Asure Software (NASDAQ:ASUR) Given New $14.00 Price Target at Northland Securities

Asure Software (NASDAQ:ASUR) had its price objective boosted by Northland Securities from $12.50 to $14.00 in a report released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

Several other equities analysts also recently issued reports on the stock. Stephens assumed coverage on shares of Asure Software in a research note on Wednesday, October 16th. They set an “overweight” rating and a $13.00 price objective on the stock. Stifel Nicolaus raised their price objective on Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Lake Street Capital raised Asure Software from a “hold” rating to a “buy” rating in a research report on Tuesday. Barrington Research reissued an “outperform” rating and issued a $17.00 target price on shares of Asure Software in a research report on Monday, October 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of Asure Software in a research note on Friday, November 1st. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $14.17.

Asure Software Stock Performance

NASDAQ:ASUR opened at $11.33 on Wednesday. Asure Software has a twelve month low of $6.89 and a twelve month high of $11.47. The company has a market capitalization of $300.86 million, a P/E ratio of -24.11, a price-to-earnings-growth ratio of 1.64 and a beta of 0.53. 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 50-day moving average price of $9.39 and a two-hundred day moving average price of $9.07.

Institutional Investors Weigh In On Asure Software

Several hedge funds have recently modified their holdings of the stock. Rice Hall James & Associates LLC purchased a new position in Asure Software in the 2nd quarter worth approximately $782,000. Pacific Ridge Capital Partners LLC boosted its stake in shares of Asure Software by 7.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company’s stock valued at $6,334,000 after purchasing an additional 55,123 shares during the period. Whittier Trust Co. purchased a new position in shares of Asure Software in the third quarter valued at $4,140,000. First Eagle Investment Management LLC grew its holdings in Asure Software by 34.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 378,901 shares of the technology company’s stock valued at $3,183,000 after purchasing an additional 97,404 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in 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 during the period. 71.58% of the stock is currently owned by hedge funds and other institutional investors.

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.