Asure Software’s (ASUR) Overweight Rating Reiterated at Stephens

Stephens reaffirmed their overweight rating on shares of Asure Software (NASDAQ:ASUR) in a research note published on Wednesday,Benzinga reports. Stephens currently has a $13.00 price objective on the technology company’s stock.

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

Asure Software Price Performance

Shares of NASDAQ:ASUR opened at $12.12 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. Asure Software has a 1 year low of $6.89 and a 1 year high of $12.39. The business has a fifty day simple moving average of $9.64 and a 200 day simple moving average of $9.19. The firm has a market cap of $321.79 million, a price-to-earnings ratio of -25.79, a P/E/G ratio of 1.11 and a beta of 0.53.

Institutional Investors Weigh In On Asure Software

Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC grew its position in shares of Asure Software by 350.8% in the third 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. Huntington National Bank acquired a new stake in Asure Software during the third quarter worth about $64,000. American Century Companies Inc. grew its position in Asure Software by 21.2% during the second quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock worth $228,000 after buying an additional 4,756 shares in the last quarter. Rhumbline Advisers grew its position in Asure Software by 11.4% during the second quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock worth $242,000 after buying an additional 2,948 shares in the last quarter. Finally, Barclays PLC grew its position 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 buying an additional 21,533 shares in the last quarter. 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.