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

Asure Software (NASDAQ:ASUR)‘s stock had its “buy” rating reissued by analysts at Needham & Company LLC in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $20.00 price objective on the technology company’s stock. Needham & Company LLC’s target price indicates a potential upside of 82.82% from the stock’s current price.

Several other equities analysts have also issued reports 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 restated an “overweight” rating and set a $13.00 price objective on shares of Asure Software in a research report on Wednesday, January 15th. Northland Securities raised their target price on Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus lifted 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. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $14.17.

Asure Software Stock Performance

NASDAQ:ASUR opened at $10.94 on Friday. The firm’s 50-day moving average is $11.29 and its 200-day moving average is $9.86. The company has a market cap of $290.50 million, a price-to-earnings ratio of -23.28, a PEG ratio of 1.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07. Asure Software has a 52-week low of $6.89 and a 52-week high of $12.74.

Hedge Funds Weigh In On Asure Software

Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp grew its position in Asure Software by 0.5% in the third quarter. State Street Corp now owns 429,298 shares of the technology company’s stock valued at $3,885,000 after acquiring an additional 1,961 shares during the period. Penbrook Management LLC boosted its stake in shares of Asure Software by 1.8% in the 4th quarter. Penbrook Management LLC now owns 114,035 shares of the technology company’s stock valued at $1,073,000 after purchasing an additional 2,000 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Asure Software by 8.5% in the 4th quarter. American Century Companies Inc. now owns 39,313 shares of the technology company’s stock valued at $370,000 after purchasing an additional 3,078 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Asure Software by 13.6% in the 4th quarter. Bank of America Corp DE now owns 27,505 shares of the technology company’s stock worth $259,000 after purchasing an additional 3,287 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Asure Software by 29.7% during the 4th quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company’s stock worth $143,000 after purchasing an additional 3,480 shares in the last quarter. Institutional investors 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.