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

Asure Software, Inc. (NASDAQ:ASUR - Get Free Report) has earned an average rating of "Buy" from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $14.17.

A number of research firms have recently weighed in on ASUR. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 price objective on shares of Asure Software in a research report on Wednesday, January 15th. Northland Securities upped their price target on shares of Asure Software from $12.50 to $14.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 8th. Lake Street Capital upgraded shares of Asure Software from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. Barrington Research reaffirmed an "outperform" rating and issued a $17.00 target price on shares of Asure Software in a report on Monday, October 28th. Finally, Stifel Nicolaus raised their price target on Asure Software from $10.00 to $11.00 and gave the company a "buy" rating in a report on Wednesday, December 18th.

Institutional Trading of Asure Software

Several hedge funds have recently bought and sold shares of ASUR. FMR LLC increased its holdings in shares of Asure Software by 350.8% in the third 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 last quarter. Huntington National Bank purchased a new position in Asure Software during the 3rd quarter valued at approximately $64,000. PNC Financial Services Group Inc. increased its stake in Asure Software by 66.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company's stock worth $120,000 after acquiring an additional 5,096 shares during the last quarter. Barclays PLC raised its holdings in shares of Asure Software by 225.7% during the 3rd quarter. Barclays PLC now owns 31,075 shares of the technology company's stock worth $281,000 after acquiring an additional 21,533 shares in the last quarter. Finally, Unified Investment Management bought a new position in shares of Asure Software during the 4th quarter valued at approximately $343,000. Hedge funds and other institutional investors own 71.58% of the company's stock.

Asure Software Stock Performance

NASDAQ ASUR traded down $0.36 on Thursday, hitting $11.26. 53,596 shares of the company traded hands, compared to its average volume of 100,267. The business's 50 day moving average price is $10.58 and its 200-day moving average price is $9.56. Asure Software has a 52-week low of $6.89 and a 52-week high of $12.74. 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 company has a market capitalization of $298.95 million, a price-to-earnings ratio of -23.96, a P/E/G ratio of 1.14 and a beta of 0.56.

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.