Asure Software’s (ASUR) Overweight Rating Reaffirmed at Stephens

Stephens reissued their overweight rating on shares of Asure Software (NASDAQ:ASUR) in a report issued on Wednesday,Benzinga reports. Stephens currently has a $13.00 target price on the technology company’s stock.

Several other equities research analysts have also weighed in on ASUR. Lake Street Capital raised Asure Software from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Barrington Research reissued an “outperform” rating and set a $17.00 price objective on shares of Asure Software in a research note on Monday, October 28th. Needham & Company LLC reissued a “buy” rating and set a $20.00 price objective on shares of Asure Software in a research note on Friday, November 1st. Northland Securities raised their price objective on Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus raised their price objective on Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Asure Software currently has a consensus rating of “Buy” and a consensus price target of $14.17.

Asure Software Stock Performance

Shares of NASDAQ ASUR opened at $12.12 on Wednesday. The stock has a fifty day moving average price of $9.64 and a two-hundred day moving average price of $9.19. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $321.79 million, a P/E ratio of -25.79, a PEG ratio of 1.11 and a beta of 0.53. Asure Software has a 1 year low of $6.89 and a 1 year high of $12.39.

Institutional Trading of Asure Software

A number of hedge funds have recently modified their holdings of ASUR. FMR LLC lifted its holdings in shares of 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 in the last quarter. Huntington National Bank purchased a new stake in shares of Asure Software during the third quarter worth $64,000. 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 worth $228,000 after acquiring an additional 4,756 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Asure Software by 11.4% during the second quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock worth $242,000 after acquiring an additional 2,948 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Asure Software by 225.7% during the third quarter. Barclays PLC now owns 31,075 shares of the technology company’s stock worth $281,000 after acquiring an additional 21,533 shares in the last quarter. Hedge funds and other 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.