Brokerages Set Asure Software, Inc. (NASDAQ:ASUR) Price Target at $14.50

Asure Software, Inc. (NASDAQ:ASUR) has earned a consensus rating of “Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have covered the stock in the last year is $13.92.

A number of analysts have weighed in on ASUR shares. Northland Securities decreased their target price on shares of Asure Software from $16.00 to $12.50 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Barrington Research reiterated an “outperform” rating and issued a $17.00 target price on shares of Asure Software in a research report on Monday, October 28th. Stifel Nicolaus boosted their price target on Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday. Stephens initiated coverage on shares of Asure Software in a report on Wednesday, October 16th. They issued an “overweight” rating and a $13.00 price objective for the company. Finally, Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of Asure Software in a research report on Friday, November 1st.

Asure Software Stock Performance

Shares of Asure Software stock opened at $9.12 on Wednesday. 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 company has a market cap of $242.17 million, a PE ratio of -19.40, a price-to-earnings-growth ratio of 1.64 and a beta of 0.53. The company has a 50 day moving average of $9.29 and a 200-day moving average of $8.88. Asure Software has a 1-year low of $6.89 and a 1-year high of $10.52.

Institutional Trading of Asure Software

Several hedge funds have recently bought and sold shares of ASUR. Barclays PLC boosted its holdings in Asure Software by 225.7% during the third quarter. Barclays PLC now owns 31,075 shares of the technology company’s stock worth $281,000 after purchasing an additional 21,533 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Asure Software by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company’s stock worth $5,251,000 after buying an additional 24,649 shares in the last quarter. M&T Bank Corp purchased a new position in shares of Asure Software in the 3rd quarter worth approximately $516,000. State Street Corp grew its holdings in shares of 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 in the last quarter. Finally, Needham Investment Management LLC increased its position in shares of Asure Software by 25.4% during the third quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock valued at $22,467,000 after acquiring an additional 502,500 shares during the last quarter. 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.