Asure Software, Inc. (NASDAQ:ASUR) Sees Large Drop in Short Interest

Asure Software, Inc. (NASDAQ:ASUR - Get Free Report) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totalling 632,000 shares, a decline of 21.5% from the November 30th total of 805,500 shares. Based on an average daily volume of 97,400 shares, the days-to-cover ratio is currently 6.5 days.

Institutional Trading of Asure Software

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ArrowMark Colorado Holdings LLC bought a new stake in Asure Software during the third quarter worth approximately $5,191,000. Needham Investment Management LLC raised its holdings in Asure Software by 25.4% during the third quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company's stock valued at $22,467,000 after buying an additional 502,500 shares in the last quarter. Whittier Trust Co. acquired a new position in Asure Software during the third quarter valued at approximately $4,140,000. Rice Hall James & Associates LLC grew its stake in Asure Software by 465.1% in the 3rd quarter. Rice Hall James & Associates LLC now owns 526,345 shares of the technology company's stock valued at $4,763,000 after buying an additional 433,197 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its position in shares of Asure Software by 34.6% in the second 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. Institutional investors own 71.58% of the company's stock.

Analysts Set New Price Targets

ASUR has been the topic of a number of recent analyst reports. Northland Securities decreased their target price on Asure Software from $16.00 to $12.50 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 price target on shares of Asure Software in a research report on Friday, November 1st. Stifel Nicolaus lifted their target price on shares of Asure Software from $10.00 to $11.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Barrington Research reiterated an "outperform" rating and set a $17.00 target price on shares of Asure Software in a report on Monday, October 28th. Finally, Stephens started coverage on shares of Asure Software in a research note on Wednesday, October 16th. They set an "overweight" rating and a $13.00 target price for the company. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $13.92.

Asure Software Trading Down 1.5 %

Shares of ASUR traded down $0.14 during trading hours on Friday, hitting $9.35. The stock had a trading volume of 82,832 shares, compared to its average volume of 147,731. The company's fifty day simple moving average is $9.33 and its 200 day simple moving average is $8.95. The firm has a market cap of $248.28 million, a P/E ratio of -19.89, 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 12-month low of $6.89 and a 12-month high of $10.52.

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.