Lake Street Capital Upgrades Asure Software (NASDAQ:ASUR) to “Buy”

Asure Software (NASDAQ:ASUR) was upgraded by investment analysts at Lake Street Capital from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, Marketbeat.com reports.

Several other brokerages also recently commented on ASUR. Stifel Nicolaus upped their price objective on Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Northland Securities decreased their price objective on Asure Software from $16.00 to $12.50 and set an “outperform” rating for the company in a research note on Friday, November 1st. Stephens assumed coverage on Asure Software in a research note on Wednesday, October 16th. They issued an “overweight” rating and a $13.00 price target for the company. Barrington Research reiterated an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a research note on Monday, October 28th. Finally, Needham & Company LLC restated a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a research note on Friday, November 1st. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Asure Software has an average rating of “Buy” and a consensus price target of $14.17.

Asure Software Stock Performance

Shares of Asure Software stock opened at $11.33 on Tuesday. The stock’s fifty day moving average is $9.39 and its two-hundred day moving average is $9.07. The company has a market capitalization of $300.86 million, a PE ratio of -24.11, a price-to-earnings-growth ratio of 1.64 and a beta of 0.53. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. Asure Software has a 52 week low of $6.89 and a 52 week high of $11.47.

Institutional Trading of Asure Software

Several hedge funds and other institutional investors have recently bought and sold shares of ASUR. Rice Hall James & Associates LLC acquired a new stake in Asure Software in the second quarter valued at approximately $782,000. Pacific Ridge Capital Partners LLC grew its holdings in 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 purchasing an additional 55,123 shares during the period. Whittier Trust Co. acquired a new stake in Asure Software in the third quarter valued at approximately $4,140,000. First Eagle Investment Management LLC grew its holdings in Asure Software by 34.6% in the second quarter. First Eagle Investment Management LLC now owns 378,901 shares of the technology company’s stock valued at $3,183,000 after purchasing an additional 97,404 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Asure Software by 4.4% in the third 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. 71.58% of the stock is owned by institutional investors and hedge funds.

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.