Needham & Company LLC Reaffirms Buy Rating for Asure Software (NASDAQ:ASUR)

Asure Software (NASDAQ:ASUR)‘s stock had its “buy” rating restated by Needham & Company LLC in a report issued on Wednesday,Benzinga reports. They currently have a $20.00 target price on the technology company’s stock. Needham & Company LLC’s target price would indicate a potential upside of 67.22% from the stock’s previous close.

Other analysts also recently issued reports about the company. Lake Street Capital upgraded Asure Software from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Stephens reissued an “overweight” rating and issued a $13.00 price objective on shares of Asure Software in a research note on Wednesday. Stifel Nicolaus upped their target price on Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Barrington Research reissued an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a research report on Monday, October 28th. Finally, Northland Securities boosted their price target on shares of Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $14.17.

Asure Software Stock Down 1.3 %

Shares of NASDAQ ASUR opened at $11.96 on Wednesday. Asure Software has a 12-month low of $6.89 and a 12-month high of $12.39. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. The firm has a market cap of $317.54 million, a PE ratio of -25.45, a P/E/G ratio of 1.11 and a beta of 0.53. The company’s fifty day simple moving average is $9.64 and its 200 day simple moving average is $9.19.

Hedge Funds Weigh In On Asure Software

Large investors have recently bought and sold shares of the stock. FMR LLC raised 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 during the last quarter. Huntington National Bank bought a new stake in Asure Software in the 3rd quarter worth about $64,000. American Century Companies Inc. increased its stake in Asure Software by 21.2% in the 2nd quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock valued at $228,000 after buying an additional 4,756 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Asure Software by 11.4% during the 2nd quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock worth $242,000 after buying an additional 2,948 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Asure Software by 225.7% in the 3rd quarter. Barclays PLC now owns 31,075 shares of the technology company’s stock worth $281,000 after buying an additional 21,533 shares during the last quarter. 71.58% of the stock is currently owned by institutional investors.

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.