Asure Software, Inc. (NASDAQ:ASUR) Receives Consensus Recommendation of “Buy” from Brokerages

Asure Software, Inc. (NASDAQ:ASUR) has received a consensus recommendation of “Buy” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have covered the stock in the last year is $14.17.

A number of equities research analysts have recently issued reports on the stock. Stephens reaffirmed an “overweight” rating and issued a $13.00 price objective on shares of Asure Software in a research note on Wednesday, January 15th. Stifel Nicolaus lifted their price objective on Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Needham & Company LLC reissued a “buy” rating and set a $20.00 price target on shares of Asure Software in a research report on Wednesday, January 15th. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a research report on Monday, October 28th. Finally, Lake Street Capital raised Asure Software from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th.

Asure Software Stock Performance

NASDAQ ASUR opened at $11.44 on Thursday. The company has a market capitalization of $303.73 million, a P/E ratio of -24.34, a P/E/G ratio of 1.14 and a beta of 0.56. 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 52-week low of $6.89 and a 52-week high of $12.74. The company has a fifty day moving average of $10.62 and a 200-day moving average of $9.57.

Institutional Trading of Asure Software

Hedge funds have recently bought and sold shares of the stock. FMR LLC grew its position in shares of Asure Software by 350.8% during the third quarter. FMR LLC now owns 6,681 shares of the technology company’s stock worth $60,000 after purchasing an additional 5,199 shares in the last quarter. Huntington National Bank bought a new position in shares of Asure Software during the 3rd quarter valued at approximately $64,000. PNC Financial Services Group Inc. lifted its holdings in shares of Asure Software by 66.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company’s stock worth $120,000 after acquiring an additional 5,096 shares during the last quarter. Barclays PLC raised its holdings in shares of Asure Software by 225.7% in 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 during the period. Finally, Unified Investment Management bought a new stake in shares of Asure Software during the fourth quarter worth $343,000. 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.