Northland Securities Raises Asure Software (NASDAQ:ASUR) Price Target to $14.00

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

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

Asure Software Price Performance

Asure Software stock opened at $11.25 on Wednesday. The business’s 50-day simple moving average is $9.42 and its 200 day simple moving average is $9.08. The stock has a market cap of $298.73 million, a price-to-earnings ratio of -23.94, a P/E/G ratio of 1.64 and a beta of 0.53. Asure Software has a 12-month low of $6.89 and a 12-month high of $11.47. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04.

Hedge Funds Weigh In On Asure Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in shares of 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 during the period. Huntington National Bank acquired a new stake in shares of Asure Software in the 3rd quarter valued at about $64,000. American Century Companies Inc. raised its stake in shares of Asure Software by 21.2% in the 2nd quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock valued at $228,000 after purchasing an additional 4,756 shares during the period. Rhumbline Advisers raised its stake in shares of Asure Software by 11.4% in the 2nd quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock valued at $242,000 after purchasing an additional 2,948 shares during the period. Finally, Barclays PLC raised its stake in shares of 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 purchasing an additional 21,533 shares during the period. 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.