Stephens Reiterates “Overweight” Rating for Asure Software (NASDAQ:ASUR)

Asure Software (NASDAQ:ASUR)‘s stock had its “overweight” rating reaffirmed by stock analysts at Stephens in a research report issued on Friday,Benzinga reports. They presently have a $13.00 target price on the technology company’s stock. Stephens’ target price suggests a potential upside of 18.83% from the stock’s previous close.

Several other research firms have also recently issued reports on ASUR. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a report on Friday. Northland Securities boosted their target price on shares of Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Lake Street Capital raised shares of Asure Software from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Stifel Nicolaus lifted their price target on Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Needham & Company LLC restated a “buy” rating and set a $20.00 price objective on shares of Asure Software in a research note on Friday. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, Asure Software has a consensus rating of “Buy” and an average price target of $14.17.

Asure Software Price Performance

ASUR stock opened at $10.94 on Friday. The company has a market capitalization of $290.50 million, a PE ratio of -23.28, a P/E/G ratio of 1.11 and a beta of 0.60. 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’s 50 day moving average is $11.29 and its two-hundred day moving average is $9.86. Asure Software has a 52-week low of $6.89 and a 52-week high of $12.74.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Huntington National Bank bought a new position in Asure Software in the third quarter worth about $64,000. Swedbank AB raised its position in shares of Asure Software by 7.1% during 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. FMR LLC raised its position in shares of Asure Software by 350.8% during the 3rd quarter. FMR LLC now owns 6,681 shares of the technology company’s stock worth $60,000 after purchasing an additional 5,199 shares during the period. ArrowMark Colorado Holdings LLC bought a new stake in shares of Asure Software in the 3rd quarter worth approximately $5,191,000. Finally, Needham Investment Management LLC boosted its position in Asure Software by 25.4% during the 3rd quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock valued at $22,467,000 after purchasing an additional 502,500 shares during the period. 71.58% of the stock is owned by institutional investors and hedge funds.

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.