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

Asure Software, Inc. (NASDAQ:ASUR) has been given an average recommendation of “Buy” by the seven research firms that are covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $14.17.

A number of research analysts have commented on 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 target on shares of Asure Software in a research note on Wednesday, January 15th. Northland Securities raised their price objective on shares of Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 target price on shares of Asure Software in a research note on Wednesday, January 15th. Finally, Stifel Nicolaus increased their price target on shares of Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th.

Asure Software Trading Down 2.7 %

Asure Software stock opened at $9.94 on Monday. Asure Software has a 12 month low of $6.89 and a 12 month high of $12.74. 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 stock has a market cap of $263.95 million, a P/E ratio of -21.15, a P/E/G ratio of 1.11 and a beta of 0.56. The company’s fifty day simple moving average is $11.23 and its 200-day simple moving average is $9.83.

Hedge Funds Weigh In On Asure Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASUR. ArrowMark Colorado Holdings LLC acquired a new stake in shares of Asure Software in the third quarter worth $5,191,000. 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 acquiring an additional 502,500 shares during the period. Kennedy Capital Management LLC acquired a new position in Asure Software during the 4th quarter worth $3,338,000. Royce & Associates LP bought a new stake in Asure Software during the fourth quarter valued at about $1,623,000. Finally, Tallon Kerry Patrick acquired a new stake in shares of Asure Software in the fourth quarter valued at about $1,372,000. Institutional investors and hedge funds own 71.58% of the company’s stock.

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.