their price objective on Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Stifel Nicolaus increased their price target on Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Needham & Company LLC reissued a “buy” rating and set a $20.00 price target on shares of Asure Software in a research report on Friday. Barrington Research reissued an “outperform” rating and set a $17.00 price target on shares of Asure Software in a research report on Friday. Finally, Lake Street Capital raised Asure Software from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th.

Asure Software Stock Up 12.9 %

ASUR stock opened at $10.94 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $290.50 million, a P/E ratio of -23.28, a P/E/G ratio of 1.11 and a beta of 0.60. The business has a 50-day moving average of $11.29 and a 200-day moving average of $9.87. Asure Software has a fifty-two week low of $6.89 and a fifty-two week high of $12.74.

Institutional Trading of Asure Software

Institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC raised 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 buying an additional 5,199 shares during the period. Huntington National Bank bought a new stake in Asure Software in the third quarter valued at approximately $64,000. Intech Investment Management LLC bought a new stake in Asure Software in the fourth quarter valued at approximately $104,000. PNC Financial Services Group Inc. raised its stake in 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 buying an additional 5,096 shares during the period. Finally, Wells Fargo & Company MN raised its stake in 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 buying an additional 3,480 shares during the period. Institutional investors 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.