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

Asure Software, Inc. (NASDAQ:ASUR) has been assigned an average recommendation of “Buy” from the six research firms that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $13.92.

Several brokerages have recently commented on ASUR. Needham & Company LLC reissued a “buy” rating and set a $20.00 price target on shares of Asure Software in a research note on Friday, November 1st. Stephens began coverage on Asure Software in a report on Wednesday, October 16th. They issued an “overweight” rating and a $13.00 target price on the stock. Northland Securities cut their price target on Asure Software from $16.00 to $12.50 and set an “outperform” rating for the company in a research note on Friday, November 1st. Barrington Research reissued an “outperform” rating and issued a $17.00 price objective on shares of Asure Software in a research note on Monday, October 28th. Finally, Stifel Nicolaus lifted their target price on shares of Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th.

Asure Software Stock Performance

NASDAQ:ASUR opened at $9.12 on Wednesday. Asure Software has a fifty-two week low of $6.89 and a fifty-two week high of $10.52. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. The stock 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 firm’s fifty day simple moving average is $9.31 and its 200-day simple moving average is $8.90.

Institutional Trading of Asure Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings 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 in the last quarter. Huntington National Bank purchased a new position in shares of Asure Software during the third quarter valued at approximately $64,000. American Century Companies Inc. boosted 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 acquiring an additional 4,756 shares during the last quarter. Rhumbline Advisers grew its stake in Asure Software by 11.4% in the 2nd quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock worth $242,000 after acquiring an additional 2,948 shares during the period. Finally, Barclays PLC raised its holdings in Asure Software by 225.7% in the 3rd quarter. Barclays PLC now owns 31,075 shares of the technology company’s stock valued at $281,000 after acquiring an additional 21,533 shares during the last quarter. 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.