Asure Software (NASDAQ:ASUR) Price Target Raised to $11.00

Asure Software (NASDAQ:ASUR) had its price target raised by stock analysts at Stifel Nicolaus from $10.00 to $11.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 20.35% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Needham & Company LLC reissued a “buy” rating and set a $20.00 price target on shares of Asure Software in a research report on Friday, November 1st. Stephens initiated coverage on shares of Asure Software in a report on Wednesday, October 16th. They set an “overweight” rating and a $13.00 target price for the company. Northland Securities lowered their price target on shares of Asure Software from $16.00 to $12.50 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Barrington Research reiterated an “outperform” rating and set a $17.00 price objective on shares of Asure Software in a research note on Monday, October 28th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $13.92.

Asure Software Stock Up 0.1 %

Shares of ASUR stock opened at $9.14 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 fifty-two week low of $6.89 and a fifty-two week high of $10.52. The firm has a market capitalization of $242.70 million, a PE ratio of -19.45, a P/E/G ratio of 1.64 and a beta of 0.53. The stock’s 50-day simple moving average is $9.29 and its 200-day simple moving average is $8.88.

Institutional Trading of Asure Software

A number of hedge funds have recently added to or reduced their stakes in the company. 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 worth $281,000 after purchasing an additional 21,533 shares during the period. Geode Capital Management LLC increased its position in shares of Asure Software by 4.4% in the third quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company’s stock valued at $5,251,000 after buying an additional 24,649 shares in the last quarter. M&T Bank Corp acquired a new position in shares of Asure Software during the 3rd quarter worth approximately $516,000. State Street Corp lifted its position in shares of Asure Software by 0.5% during the 3rd quarter. State Street Corp now owns 429,298 shares of the technology company’s stock valued at $3,885,000 after buying an additional 1,961 shares in the last quarter. Finally, Needham Investment Management LLC grew its stake in Asure Software by 25.4% in the 3rd quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock valued at $22,467,000 after acquiring an additional 502,500 shares during the period. 71.58% of the stock is 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.