Asure Software (NASDAQ:ASUR) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Asure Software (NASDAQ:ASUR - Free Report) in a research report released on Friday,Benzinga reports. Needham & Company LLC currently has a $20.00 price target on the technology company's stock.

ASUR has been the topic of several other research reports. Stephens reiterated an "overweight" rating and set a $13.00 target price on shares of Asure Software in a report on Wednesday, January 15th. Northland Securities upped their price objective on Asure Software from $12.50 to $14.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 8th. Lake Street Capital raised shares of Asure Software from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus boosted their target price on shares of Asure Software from $10.00 to $11.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. 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 target price of $14.17.

Asure Software Stock Down 7.3 %

ASUR stock traded down $0.74 during midday trading on Friday, hitting $9.38. The company's stock had a trading volume of 170,544 shares, compared to its average volume of 121,644. The company's fifty day moving average price is $11.30 and its 200 day moving average price is $9.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. Asure Software has a twelve month low of $6.89 and a twelve month high of $12.74. The stock has a market capitalization of $249.08 million, a P/E ratio of -19.96, a PEG ratio of 1.11 and a beta of 0.60.

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Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. State Street Corp boosted its holdings in shares of Asure Software by 0.5% during the 3rd quarter. State Street Corp now owns 429,298 shares of the technology company's stock worth $3,885,000 after buying an additional 1,961 shares during the period. Penbrook Management LLC lifted its position in Asure Software by 1.8% during the fourth quarter. Penbrook Management LLC now owns 114,035 shares of the technology company's stock worth $1,073,000 after acquiring an additional 2,000 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Asure Software by 8.5% during the fourth quarter. American Century Companies Inc. now owns 39,313 shares of the technology company's stock worth $370,000 after acquiring an additional 3,078 shares during the period. Bank of America Corp DE grew its position in shares of Asure Software by 13.6% in the fourth quarter. Bank of America Corp DE now owns 27,505 shares of the technology company's stock valued at $259,000 after purchasing an additional 3,287 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Asure Software by 29.7% during the fourth quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company's stock worth $143,000 after purchasing an additional 3,480 shares during the period. 71.58% of the stock is 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.