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

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

A number of equities analysts have recently weighed in on ASUR shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 price target on shares of Asure Software in a research note on Friday, November 1st. Lake Street Capital raised Asure Software from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Barrington Research reissued an "outperform" rating and issued a $17.00 price target on shares of Asure Software in a research note on Monday, October 28th. Stifel Nicolaus raised 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. Finally, Northland Securities boosted their target price on shares of Asure Software from $12.50 to $14.00 and gave the stock an "outperform" rating in a research report on Wednesday.

Asure Software Stock Down 0.7 %

NASDAQ:ASUR traded down $0.08 during trading hours on Friday, hitting $11.25. 119,373 shares of the company's stock traded hands, compared to its average volume of 190,829. The stock's fifty day moving average price is $9.47 and its two-hundred day moving average price is $9.12. The firm has a market cap of $298.73 million, a P/E ratio of -23.94, a P/E/G ratio of 1.64 and a beta of 0.53. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07. Asure Software has a twelve month low of $6.89 and a twelve month high of $11.47.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in Asure Software by 5.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 214,863 shares of the technology company's stock valued at $1,805,000 after buying an additional 11,147 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Asure Software by 11.4% in the second quarter. Rhumbline Advisers now owns 28,802 shares of the technology company's stock worth $242,000 after acquiring an additional 2,948 shares during the last quarter. American Century Companies Inc. increased its position in Asure Software by 21.2% during the second quarter. American Century Companies Inc. now owns 27,145 shares of the technology company's stock worth $228,000 after acquiring an additional 4,756 shares during the period. First Eagle Investment Management LLC raised its stake in Asure Software by 34.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 378,901 shares of the technology company's stock valued at $3,183,000 after purchasing an additional 97,404 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC boosted its holdings in Asure Software by 7.9% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company's stock valued at $6,334,000 after purchasing an additional 55,123 shares during the period. 71.58% of the stock is currently owned by institutional investors and hedge funds.

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.