Asure Software's (ASUR) "Buy" Rating Reaffirmed at Needham & Company LLC

Asure Software (NASDAQ:ASUR - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Needham & Company LLC in a research note issued on Wednesday,Benzinga reports. They presently have a $20.00 target price on the technology company's stock. Needham & Company LLC's target price indicates a potential upside of 65.02% from the stock's previous close.

ASUR has been the topic of several other reports. Stifel Nicolaus increased their price target on Asure Software from $10.00 to $11.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Northland Securities increased their target price on Asure Software from $12.50 to $14.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 8th. Stephens reissued an "overweight" rating and set a $13.00 target price on shares of Asure Software in a research note on Wednesday. Barrington Research restated an "outperform" rating and issued a $17.00 price target on shares of Asure Software in a report on Monday, October 28th. Finally, Lake Street Capital upgraded shares of Asure Software from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Asure Software presently has an average rating of "Buy" and a consensus price target of $14.17.

Asure Software Trading Up 3.5 %

NASDAQ:ASUR traded up $0.41 during mid-day trading on Wednesday, hitting $12.12. 194,312 shares of the stock traded hands, compared to its average volume of 179,901. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. Asure Software has a 52 week low of $6.89 and a 52 week high of $12.39. The stock has a market capitalization of $321.83 million, a price-to-earnings ratio of -25.79, a PEG ratio of 1.64 and a beta of 0.53. The firm's 50 day moving average is $9.59 and its two-hundred day moving average is $9.17.

Institutional Trading of Asure Software

Several institutional investors and hedge funds have recently made changes to their positions in ASUR. FMR LLC increased its position in Asure Software by 350.8% during the 3rd quarter. FMR LLC now owns 6,681 shares of the technology company's stock valued at $60,000 after purchasing an additional 5,199 shares during the period. Huntington National Bank bought a new position in shares of Asure Software during the third quarter valued at approximately $64,000. American Century Companies Inc. increased its holdings in Asure Software by 21.2% during the second quarter. American Century Companies Inc. now owns 27,145 shares of the technology company's stock valued at $228,000 after buying an additional 4,756 shares during the period. Rhumbline Advisers raised its stake in Asure Software by 11.4% in the second quarter. Rhumbline Advisers now owns 28,802 shares of the technology company's stock worth $242,000 after buying an additional 2,948 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Asure Software by 225.7% during the third quarter. Barclays PLC now owns 31,075 shares of the technology company's stock worth $281,000 after buying an additional 21,533 shares during the period. 71.58% of the stock is currently owned by 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.