Asure Software (NASDAQ:ASUR) Upgraded to Buy at Lake Street Capital

Asure Software (NASDAQ:ASUR - Get Free Report) was upgraded by equities research analysts at Lake Street Capital from a "hold" rating to a "buy" rating in a research report issued on Tuesday, MarketBeat.com reports.

ASUR has been the subject of a number of other reports. Barrington Research reaffirmed an "outperform" rating and set a $17.00 price target on shares of Asure Software in a report on Monday, October 28th. Northland Securities decreased their target price on Asure Software from $16.00 to $12.50 and set an "outperform" rating for the company in a research note on Friday, November 1st. Stephens assumed coverage on shares of Asure Software in a research note on Wednesday, October 16th. They issued an "overweight" rating and a $13.00 price target on the stock. Needham & Company LLC restated a "buy" rating and set a $20.00 price objective on shares of Asure Software in a research report on Friday, November 1st. Finally, Stifel Nicolaus upped 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. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, Asure Software presently has a consensus rating of "Buy" and a consensus target price of $13.92.

Asure Software Stock Up 13.7 %

Shares of ASUR traded up $1.37 during midday trading on Tuesday, reaching $11.37. The stock had a trading volume of 475,907 shares, compared to its average volume of 209,673. The company has a market cap of $301.92 million, a price-to-earnings ratio of -24.19, a PEG ratio of 1.64 and a beta of 0.53. The company's fifty day simple moving average is $9.35 and its two-hundred day simple moving average is $9.05. Asure Software has a 1-year low of $6.89 and a 1-year high of $11.47. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Needham Investment Management LLC boosted its stake in shares of 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 worth $22,467,000 after buying an additional 502,500 shares during the period. Pacific Ridge Capital Partners LLC increased its position 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 acquiring an additional 55,123 shares during the period. Swedbank AB raised its stake in Asure Software by 7.1% during the 3rd quarter. Swedbank AB now owns 750,000 shares of the technology company's stock valued at $6,788,000 after acquiring an additional 50,000 shares during the last quarter. Geode Capital Management LLC lifted its position in Asure Software by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company's stock worth $5,251,000 after acquiring an additional 24,649 shares during the period. Finally, ArrowMark Colorado Holdings LLC purchased a new position in shares of Asure Software in the 3rd quarter valued at approximately $5,191,000. 71.58% of the stock is owned by hedge funds and other institutional investors.

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.