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

Shares of Asure Software, Inc. (NASDAQ:ASUR) have been assigned a consensus rating of “Buy” from the seven brokerages that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $14.17.

ASUR has been the topic of several research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a research report on Wednesday. Stifel Nicolaus lifted their price objective on shares of Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Northland Securities increased their target price on shares of Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Lake Street Capital raised shares of Asure Software from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Finally, Stephens reissued an “overweight” rating and set a $13.00 price objective on shares of Asure Software in a report on Wednesday.

Institutional Investors Weigh In On Asure Software

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Tallon Kerry Patrick purchased a new position in shares of Asure Software in the fourth quarter valued at $1,372,000. Barclays PLC boosted its stake 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 grew its holdings in Asure Software by 4.4% during the 3rd 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 bought a new stake in shares of Asure Software during the third quarter valued at about $516,000. Finally, State Street Corp lifted its holdings 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 worth $3,885,000 after buying an additional 1,961 shares in the last quarter. Institutional investors own 71.58% of the company’s stock.

Asure Software Price Performance

ASUR opened at $12.14 on Friday. Asure Software has a 1 year low of $6.89 and a 1 year high of $12.39. 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 firm’s fifty day moving average price is $9.75 and its two-hundred day moving average price is $9.24.

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.