Asure Software (NASDAQ:ASUR) Earns Overweight Rating from Stephens

Asure Software (NASDAQ:ASUR)‘s stock had its “overweight” rating reaffirmed by equities researchers at Stephens in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $13.00 price objective on the technology company’s stock. Stephens’ price objective points to a potential upside of 8.70% from the company’s current price.

A number of other brokerages have also issued reports on ASUR. Barrington Research restated an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a research note on Monday, October 28th. Northland Securities upped their target price on shares of Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Lake Street Capital upgraded Asure Software from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Stifel Nicolaus upped their price objective on Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $20.00 target price on shares of Asure Software in a research report on Friday, November 1st. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, Asure Software presently has an average rating of “Buy” and an average price target of $14.17.

Asure Software Trading Down 1.3 %

Shares of ASUR opened at $11.96 on Wednesday. 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 one year low of $6.89 and a one year high of $12.39. The stock has a 50-day moving average price of $9.64 and a 200 day moving average price of $9.19. The company has a market capitalization of $317.54 million, a P/E ratio of -25.45, a P/E/G ratio of 1.11 and a beta of 0.53.

Institutional Trading of Asure Software

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp grew its stake in Asure Software by 0.5% during the 3rd quarter. State Street Corp now owns 429,298 shares of the technology company’s stock worth $3,885,000 after buying an additional 1,961 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Asure Software by 11.4% during the second quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock valued at $242,000 after acquiring an additional 2,948 shares during the period. American Century Companies Inc. increased its holdings in shares of Asure Software by 21.2% in the 2nd quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock worth $228,000 after acquiring an additional 4,756 shares during the period. FMR LLC lifted its position in Asure Software by 350.8% in the 3rd quarter. FMR LLC now owns 6,681 shares of the technology company’s stock valued at $60,000 after purchasing an additional 5,199 shares during the last quarter. Finally, Huntington National Bank acquired a new position in Asure Software during the 3rd quarter valued at about $64,000. 71.58% of the stock is currently 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.