Brokerages Set Asure Software, Inc. (NASDAQ:ASUR) PT at $14.17

Shares of Asure Software, Inc. (NASDAQ:ASUR) have earned an average recommendation of “Buy” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $14.17.

Several equities analysts recently commented on the stock. Stephens assumed 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 for the company. Lake Street Capital raised Asure Software from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 target price on shares of Asure Software in a report on Friday, November 1st. Northland Securities lifted their price target on Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Finally, 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 note on Wednesday, December 18th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in shares of Asure Software by 5.5% during the second quarter. Bank of New York Mellon Corp now owns 214,863 shares of the technology company’s stock worth $1,805,000 after buying an additional 11,147 shares during the period. Rhumbline Advisers boosted its position in Asure Software by 11.4% during the second quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock valued at $242,000 after acquiring an additional 2,948 shares during the last quarter. American Century Companies Inc. grew its holdings in Asure Software by 21.2% during 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 period. First Eagle Investment Management LLC raised its position in shares of Asure Software by 34.6% in the 2nd 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, Pacific Ridge Capital Partners LLC lifted its stake in shares of 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 valued at $6,334,000 after purchasing an additional 55,123 shares during the period. Institutional investors own 71.58% of the company’s stock.

Asure Software Trading Up 2.4 %

Shares of ASUR stock opened at $11.71 on Friday. Asure Software has a fifty-two week low of $6.89 and a fifty-two week high of $11.73. The stock’s fifty day moving average price is $9.53 and its two-hundred day moving average price is $9.14. 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 company has a market cap of $310.95 million, a PE ratio of -24.91, a P/E/G ratio of 1.64 and a beta of 0.53.

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.