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

Asure Software, Inc. (NASDAQ:ASUR - Get Free Report) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 814,400 shares, an increase of 27.0% from the December 31st total of 641,500 shares. Based on an average daily volume of 122,100 shares, the short-interest ratio is presently 6.7 days.

Institutional Investors Weigh In On Asure Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ArrowMark Colorado Holdings LLC bought a new stake in Asure Software during the third quarter worth about $5,191,000. Needham Investment Management LLC boosted its holdings in shares of Asure Software by 25.4% in the 3rd 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 during the last quarter. Whittier Trust Co. bought a new position in shares of Asure Software in the third quarter valued at $4,140,000. Rice Hall James & Associates LLC increased its holdings in Asure Software by 465.1% during the third quarter. Rice Hall James & Associates LLC now owns 526,345 shares of the technology company's stock worth $4,763,000 after buying an additional 433,197 shares during the last quarter. Finally, Post Resch Tallon Group Inc. bought a new stake in Asure Software during the fourth quarter worth $1,372,000. 71.58% of the stock is currently owned by institutional investors and hedge funds.

Asure Software Stock Down 0.9 %

Shares of ASUR stock traded down $0.11 during trading on Wednesday, reaching $11.84. The company's stock had a trading volume of 25,431 shares, compared to its average volume of 128,082. Asure Software has a one year low of $6.89 and a one year high of $12.74. The business has a fifty day moving average price of $10.48 and a 200-day moving average price of $9.53. The company has a market cap of $314.33 million, a price-to-earnings ratio of -25.19, a price-to-earnings-growth ratio of 1.16 and a beta of 0.56. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ASUR. Stephens reissued an "overweight" rating and issued a $13.00 price target on shares of Asure Software in a report on Wednesday, January 15th. Needham & Company LLC reiterated a "buy" rating and set a $20.00 price objective on shares of Asure Software in a report on Wednesday, January 15th. Northland Securities boosted 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. Lake Street Capital upgraded shares of Asure Software from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Finally, Barrington Research reissued an "outperform" rating and set a $17.00 price objective on shares of Asure Software in a research report on Monday, October 28th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $14.17.

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.