Brokerages Set Asure Software, Inc. (NASDAQ:ASUR) Target Price at $14.17

Shares of Asure Software, Inc. (NASDAQ:ASUR) have been given a consensus recommendation of “Buy” by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $14.17.

A number of equities research analysts have recently commented on the company. Lake Street Capital raised Asure Software from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Needham & Company LLC restated a “buy” rating and set a $20.00 target price on shares of Asure Software in a report on Friday, March 7th. Northland Securities lifted their price target on shares of Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Barrington Research reissued an “outperform” rating and set a $17.00 price objective on shares of Asure Software in a research report on Friday, March 7th. Finally, Stifel Nicolaus boosted their price objective on shares of Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th.

Insider Transactions at Asure Software

In other Asure Software news, Director Grace G. Lee sold 7,500 shares of Asure Software stock in a transaction on Monday, March 17th. The shares were sold at an average price of $9.51, for a total value of $71,325.00. Following the sale, the director now directly owns 32,215 shares in the company, valued at approximately $306,364.65. The trade was a 18.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 8.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Asure Software

A number of large investors have recently modified their holdings of the business. State Street Corp increased its position in shares of Asure Software by 0.5% in the third quarter. State Street Corp now owns 429,298 shares of the technology company’s stock valued at $3,885,000 after acquiring an additional 1,961 shares during the last quarter. Penbrook Management LLC increased its position in shares of Asure Software by 1.8% during the 4th quarter. Penbrook Management LLC now owns 114,035 shares of the technology company’s stock worth $1,073,000 after purchasing an additional 2,000 shares during the last quarter. American Century Companies Inc. increased its position in shares of Asure Software by 8.5% during the 4th quarter. American Century Companies Inc. now owns 39,313 shares of the technology company’s stock worth $370,000 after purchasing an additional 3,078 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Asure Software by 13.6% during the 4th quarter. Bank of America Corp DE now owns 27,505 shares of the technology company’s stock worth $259,000 after purchasing an additional 3,287 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Asure Software by 29.7% in the 4th quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company’s stock valued at $143,000 after buying an additional 3,480 shares during the last quarter. 71.58% of the stock is currently owned by institutional investors and hedge funds.

Asure Software Price Performance

ASUR opened at $9.14 on Friday. The company has a fifty day simple moving average of $10.75 and a 200 day simple moving average of $10.00. 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 $246.59 million, a P/E ratio of -19.45, a P/E/G ratio of 1.11 and a beta of 0.60. Asure Software has a 12 month low of $6.89 and a 12 month high of $12.74.

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.