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

Asure Software, Inc. (NASDAQ:ASUR) has received an average rating of “Buy” from the six research firms that are covering the company, MarketBeat reports. Six analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued a report on the stock in the last year is $13.92.

A number of equities analysts recently commented on ASUR shares. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Asure Software in a research note on Monday, October 28th. Stephens began coverage on shares of Asure Software in a research note on Wednesday, October 16th. They issued an “overweight” rating and a $13.00 price objective on the stock. Northland Securities dropped their target price on shares of Asure Software from $16.00 to $12.50 and set an “outperform” rating on the stock in a report on Friday, November 1st. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price target on shares of Asure Software in a report on Friday, November 1st. Finally, Stifel Nicolaus upped their target price on Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rice Hall James & Associates LLC acquired a new position in shares of Asure Software during the second quarter worth approximately $782,000. Pacific Ridge Capital Partners LLC lifted its stake in shares of Asure Software by 7.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company’s stock valued at $6,334,000 after buying an additional 55,123 shares in the last quarter. Whittier Trust Co. acquired a new position in shares of Asure Software during the third quarter valued at about $4,140,000. First Eagle Investment Management LLC increased its position in shares of Asure Software by 34.6% during the second quarter. First Eagle Investment Management LLC now owns 378,901 shares of the technology company’s stock worth $3,183,000 after acquiring an additional 97,404 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Asure Software by 21.2% in the 2nd 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 last quarter. Institutional investors own 71.58% of the company’s stock.

Asure Software Stock Up 0.4 %

Shares of ASUR opened at $9.14 on Wednesday. The stock’s 50-day moving average price is $9.32 and its two-hundred day moving average price is $8.93. Asure Software has a 12 month low of $6.89 and a 12 month high of $10.52. The company has a market capitalization of $242.70 million, a PE ratio of -19.45, a PEG ratio of 1.64 and a beta of 0.53. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04.

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.