Asure Software, Inc. (NASDAQ:ASUR) Receives $14.17 Consensus Target Price from Brokerages

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

ASUR has been the subject of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a report on Wednesday, January 15th. Barrington Research restated an “outperform” rating and set a $17.00 target price on shares of Asure Software in a report on Monday, October 28th. Northland Securities raised their target price on shares of Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Stifel Nicolaus raised their target price on shares of Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Stephens restated an “overweight” rating and set a $13.00 target price on shares of Asure Software in a report on Wednesday, January 15th.

Hedge Funds Weigh In On Asure Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASUR. Swedbank AB boosted its stake in Asure Software by 7.1% in the 3rd quarter. Swedbank AB now owns 750,000 shares of the technology company’s stock worth $6,788,000 after purchasing an additional 50,000 shares during the period. Whittier Trust Co. acquired a new position in Asure Software in the 3rd quarter worth approximately $4,140,000. Rice Hall James & Associates LLC boosted its stake in Asure Software by 465.1% in the 3rd quarter. Rice Hall James & Associates LLC now owns 526,345 shares of the technology company’s stock worth $4,763,000 after purchasing an additional 433,197 shares during the period. Huntington National Bank acquired a new position in Asure Software in the 3rd quarter worth approximately $64,000. Finally, FMR LLC boosted its stake in Asure Software by 350.8% in the 3rd quarter. FMR LLC now owns 6,681 shares of the technology company’s stock worth $60,000 after purchasing an additional 5,199 shares during the period. Institutional investors and hedge funds own 71.58% of the company’s stock.

Asure Software Price Performance

Asure Software stock opened at $11.57 on Thursday. The firm has a 50 day simple moving average of $10.70 and a 200-day simple moving average of $9.59. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. 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.