Asure Software, Inc. (NASDAQ:ASUR) Receives $14.17 Average PT from Brokerages

Shares of Asure Software, Inc. (NASDAQ:ASUR) have received a consensus recommendation of “Buy” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have issued a report on the stock in the last year is $14.17.

A number of analysts have recently weighed in on ASUR shares. Lake Street Capital upgraded shares of Asure Software from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Northland Securities raised their price objective on shares of Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Asure Software in a report on Friday, March 7th. Needham & Company LLC restated a “buy” rating and issued a $20.00 price target on shares of Asure Software in a research note on Friday, March 7th. Finally, Stephens restated an “overweight” rating and set a $13.00 price target on shares of Asure Software in a research report on Friday, March 7th.

Asure Software Price Performance

NASDAQ ASUR opened at $9.61 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $259.27 million, a P/E ratio of -20.45, a P/E/G ratio of 1.11 and a beta of 0.60. Asure Software has a 12-month low of $6.89 and a 12-month high of $12.74. The firm’s fifty day simple moving average is $10.98 and its two-hundred day simple moving average is $9.99.

Insider Activity

In other news, Director Grace G. Lee sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $9.51, for a total value of $71,325.00. Following the transaction, the director now directly owns 32,215 shares in the company, valued at approximately $306,364.65. This represents a 18.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 8.90% of the company’s stock.

Institutional Trading of Asure Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASUR. FMR LLC lifted its stake in 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 acquiring an additional 5,199 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Asure Software in the 4th quarter valued at about $104,000. PNC Financial Services Group Inc. lifted its stake in Asure Software by 66.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company’s stock valued at $120,000 after buying an additional 5,096 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Asure Software by 29.7% during the fourth quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company’s stock worth $143,000 after acquiring an additional 3,480 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Asure Software by 49.6% in the 4th quarter. Deutsche Bank AG now owns 18,625 shares of the technology company’s stock valued at $175,000 after acquiring an additional 6,175 shares during the period. Hedge funds and other institutional investors own 71.58% of the company’s stock.

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.