Asure Software, Inc. (NASDAQ:ASUR) Receives $13.40 Average PT from Analysts

Asure Software, Inc. (NASDAQ:ASUR) has received an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $13.40.

ASUR has been the topic of several analyst reports. TD Cowen lowered their target price on Asure Software from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, May 6th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 target price on shares of Asure Software in a research report on Friday, August 2nd. Finally, Barrington Research restated an “outperform” rating and set a $17.00 price target on shares of Asure Software in a research report on Friday, July 26th.

Institutional Investors Weigh In On Asure Software

Large investors have recently modified their holdings of the stock. Capstone Investment Advisors LLC lifted its holdings in shares of Asure Software by 9.0% during the first quarter. Capstone Investment Advisors LLC now owns 21,800 shares of the technology company’s stock valued at $170,000 after purchasing an additional 1,800 shares during the last quarter. Naples Money Management LLC purchased a new stake in Asure Software during the fourth quarter valued at about $27,000. Rhumbline Advisers boosted its holdings in shares of 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 period. BNP Paribas Financial Markets increased its position in shares of Asure Software by 45.1% in the first quarter. BNP Paribas Financial Markets now owns 10,929 shares of the technology company’s stock worth $85,000 after acquiring an additional 3,398 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Asure Software by 21.2% during the second quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock valued at $228,000 after acquiring an additional 4,756 shares during the period. 71.58% of the stock is owned by institutional investors.

Asure Software Trading Down 0.8 %

Asure Software stock opened at $8.37 on Wednesday. The firm has a 50-day moving average price of $8.69 and a two-hundred day moving average price of $8.37. Asure Software has a 52-week low of $6.30 and a 52-week high of $12.94. The firm has a market capitalization of $221.47 million, a price-to-earnings ratio of -19.46, a PEG ratio of 0.81 and a beta of 0.62. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03.

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.