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

Asure Software, Inc. (NASDAQ:ASUR - Get Free Report) has been given an average rating of "Buy" by the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $14.17.

ASUR has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their target price on Asure Software from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. 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 reissued a "buy" rating and issued a $20.00 price objective on shares of Asure Software in a research report on Wednesday, January 15th. Northland Securities increased their price objective on Asure Software from $12.50 to $14.00 and gave the company an "outperform" rating in a research report on Wednesday, January 8th. Finally, Stephens reissued an "overweight" rating and issued a $13.00 price objective on shares of Asure Software in a research report on Wednesday, January 15th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Needham Investment Management LLC raised its stake in shares of Asure Software by 0.5% in the fourth quarter. Needham Investment Management LLC now owns 2,495,000 shares of the technology company's stock valued at $23,478,000 after purchasing an additional 12,500 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Asure Software by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 897,323 shares of the technology company's stock worth $8,444,000 after acquiring an additional 48,836 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its stake in Asure Software by 12.6% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 773,572 shares of the technology company's stock worth $7,279,000 after acquiring an additional 86,277 shares in the last quarter. Swedbank AB raised its stake in Asure Software by 7.1% during the third quarter. Swedbank AB now owns 750,000 shares of the technology company's stock worth $6,788,000 after acquiring an additional 50,000 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC raised its stake in Asure Software by 24.5% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 714,330 shares of the technology company's stock worth $6,722,000 after acquiring an additional 140,711 shares in the last quarter. 71.58% of the stock is currently owned by institutional investors and hedge funds.

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Asure Software Stock Performance

Asure Software stock traded down $0.09 during trading hours on Monday, reaching $9.85. 46,525 shares of the company were exchanged, compared to its average volume of 122,213. The firm has a market cap of $261.56 million, a price-to-earnings ratio of -20.96, a PEG 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. The stock has a 50-day moving average of $11.23 and a 200 day moving average of $9.83. Asure Software has a 12 month low of $6.89 and a 12 month high of $12.74.

About Asure Software

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.