Asure Software (NASDAQ:ASUR) Stock Price Expected to Rise, Northland Securities Analyst Says

Asure Software (NASDAQ:ASUR) had its price objective boosted by equities research analysts at Northland Securities from $12.50 to $14.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Northland Securities’ target price points to a potential upside of 23.57% from the company’s current price.

Several other equities analysts have also recently issued reports on ASUR. Stephens initiated coverage on Asure Software in a research report on Wednesday, October 16th. They issued an “overweight” rating and a $13.00 price objective on the stock. 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. Needham & Company LLC reissued a “buy” rating and set a $20.00 price target on shares of Asure Software in a report on Friday, November 1st. Lake Street Capital raised Asure Software from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Barrington Research reissued an “outperform” rating and set a $17.00 price target on shares of Asure Software in a report on Monday, October 28th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $14.17.

Asure Software Stock Performance

ASUR stock opened at $11.33 on Wednesday. The stock 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. Asure Software has a 12-month low of $6.89 and a 12-month high of $11.47. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The stock’s 50 day simple moving average is $9.42 and its 200 day simple moving average is $9.08.

Hedge Funds Weigh In On Asure Software

A number of institutional investors have recently bought and sold shares of the stock. Needham Investment Management LLC raised its holdings in Asure Software by 25.4% in the 3rd quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock worth $22,467,000 after purchasing an additional 502,500 shares during the period. Pacific Ridge Capital Partners LLC raised its holdings in Asure Software by 7.9% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company’s stock worth $6,334,000 after purchasing an additional 55,123 shares during the period. Swedbank AB raised its holdings in Asure Software by 7.1% in the 3rd quarter. Swedbank AB now owns 750,000 shares of the technology company’s stock worth $6,788,000 after purchasing an additional 50,000 shares during the period. Geode Capital Management LLC raised its holdings in Asure Software by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company’s stock worth $5,251,000 after purchasing an additional 24,649 shares during the period. Finally, ArrowMark Colorado Holdings LLC purchased a new stake in Asure Software in the 3rd quarter worth $5,191,000. 71.58% of the stock is owned by institutional investors.

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.