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

Asure Software, Inc. (NASDAQ:ASUR - Get Free Report) has received a consensus rating of "Buy" from the seven brokerages that are covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have covered the stock in the last year is $14.17.

ASUR has been the subject of several research analyst reports. Northland Securities upped their price target 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. Stephens reissued an "overweight" rating and set a $13.00 target price on shares of Asure Software in a research note on Friday, March 7th. Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 target price on shares of Asure Software in a research report on Friday, March 7th. Stifel Nicolaus upped their price target on Asure Software from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Finally, Lake Street Capital raised Asure Software from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th.

Insider Buying and Selling

In related news, Director Grace G. Lee sold 7,500 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $9.51, for a total value of $71,325.00. Following the transaction, the director now owns 32,215 shares in the company, valued at approximately $306,364.65. This represents a 18.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 8.90% of the stock is owned by corporate insiders.

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Institutional Trading of Asure Software

Large investors have recently added to or reduced their stakes in the business. State Street Corp lifted its stake in shares of Asure Software by 0.5% in the 3rd quarter. State Street Corp now owns 429,298 shares of the technology company's stock valued at $3,885,000 after purchasing an additional 1,961 shares during the last quarter. Penbrook Management LLC lifted its position in shares of Asure Software by 1.8% in the fourth quarter. Penbrook Management LLC now owns 114,035 shares of the technology company's stock worth $1,073,000 after buying an additional 2,000 shares during the last quarter. American Century Companies Inc. boosted its stake 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 acquiring an additional 3,078 shares in the last quarter. Bank of America Corp DE increased its holdings 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 valued at $259,000 after acquiring an additional 3,287 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake 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 acquiring an additional 3,480 shares in the last quarter. 71.58% of the stock is owned by institutional investors.

Asure Software Trading Up 0.2 %

ASUR stock traded up $0.02 during mid-day trading on Friday, reaching $9.57. 49,941 shares of the stock traded hands, compared to its average volume of 116,533. Asure Software has a 52-week low of $6.89 and a 52-week high of $12.74. The stock's fifty day moving average is $10.87 and its 200-day moving average is $10.00. The company has a market cap of $258.19 million, a P/E ratio of -20.36, a P/E/G ratio of 1.11 and a beta of 0.60. 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 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.